Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0349%/8h= −38.2% APRpaid last 24h −0.091%

Price spread now: BingX against GMX−0.036%7-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 BingX

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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and BingX is 0.036% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LINEA/USD [ETH-USDC]	0.002812	L +0.0449% / S −0.0179%	pay 0.0056% / 1h	31m 24s	$32K	—	100x
Short	BingX LINEA-USDT	0.002811	0.0100	get 0.0050% / 4h	2h 31m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$73.24
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$98.79
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 3 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 BingX live order book, 3 min ago	7.11 bp	29.3 bp −$29	79.9 bp −$799	565.9 bp −$56.6K	1048.4 bp −$524.2K

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
Backpack LINEA_USDC_PERP	−0.0187%	1h	0.002813	+0.050%	$88K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.071%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002817	+0.178%	$110K	$57K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002816	+0.134%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002810	−0.063%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002808	−0.142%	$2.8M	$887K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002809	−0.107%	$1.2M	$987K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002816	+0.142%	$229K	$81K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002811	−0.036%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002812	0.000%	$526K	$78K	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	0.002815	+0.107%	$1.0M	$478K	50x	as long as short
BingX LINEA-USDTshort	+0.0100%	4h	0.002811	−0.036%	—	$2.6M	—
Variational Omni LINEA	+0.0100%	4h	0.002816	+0.145%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002816	+0.141%	$139K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	+0.284%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002870	+2.063%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002809	−0.098%	$12K	$109K	10x	as long as short
BloFin LINEA-USDT	+0.0127%	4h	0.002822	+0.356%	$215K	$29K	50x	as long as short
Hyperliquid LINEA	+0.0213%	1h	0.002820	+0.284%	$2.7M	$288K	3x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002810	−0.073%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]long	L +0.0449% / S −0.0179%	1h	0.002812	long leg	$32K	—	100x