Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%

Price spread now: Lighter against Bybit+0.281%7-day average +0.160% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1221.222% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.281%, 7d avg +0.160%

Together, before fees−0.196%+ Points / potential airdropLighter: Season 3 · farm board−$20 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 0.121% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.160%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINEAUSDT	0.002842	0.0100	pay 0.0050% / 4h	3h 20m	$2.9M	$860K	50x
Short	Lighter LINEA	0.002850	0.0096	get 0.0012% / 1h	20m 24s	$112K	$56K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.281%Rate

Funding earned: −$0.84
Price spread: +0.281% → +0.160%: $12.11
Slippage, 4 orders: −$111.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$110.95
Costs to cover: 1.222%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 14 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 Bybit live order book, 2 min ago	3.53 bp	41.4 bp −$41	231.3 bp −$2,313	doesn't fit	doesn't fit
Sell Lighter live order book, 14 min ago	10.52 bp	13.7 bp −$14	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	−0.0038%	1h	0.002841	−0.053%	$89K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.126%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0075%	4h	0.002848	+0.211%	$217K	$30K	50x	as long as short
Lighter LINEAshort	+0.0096%	1h	0.002850	+0.281%	$112K	$56K	3x
Aster LINEAUSDT	+0.0100%	4h	0.002845	+0.105%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002846	+0.125%	$4.1M	$4.1M	50x	as long as short
Bybit LINEAUSDTlong	+0.0100%	4h	0.002842	long leg	$2.9M	$860K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002840	−0.070%	$1.2M	$977K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002840	−0.070%	$231K	$79K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002845	+0.106%	$4.0M	$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	0.002844	+0.070%	$567K	$61K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002845	+0.106%	$1.1M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002844	+0.070%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002837	−0.176%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002850	+0.298%	$149K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	+0.281%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002900	+2.041%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002845	+0.096%	$9K	$167K	10x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0179% / S +0.0152%	1h	0.002844	+0.070%	$33K	—	100x	as long as short
Reya LINEARUSDPERP	+0.0275%	1h	0.002844	+0.085%	$4K	—	3x	as long as short
Hyperliquid LINEA	+0.0670%	1h	0.002853	+0.387%	$2.7M	$283K	3x	as long as short