Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h +0.050%

Price spread now: Reya against Variational Omni−0.393%55s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Reya

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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.393% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.393% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$39 on $10k: about 7.5 days of funding at the current rate (+$5 a day). The two prices were read 55 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	0.002822	0.0100	pay 0.0050% / 4h	2h 38m	$109K	$56K	—
Short	Reya LINEARUSDPERP	0.002810	0.0275	get 0.0034% / 1h	38m 40s	$4K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now −0.393%Rate

Funding earned: $36.84
Price spread: −0.393% → 0.000%: −$39.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$8.42
Costs to cover: 0.060%
Break-even: 8.6 days

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; Reya: 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, 10 min ago	8.82 bp	doesn't fit	245.3 bp −$2,453	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.0100%	1h	0.002812	−0.345%	$88K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.409%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0064%	4h	0.002813	−0.302%	$214K	$29K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002817	−0.161%	$110K	$57K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002812	−0.341%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002811	−0.373%	$4.0M	$4.1M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002806	−0.551%	$2.8M	$886K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002804	−0.621%	$1.2M	$985K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002814	−0.267%	$228K	$80K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002811	−0.373%	$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	0.002815	−0.232%	$569K	$62K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002812	−0.338%	$1.0M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002809	−0.444%	—	$2.6M	—	as long as short
Variational Omni LINEAlong	+0.0100%	4h	0.002822	long leg	$109K	$56K	—
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002828	+0.230%	$139K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	−0.054%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002870	+1.718%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002808	−0.487%	$12K	$109K	10x	as long as short
Reya LINEARUSDPERPshort	+0.0275%	1h	0.002810	−0.393%	$4K	—	3x
Hyperliquid LINEA	+0.0295%	1h	0.002821	−0.019%	$2.7M	$287K	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0449% / S −0.0179%	1h	0.002812	−0.338%	$32K	—	100x	as long as short