Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.102%

Price spread now: Binance against GMX−0.496%50s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Binance

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—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Binance is 0.496% cheaper against GMX than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINEA/USD [ETH-USDC]	0.002822	L +0.0447% / S −0.0179%	pay 0.0056% / 1h	55m 35s	$32K	—	100x
Short	Binance LINEAUSDT	0.002808	0.0100	get 0.0050% / 4h	2h 55m	$4.0M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now −0.496%Rate

Funding earned: −$72.93
Price spread: −0.496% → 0.000%: −$49.61
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$144.54
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 11 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	1.77 bp	26.7 bp −$27	84.6 bp −$846	doesn't fit	doesn't fit

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	−0.0672%	4h	0.002803	−0.673%	$2.8M	$1.1M	50x	as long as short
Backpack LINEA_USDC_PERP	−0.0308%	1h	0.002822	−0.014%	$88K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.425%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0044%	4h	0.002830	+0.283%	$211K	$30K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002826	+0.142%	$111K	$46K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002817	−0.177%	$2.7M	$312K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002812	−0.355%	$20K	$3K	5x	as long as short
Binance LINEAUSDTshort	+0.0100%	4h	0.002808	−0.496%	$4.0M	$4.0M	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002806	−0.567%	$1.2M	$991K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002816	−0.213%	$230K	$80K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC LINEA_USDT	+0.0100%	4h	0.002811	−0.390%	$4.0M	$1.0M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002820	−0.071%	$501K	$73K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002811	−0.390%	$1.0M	$426K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002811	−0.390%	—	$2.5M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002815	−0.232%	$109K	$48K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002830	+0.268%	$145K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002830	+0.283%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002880	+2.055%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002810	−0.437%	$9K	$220K	10x	as long as short
Reya LINEARUSDPERP	+0.0279%	1h	0.002807	−0.522%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]long	L +0.0447% / S −0.0179%	1h	0.002822	long leg	$32K	—	100x