Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against OKX+0.249%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1571.574% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.249%, 7d avg +0.157%

Together, before fees−0.234%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.092% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINEA-USDT-SWAP	0.002809	0.0100	pay 0.0050% / 4h	1h 35m	$1.2M	$1.0M	50x
Short	Lighter LINEA	0.002816	0.0096	get 0.0012% / 1h	35m 48s	$110K	$55K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.249%Rate

Funding earned: −$0.84
Price spread: +0.249% → +0.157%: $9.23
Slippage, 4 orders: −$147.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$149.03
Costs to cover: 1.574%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Lighter: live order book, 54 min ago.

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, 1 min ago	1.78 bp	32.6 bp −$33	160.1 bp −$1,601	doesn't fit	doesn't fit
Sell Lighter live order book, 54 min ago	35.41 bp	41.6 bp −$42	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	+0.036%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0047%	4h	0.002813	+0.142%	$212K	$29K	50x	as long as short
Lighter LINEAshort	+0.0096%	1h	0.002816	+0.249%	$110K	$55K	3x
Aster LINEAUSDT	+0.0100%	4h	0.002812	+0.105%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002810	+0.036%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002809	0.000%	$2.8M	$905K	50x	as long as short
OKX LINEA-USDT-SWAPlong	+0.0100%	4h	0.002809	long leg	$1.2M	$1.0M	50x
Gate LINEA_USDT	+0.0100%	4h	0.002814	+0.178%	$228K	$84K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002811	+0.071%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002814	+0.178%	$506K	$82K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget LINEAUSDT	+0.0100%	4h	0.002815	+0.214%	$1.1M	$484K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002811	+0.071%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002811	+0.078%	$88K	$62K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002810	+0.036%	$109K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002818	+0.320%	$145K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	+0.392%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002870	+2.172%	$2K	$1.8M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002809	+0.011%	$9K	$110K	10x	as long as short
Hyperliquid LINEA	+0.0138%	1h	0.002820	+0.392%	$2.7M	$323K	3x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002810	+0.033%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0179%	1h	0.002811	+0.071%	$32K	—	100x	as long as short