Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0079%/8h= −8.6% APRpaid last 24h −0.091%

Price spread now: Variational Omni against GMX−0.159%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 Variational Omni

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.159% cheaper against GMX than usual: you would sell low and buy high (−$16 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]	0.002848	L +0.0179% / S +0.0152%	pay 0.0022% / 1h	24m 45s	$33K	—	100x
Short	Variational Omni LINEA	0.002843	0.0100	get 0.0050% / 4h	3h 24m	$109K	$55K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.159%Rate

Funding earned: −$16.58
Price spread: −0.159% → 0.000%: −$15.89
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$44.48
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 29 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 Variational Omni RFQ quote, 29 min ago	12.27 bp	doesn't fit	352.3 bp −$3,523	doesn't fit	doesn't fit

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	+0.0014%	1h	0.002848	−0.004%	$89K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.334%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002857	+0.316%	$112K	$56K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002848	+0.005%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002847	−0.035%	$4.1M	$4.0M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002843	−0.176%	$2.9M	$852K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002844	−0.140%	$1.2M	$972K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002851	+0.105%	$234K	$78K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002847	−0.035%	$4.0M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002849	+0.035%	$568K	$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	0.002849	+0.035%	$1.1M	$472K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002847	−0.035%	—	$2.6M	—	as long as short
Variational Omni LINEAshort	+0.0100%	4h	0.002843	−0.159%	$109K	$55K	—
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002851	+0.105%	$149K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002840	−0.281%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002910	+2.177%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002846	−0.081%	$13K	$163K	10x	as long as short
BloFin LINEA-USDT	+0.0126%	4h	0.002849	+0.035%	$217K	$30K	50x	as long as short
GMX LINEA/USD [ETH-USDC]long	L +0.0179% / S +0.0152%	1h	0.002848	long leg	$33K	—	100x
Reya LINEARUSDPERP	+0.0275%	1h	0.002849	+0.047%	$4K	—	3x	as long as short
Hyperliquid LINEA	+0.0683%	1h	0.002856	+0.281%	$2.8M	$281K	3x	as long as short