Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0081%/8hpaid last 24h +0.020%

Price spread now: GMX against SunX−1.875%7-day average — · you buy dearer than you sell

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

Long on SunX Short on GMX

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

Funding pays, the price is against you. GMX is 1.875% cheaper against SunX than usual: you would sell low and buy high (spread −1.875% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$188 on $10k: about 3 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINEA-USDT	0.002880	0.0100	pay 0.0050% / 4h	5m 06s	$1K	$1.4M	20x
Short	GMX LINEA/USD [ETH-USDC]	0.002826	L +0.0449% / S −0.0181%	get 0.0023% / 1h	5m 06s	$32K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now −1.875%Rate

Funding earned: $17.05
Price spread: −1.875% → 0.000%: −$187.5
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$190.45
Costs to cover: 0.200%
Break-even: 85.2 days

Slippage unknown: SunX: live order book, 4 min ago; GMX: no order-book sample. 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 SunX live order book, 4 min ago	276.82 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Bybit LINEAUSDT	−0.0192%	4h	0.002822	−2.014%	$2.8M	$844K	50x	as long as short
Injective LINEA/USDC PERP	−0.0165%	1h	0.002810	−2.431%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0079%	4h	0.002824	−1.944%	$221K	$12K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002831	−1.701%	$110K	$60K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002831	−1.701%	$2.7M	$247K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002825	−1.924%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002821	−2.045%	$4.0M	$3.6M	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002819	−2.118%	$1.2M	$952K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002826	−1.875%	$236K	$57K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002822	−2.014%	$3.8M	$927K	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	0.002828	−1.806%	$541K	$51K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002824	−1.944%	$1.1M	$476K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002822	−2.014%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002826	−1.885%	$84K	$54K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002820	−2.084%	$112K	$60K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002825	−1.901%	$145K	$2.1M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002830	−1.736%	$2K	$19K	50x	as long as short
SunX LINEA-USDTlong	+0.0100%	4h	0.002880	long leg	$1K	$1.4M	20x
Extended LINEA-USD	+0.0104%	1h	0.002821	−2.037%	$12K	$183K	10x	as long as short
Reya LINEARUSDPERP	+0.0267%	1h	0.002821	−2.036%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]short	L +0.0449% / S −0.0181%	1h	0.002826	−1.875%	$32K	—	100x