Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.065%

Price spread now: Hyperliquid against Bybit+0.491%7-day average +0.381% · you sell dearer than you buy

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

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days−0.197%−$20 · spread now +0.491%, 7d avg +0.381%

Together, before fees−0.093%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.110% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.381%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINEAUSDT	0.002854	0.0100	pay 0.0050% / 4h	1h 39m	$2.9M	$802K	50x
Short	Hyperliquid LINEA	0.002868	0.0129	get 0.0016% / 1h	39m 43s	$2.7M	$254K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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 BybitbpFee HyperliquidbpOrdersPrice spread, now +0.491%Rate

Funding earned: $6.15
Price spread: +0.491% → +0.381%: $10.99
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$2.86
Costs to cover: 0.200%
Break-even: 10.3 days

Slippage unknown: Bybit: live order book, 3 min ago; Hyperliquid: live order book, 1 min ago. 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 Bybit live order book, 3 min ago	7.00 bp	44.2 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 1 min ago	1.74 bp	33.3 bp −$33	doesn't fit	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	−1.542%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0062%	4h	0.002855	+0.035%	$219K	$30K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002868	+0.491%	$114K	$56K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002860	+0.219%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002858	+0.129%	$4.1M	$3.7M	50x	as long as short
Bybit LINEAUSDTlong	+0.0100%	4h	0.002854	long leg	$2.9M	$802K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002854	0.000%	$1.2M	$928K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002860	+0.210%	$235K	$76K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002858	+0.140%	$3.9M	$1.0M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002861	+0.245%	$570K	$61K	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	0.002858	+0.140%	$1.1M	$471K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002857	+0.105%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002860	+0.214%	$90K	$61K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002854	+0.016%	$110K	$57K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002863	+0.314%	$148K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002860	+0.210%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002920	+2.313%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002854	+0.008%	$10K	$161K	10x	as long as short
Hyperliquid LINEAshort	+0.0129%	1h	0.002868	+0.491%	$2.7M	$254K	3x
Reya LINEARUSDPERP	+0.0273%	1h	0.002858	+0.136%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0454% / S −0.0181%	1h	0.002858	+0.140%	$32K	—	100x	as long as short