Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Lighter−0.385%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.356%+$36 · spread now −0.385%, 7d avg −0.042%

Together, before fees+0.388%+ Points / potential airdropLighter: Season 3 · farm board+$39 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: MEXC is 0.343% cheaper against Lighter than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINEA	0.002858	0.0096	pay 0.0012% / 1h	1m 04s	$110K	$52K	3x
Short	MEXC LINEA_USDT	0.002847	0.0100	get 0.0050% / 4h	3h 01m	$3.9M	$1.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.385%Rate

Funding earned: $0.84
Price spread: −0.385% → −0.042%: −$34.33
Slippage, 4 orders: −$58.82
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$96.31
Costs to cover: 0.628%
Break-even: 809.6 days

Slippage from Lighter: live order book, 53 min ago; MEXC: live order book, 1 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, 53 min ago	13.95 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	7.01 bp	11.6 bp −$12	27.9 bp −$279	147.2 bp −$14.7K	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	−1.679%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0046%	4h	0.002855	−0.105%	$218K	$15K	50x	as long as short
Lighter LINEAlong	+0.0096%	1h	0.002858	long leg	$110K	$52K	3x
Aster LINEAUSDT	+0.0100%	4h	0.002850	−0.291%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002847	−0.393%	$4.1M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002848	−0.350%	$2.9M	$785K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002843	−0.525%	$1.2M	$933K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002852	−0.210%	$239K	$70K	50x	as long as short
MEXC LINEA_USDTshort	+0.0100%	4h	0.002847	−0.385%	$3.9M	$1.1M	100x
KuCoin LINEAUSDTM	+0.0100%	4h	0.002854	−0.140%	$569K	$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	0.002850	−0.280%	$1.1M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002847	−0.385%	—	$2.7M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002844	−0.490%	$112K	$62K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002870	+0.415%	$144K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	−0.280%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002910	+1.819%	$1K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002847	−0.376%	$9K	$155K	10x	as long as short
Backpack LINEA_USDC_PERP	+0.0216%	1h	0.002849	−0.325%	$85K	$53K	10x	as long as short
Hyperliquid LINEA	+0.0225%	1h	0.002858	0.000%	$2.7M	$255K	3x	as long as short
Reya LINEARUSDPERP	+0.0272%	1h	0.002850	−0.265%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0451% / S −0.0181%	1h	0.002851	−0.245%	$32K	—	100x	as long as short