Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter−0.248%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$890.889% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.248%, 7d avg −0.060%

Together, before fees+0.239%+ Points / potential airdropLighter: Season 3 · farm board+$24 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: Binance is 0.189% cheaper against Lighter than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINEA	0.002818	0.0096	pay 0.0012% / 1h	30m 28s	$110K	$57K	3x
Short	Binance LINEAUSDT	0.002811	0.0100	get 0.0050% / 4h	2h 30m	$4.0M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.248%Rate

Funding earned: $0.84
Price spread: −0.248% → −0.060%: −$18.86
Slippage, 4 orders: −$78.92
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.94
Costs to cover: 0.889%
Break-even: 898.2 days

Slippage from Lighter: live order book, 64 min ago; Binance: live order book, 6 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 Lighter live order book, 64 min ago	10.52 bp	27.5 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	3.55 bp	27.4 bp −$27	80.3 bp −$803	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	−0.0193%	1h	0.002812	−0.199%	$88K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.284%	$734	$39K	5.5x	as long as short
Lighter LINEAlong	+0.0096%	1h	0.002818	long leg	$110K	$57K	3x
Aster LINEAUSDT	+0.0100%	4h	0.002816	−0.085%	$20K	$2K	5x	as long as short
Binance LINEAUSDTshort	+0.0100%	4h	0.002811	−0.248%	$4.0M	$4.2M	50x
Bybit LINEAUSDT	+0.0100%	4h	0.002810	−0.284%	$2.8M	$887K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002809	−0.319%	$1.2M	$987K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002815	−0.106%	$228K	$82K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002811	−0.248%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002816	−0.071%	$527K	$78K	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	0.002815	−0.106%	$1.0M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002810	−0.284%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002808	−0.353%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002816	−0.072%	$139K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	+0.071%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002870	+1.845%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002809	−0.311%	$12K	$109K	10x	as long as short
BloFin LINEA-USDT	+0.0148%	4h	0.002812	−0.213%	$214K	$29K	50x	as long as short
Hyperliquid LINEA	+0.0201%	1h	0.002820	+0.071%	$2.7M	$289K	3x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002811	−0.250%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0449% / S −0.0179%	1h	0.002812	−0.213%	$32K	—	100x	as long as short