Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h +0.030%

Price spread now: GMX against Bybit−0.035%51s7-day average — · you buy dearer than you sell

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

Long on Bybit 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—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.035% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	Bybit LINEAUSDT	0.002834	0.0100	pay 0.0050% / 4h	3h 21m	$2.9M	$860K	50x
Short	GMX LINEA/USD [ETH-USDC]	0.002833	L +0.0179% / S +0.0152%	pay 0.0019% / 1h	21m 33s	$33K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$52.9
Price spread: −0.035% → 0.000%: −$3.53
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$79.42
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 6 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 Bybit live order book, 6 min ago	5.27 bp	42.0 bp −$42	279.6 bp −$2,796	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	−0.0029%	1h	0.002834	−0.011%	$89K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.847%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002848	+0.494%	$112K	$56K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002840	+0.196%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002840	+0.196%	$4.1M	$4.1M	50x	as long as short
Bybit LINEAUSDTlong	+0.0100%	4h	0.002834	long leg	$2.9M	$860K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002836	+0.071%	$1.2M	$977K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002838	+0.141%	$231K	$79K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002838	+0.141%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002838	+0.141%	$566K	$60K	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	0.002838	+0.141%	$1.1M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002838	+0.141%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002843	+0.334%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002850	+0.581%	$149K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	+0.565%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+1.976%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002839	+0.167%	$9K	$167K	10x	as long as short
BloFin LINEA-USDT	+0.0111%	4h	0.002848	+0.494%	$217K	$30K	50x	as long as short
GMX LINEA/USD [ETH-USDC]short	L +0.0179% / S +0.0152%	1h	0.002833	−0.035%	$33K	—	100x
Reya LINEARUSDPERP	+0.0275%	1h	0.002839	+0.190%	$4K	—	3x	as long as short
Hyperliquid LINEA	+0.0677%	1h	0.002849	+0.529%	$2.7M	$283K	3x	as long as short