Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.051%

Price spread now: Reya against Variational Omni−0.164%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.164% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.164% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 3.0 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINEA	0.002807	0.0100	pay 0.0050% / 4h	1h 51m	$108K	$48K	—
Short	Reya LINEARUSDPERP	0.002802	0.0280	get 0.0035% / 1h	51m 10s	$4K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ReyabpOrdersPrice spread, now −0.164%Rate

Funding earned: $37.72
Price spread: −0.164% → 0.000%: −$16.37
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $15.35
Costs to cover: 0.060%
Break-even: 4.2 days

Slippage unknown: Variational Omni: RFQ quote, 60 min ago; Reya: 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 Variational Omni RFQ quote, 60 min ago	10.74 bp	doesn't fit	121.8 bp −$1,218	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 exchanges

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	−0.0503%	1h	0.002803	−0.124%	$88K	$61K	10x	as long as short
Bybit LINEAUSDT	−0.0366%	4h	0.002799	−0.277%	$2.8M	$1.1M	50x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	+0.115%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0059%	4h	0.002803	−0.135%	$209K	$30K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002809	+0.079%	$110K	$47K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002812	+0.186%	$2.7M	$295K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002804	−0.087%	$20K	$3K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002802	−0.170%	$4.0M	$3.9M	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002799	−0.277%	$1.2M	$967K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002808	+0.043%	$230K	$80K	50x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC LINEA_USDT	+0.0100%	4h	0.002802	−0.170%	$4.0M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002806	−0.028%	$499K	$73K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002807	+0.008%	$1.0M	$380K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002801	−0.206%	—	$2.5M	—	as long as short
Variational Omni LINEAlong	+0.0100%	4h	0.002807	long leg	$108K	$48K	—
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002811	+0.147%	$144K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002800	−0.242%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002860	+1.896%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002802	−0.186%	$12K	$216K	10x	as long as short
Reya LINEARUSDPERPshort	+0.0280%	1h	0.002802	−0.164%	$4K	—	3x
GMX LINEA/USD [ETH-USDC]	L +0.0445% / S −0.0179%	1h	0.002804	−0.099%	$32K	—	100x	as long as short