Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.090%

Price spread now: BloFin against GMX+0.141%51s7-day average — · you sell dearer than you buy

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

Long on GMX Short on BloFin

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

The price spread pays, funding is against you. BloFin is 0.141% dearer against GMX than usual: you sell high and buy low (spread +0.141% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.5 days. The two prices were read 51 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]	0.002844	L +0.0179% / S +0.0152%	pay 0.0022% / 1h	20m 23s	$33K	—	100x
Short	BloFin LINEA-USDT	0.002848	0.0075	get 0.0037% / 4h	3h 20m	$217K	$30K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$21.81
Price spread: +0.141% → 0.000%: $14.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$31.74
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 71 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 BloFin live order book, 71 min ago	3.49 bp	21.5 bp −$21	42.2 bp −$422	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
Backpack LINEA_USDC_PERP	−0.0038%	1h	0.002841	−0.123%	$89K	$61K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.195%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDTshort	+0.0075%	4h	0.002848	+0.141%	$217K	$30K	50x
Lighter LINEA	+0.0096%	1h	0.002850	+0.211%	$112K	$56K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002845	+0.034%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002846	+0.055%	$4.1M	$4.1M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002842	−0.070%	$2.9M	$860K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002840	−0.141%	$1.2M	$977K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002840	−0.141%	$231K	$79K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002845	+0.035%	$4.0M	$1.1M	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	0.002844	0.000%	$567K	$61K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002845	+0.035%	$1.1M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002844	0.000%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002837	−0.246%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002850	+0.228%	$149K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	+0.211%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002900	+1.969%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002845	+0.026%	$9K	$167K	10x	as long as short
GMX LINEA/USD [ETH-USDC]long	L +0.0179% / S +0.0152%	1h	0.002844	long leg	$33K	—	100x
Reya LINEARUSDPERP	+0.0275%	1h	0.002844	+0.015%	$4K	—	3x	as long as short
Hyperliquid LINEA	+0.0670%	1h	0.002853	+0.316%	$2.7M	$283K	3x	as long as short