Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.050%

Price spread now: Hyperliquid against Variational Omni+0.705%7-day average +0.462% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.705%, 7d avg +0.462%

Together, before fees−0.331%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.243% dearer against Variational Omni than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.462%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.060% in total (about 6.4% 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	Variational Omni LINEA	0.002849	0.0100	pay 0.0050% / 4h	57m 00s	$110K	$56K	—
Short	Hyperliquid LINEA	0.002869	0.0317	get 0.0040% / 1h	57m 00s	$2.8M	$278K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.705%Rate

Funding earned: $45.47
Price spread: +0.705% → +0.462%: $24.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $60.79
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Hyperliquid: live order book, 4 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 Variational Omni RFQ quote, 2 min ago	12.27 bp	doesn't fit	612.0 bp −$6,120	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.74 bp	36.0 bp −$36	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
Backpack LINEA_USDC_PERP	−0.0077%	1h	0.002859	+0.357%	$90K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.366%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0059%	4h	0.002851	+0.073%	$221K	$30K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002862	+0.459%	$113K	$55K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002853	+0.136%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002859	+0.340%	$4.1M	$3.8M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002851	+0.073%	$2.9M	$831K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002854	+0.178%	$1.2M	$957K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002855	+0.214%	$235K	$76K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002854	+0.178%	$3.9M	$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	0.002855	+0.214%	$569K	$61K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002859	+0.354%	$1.1M	$467K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002855	+0.214%	—	$2.6M	—	as long as short
Variational Omni LINEAlong	+0.0100%	4h	0.002849	long leg	$110K	$56K	—
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002859	+0.353%	$140K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002860	+0.389%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002910	+2.144%	$1K	$1.6M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002855	+0.208%	$10K	$162K	10x	as long as short
Reya LINEARUSDPERP	+0.0273%	1h	0.002851	+0.071%	$4K	—	3x	as long as short
Hyperliquid LINEAshort	+0.0317%	1h	0.002869	+0.705%	$2.8M	$278K	3x
GMX LINEA/USD [ETH-USDC]	L +0.0454% / S −0.0181%	1h	0.002857	+0.284%	$32K	—	100x	as long as short