LINEA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0451%/8h= −49.4% APRnext payment −$2.25 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Gate−0.322%7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$683as in the Funding arb table

Net, price: spread back to 7d avg − costs−$697as in the Price arb table

costs, in and out, $10k−$6816.815% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.322%, 7d avg −0.167%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.155% cheaper against Gate than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.167%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.25 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINEA_USDT	0.002793	0.0100	pay 0.0050% / 4h	10m 30s	$229K	$85K	50x
Short	Bybit LINEAUSDT	0.002784	−0.0351	pay 0.0175% / 4h	10m 30s	$2.8M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.322%Rate

Funding earned: −$94.69
Price spread: −0.322% → −0.167%: −$15.52
Slippage, 4 orders: −$655.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$791.7
Costs to cover: 6.815%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; Bybit: live order book, 5 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 Gate live order book, 24 min ago	14.34 bp	241.8 bp −$242	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	5.39 bp	47.1 bp −$47	201.0 bp −$2,010	doesn't fit	doesn't fit

LINEA on 21 exchanges

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
Bybit LINEAUSDTshort	−0.0351%	4h	0.002784	−0.322%	$2.8M	$1.1M	50x
Variational Omni LINEA	−0.0202%	4h	0.002784	−0.332%	$108K	$49K	—	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	+0.609%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0096%	4h	0.002791	−0.072%	$204K	$32K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002799	+0.215%	$123K	$77K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002799	+0.215%	$2.7M	$265K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002791	−0.087%	$19K	$3K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002790	−0.107%	$3.9M	$4.1M	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002785	−0.286%	$1.2M	$1.0M	50x	as long as short
Gate LINEA_USDTlong	+0.0100%	4h	0.002793	long leg	$229K	$85K	50x

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC LINEA_USDT	+0.0100%	4h	0.002789	−0.143%	$4.0M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002791	−0.072%	$496K	$71K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002792	−0.036%	$1.0M	$383K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002789	−0.143%	—	$2.5M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002791	−0.072%	$87K	$42K	10x	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002789	−0.129%	$143K	$2.1M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002790	−0.107%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002850	+2.041%	$2K	$1.8M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002787	−0.214%	$10K	$224K	10x	as long as short
Reya LINEARUSDPERP	+0.0281%	1h	0.002788	−0.193%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0444% / S −0.0179%	1h	0.002791	−0.072%	$31K	—	100x	as long as short