Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: Lighter against KuCoin−0.105%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$528as in the Funding arb table

Net, price: spread back to 7d avg − costs−$531as in the Price arb table

costs, in and out, $10k−$5225.216% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.105%, 7d avg −0.010%

Together, before fees+0.115%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.096% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINEAUSDTM	0.002846	0.0100	pay 0.0050% / 4h	41m 16s	$543K	$51K	50x
Short	Lighter LINEA	0.002843	0.0096	get 0.0012% / 1h	41m 16s	$110K	$54K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$0.84
Price spread: −0.105% → −0.010%: −$9.57
Slippage, 4 orders: −$509.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$531.99
Costs to cover: 5.216%
Break-even: never at this rate

Slippage from KuCoin: live order book, 22 min ago; Lighter: live order book, 18 min ago.

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 KuCoin live order book, 22 min ago	26.30 bp	152.9 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 18 min ago	34.99 bp	42.1 bp −$42	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	−1.265%	$734	$39K	5.5x	as long as short
Lighter LINEAshort	+0.0096%	1h	0.002843	−0.105%	$110K	$54K	3x
Hyperliquid LINEA	+0.0100%	1h	0.002848	+0.070%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002840	−0.204%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002840	−0.211%	$4.1M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002836	−0.351%	$2.9M	$774K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002836	−0.351%	$1.2M	$949K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002845	−0.035%	$244K	$60K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002840	−0.211%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTMlong	+0.0100%	4h	0.002846	long leg	$543K	$51K	50x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget LINEAUSDT	+0.0100%	4h	0.002841	−0.176%	$1.1M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002838	−0.281%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002840	−0.197%	$84K	$52K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002844	−0.065%	$113K	$59K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002848	+0.069%	$147K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	+0.141%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002900	+1.897%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002838	−0.281%	$12K	$177K	10x	as long as short
BloFin LINEA-USDT	+0.0130%	4h	0.002845	−0.035%	$217K	$16K	50x	as long as short
Reya LINEARUSDPERP	+0.0270%	1h	0.002838	−0.298%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0181%	1h	0.002840	−0.211%	$32K	—	100x	as long as short