Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h +0.006%

Price spread now: BloFin against Lighter−0.140%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.140%, 7d avg −0.052%

Together, before fees+0.256%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.088% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LINEA	0.002858	0.0096	pay 0.0012% / 1h	18m 44s	$110K	$54K	3x
Short	BloFin LINEA-USDT	0.002854	0.0060	get 0.0030% / 4h	18m 44s	$218K	$16K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$7.58
Price spread: −0.140% → −0.052%: −$8.84
Slippage, 4 orders: −$116.83
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$145.25
Costs to cover: 1.288%
Break-even: never at this rate

Slippage from Lighter: live order book, 41 min ago; BloFin: live order book, 52 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 Lighter live order book, 41 min ago	34.99 bp	53.3 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 52 min ago	5.28 bp	20.9 bp −$21	48.2 bp −$482	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	−1.679%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDTshort	+0.0060%	4h	0.002854	−0.140%	$218K	$16K	50x
Lighter LINEAlong	+0.0096%	1h	0.002858	long leg	$110K	$54K	3x
Hyperliquid LINEA	+0.0100%	1h	0.002866	+0.280%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002859	+0.024%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002855	−0.092%	$4.1M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002855	−0.105%	$2.9M	$776K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002851	−0.245%	$1.2M	$934K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002854	−0.140%	$243K	$62K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002856	−0.070%	$3.9M	$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	0.002858	0.000%	$539K	$52K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002858	0.000%	$1.1M	$479K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002857	−0.035%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002859	+0.028%	$85K	$52K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002842	−0.556%	$113K	$59K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002842	−0.551%	$147K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002840	−0.630%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002920	+2.169%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002854	−0.124%	$12K	$177K	10x	as long as short
Reya LINEARUSDPERP	+0.0271%	1h	0.002856	−0.054%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0450% / S −0.0181%	1h	0.002859	+0.035%	$32K	—	100x	as long as short