Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.031%

Price spread now: Bybit against Lighter−0.176%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1761.758% of the position

Long on Lighter Short on Bybit

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)+0.066%+$7 · spread now −0.176%, 7d avg −0.146%

Together, before fees+0.079%+ Points / potential airdropLighter: Season 3 · farm board+$8 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: Bybit is 0.030% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINEA	0.002842	0.0096	pay 0.0012% / 1h	22m 57s	$110K	$54K	3x
Short	Bybit LINEAUSDT	0.002837	0.0100	get 0.0050% / 4h	22m 57s	$2.9M	$774K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.176%Rate

Funding earned: $0.84
Price spread: −0.176% → −0.146%: −$3
Slippage, 4 orders: −$164.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$177.92
Costs to cover: 1.758%
Break-even: 1489.6 days

Slippage from Lighter: live order book, 37 min ago; Bybit: live order book, 4 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, 37 min ago	34.99 bp	53.3 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.30 bp	38.5 bp −$38	207.7 bp −$2,077	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
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.126%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0096%	4h	0.002834	−0.281%	$217K	$16K	50x	as long as short
Lighter LINEAlong	+0.0096%	1h	0.002842	long leg	$110K	$54K	3x
Hyperliquid LINEA	+0.0100%	1h	0.002852	+0.352%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002841	−0.046%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002845	+0.091%	$4.1M	$3.6M	50x	as long as short
Bybit LINEAUSDTshort	+0.0100%	4h	0.002837	−0.176%	$2.9M	$774K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002839	−0.106%	$1.2M	$927K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002843	+0.035%	$242K	$62K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002844	+0.070%	$3.9M	$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	0.002843	+0.035%	$542K	$51K	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	0.002843	+0.035%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002844	+0.053%	$84K	$52K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002831	−0.399%	$113K	$59K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002839	−0.106%	$147K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002830	−0.422%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+1.689%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002842	+0.017%	$12K	$177K	10x	as long as short
Reya LINEARUSDPERP	+0.0270%	1h	0.002832	−0.353%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0449% / S −0.0181%	1h	0.002834	−0.281%	$32K	—	100x	as long as short