Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0353%/8h= −38.6% APRpaid last 24h −0.094%

Price spread now: BingX against GMX−0.035%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BingX

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 −$11 a day on $10k at the current rate, and BingX is 0.035% cheaper against GMX 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINEA/USD [ETH-USDC]	0.002850	L +0.0453% / S −0.0181%	pay 0.0057% / 1h	54m 59s	$32K	—	100x
Short	BingX LINEA-USDT	0.002849	0.0100	get 0.0050% / 4h	1h 54m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$74.1
Price spread: −0.035% → 0.000%: −$3.51
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$99.61
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 10 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	5.25 bp	21.7 bp −$22	50.9 bp −$509	417.8 bp −$41.8K	933.6 bp −$466.8K

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 20 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
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.404%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002861	+0.386%	$113K	$56K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002853	+0.089%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002852	+0.070%	$4.1M	$3.7M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002848	−0.070%	$2.9M	$797K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002847	−0.105%	$1.2M	$922K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002853	+0.105%	$235K	$76K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002851	+0.035%	$3.9M	$1.0M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002853	+0.105%	$569K	$61K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002852	+0.070%	$1.1M	$475K	50x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LINEA-USDTshort	+0.0100%	4h	0.002849	−0.035%	—	$2.7M	—
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002852	+0.056%	$90K	$61K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002857	+0.247%	$112K	$54K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002850	0.000%	$147K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	0.000%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002910	+2.105%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002850	+0.011%	$10K	$159K	10x	as long as short
Hyperliquid LINEA	+0.0121%	1h	0.002861	+0.386%	$2.7M	$255K	3x	as long as short
Reya LINEARUSDPERP	+0.0273%	1h	0.002851	+0.050%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]long	L +0.0453% / S −0.0181%	1h	0.002850	long leg	$32K	—	100x