Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.023%

Price spread now: GMX against Variational Omni+0.194%50s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.194% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINEA	0.002823	0.0100	pay 0.0050% / 4h	2h 50m	$113K	$60K	—
Short	GMX LINEA/USD [ETH-USDC]	0.002828	L +0.0448% / S −0.0181%	get 0.0023% / 1h	50m 36s	$32K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.194%Rate

Funding earned: $17.05
Price spread: +0.194% → 0.000%: $19.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $24.49
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 38 min ago; GMX: no order-book sample. 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 Variational Omni RFQ quote, 38 min ago	8.80 bp	doesn't fit	537.1 bp −$5,371	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Backpack LINEA_USDC_PERP	−0.0418%	1h	0.002828	+0.180%	$85K	$56K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.443%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0095%	4h	0.002827	+0.159%	$218K	$13K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002831	+0.301%	$110K	$58K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002837	+0.513%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002830	+0.257%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002827	+0.159%	$4.0M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002823	+0.017%	$2.9M	$853K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002824	+0.053%	$1.2M	$941K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002832	+0.336%	$241K	$61K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC LINEA_USDT	+0.0100%	4h	0.002827	+0.159%	$3.8M	$1.0M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002832	+0.336%	$542K	$50K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002829	+0.230%	$1.1M	$481K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002827	+0.159%	—	$2.6M	—	as long as short
Variational Omni LINEAlong	+0.0100%	4h	0.002823	long leg	$113K	$60K	—
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002836	+0.469%	$139K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002830	+0.265%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002880	+2.037%	$2K	$1.4M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002826	+0.133%	$12K	$177K	10x	as long as short
Reya LINEARUSDPERP	+0.0268%	1h	0.002826	+0.122%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]short	L +0.0448% / S −0.0181%	1h	0.002828	+0.194%	$32K	—	100x