Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0349%/8h= −38.3% APRpaid last 24h −0.105%

Price spread now: Bybit against GMX−0.177%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 Bybit

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 Bybit is 0.177% cheaper against GMX than usual: you would sell low and buy high (−$18 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]	0.002831	L +0.0449% / S −0.0179%	pay 0.0056% / 1h	57m 17s	$32K	—	100x
Short	Bybit LINEAUSDT	0.002826	0.0100	get 0.0050% / 4h	1h 57m	$2.9M	$903K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.177%Rate

Funding earned: −$73.36
Price spread: −0.177% → 0.000%: −$17.66
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$114.02
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	7.07 bp	43.6 bp −$44	369.5 bp −$3,695	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
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.742%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0046%	4h	0.002830	−0.035%	$212K	$30K	50x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002839	+0.283%	$2.7M	$323K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002831	−0.002%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002830	−0.050%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDTshort	+0.0100%	4h	0.002826	−0.177%	$2.9M	$903K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002828	−0.106%	$1.2M	$1.0M	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002832	+0.035%	$230K	$84K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002830	−0.035%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002832	+0.035%	$510K	$83K	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	0.002831	0.000%	$1.1M	$483K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002830	−0.035%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002829	−0.071%	$89K	$61K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002829	−0.054%	$109K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002833	+0.071%	$139K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002830	−0.035%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+2.084%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002830	−0.047%	$9K	$110K	10x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002830	−0.021%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]long	L +0.0449% / S −0.0179%	1h	0.002831	long leg	$32K	—	100x
Lighter LINEA	+0.0632%	1h	0.002840	+0.318%	$111K	$55K	3x	as long as short