Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0509%/8h= +55.8% APRpaid last 24h +0.054%

Price spread now: Hyperliquid against OKX+0.387%7-day average +0.395% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.387%, 7d avg +0.395%

Together, before fees+0.093%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.395%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINEA-USDT-SWAP	0.002845	0.0100	pay 0.0050% / 4h	3h 33m	$1.2M	$970K	50x
Short	Hyperliquid LINEA	0.002856	0.0609	get 0.0076% / 1h	33m 22s	$2.8M	$281K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee HyperliquidbpOrdersPrice spread, now +0.387%Rate

Funding earned: $106.98
Price spread: +0.387% → +0.395%: −$0.83
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $87.16
Costs to cover: 0.190%
Break-even: 1.3 days

Slippage unknown: OKX: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	1.76 bp	19.5 bp −$20	127.2 bp −$1,272	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	3.49 bp	26.0 bp −$26	doesn't fit	doesn't fit	doesn't fit

LINEA on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.230%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0041%	4h	0.002847	+0.070%	$217K	$30K	50x	as long as short
Backpack LINEA_USDC_PERP	+0.0063%	1h	0.002847	+0.063%	$90K	$61K	10x	as long as short
Lighter LINEA	+0.0096%	1h	0.002853	+0.281%	$112K	$56K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002848	+0.105%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002848	+0.105%	$4.1M	$4.0M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002845	0.000%	$2.9M	$844K	50x	as long as short
OKX LINEA-USDT-SWAPlong	+0.0100%	4h	0.002845	long leg	$1.2M	$970K	50x
Gate LINEA_USDT	+0.0100%	4h	0.002850	+0.176%	$235K	$78K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002847	+0.070%	$4.0M	$1.1M	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LINEAUSDTM	+0.0100%	4h	0.002849	+0.141%	$568K	$60K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002850	+0.176%	$1.1M	$471K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002846	+0.035%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002844	−0.035%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002853	+0.266%	$149K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	+0.176%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002910	+2.285%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002847	+0.059%	$13K	$163K	10x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0179% / S +0.0151%	1h	0.002848	+0.105%	$33K	—	100x	as long as short
Reya LINEARUSDPERP	+0.0275%	1h	0.002848	+0.119%	$4K	—	3x	as long as short
Hyperliquid LINEAshort	+0.0609%	1h	0.002856	+0.387%	$2.8M	$281K	3x