Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.020%

Price spread now: GMX against MEXC−0.070%58s7-day average — · you buy dearer than you sell

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

Long on MEXC Short on GMX

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

Funding pays, the price is against you. GMX is 0.070% cheaper against MEXC than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.9 days of funding at the current rate (+$2 a day). The two prices were read 58 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	MEXC LINEA_USDT	0.002874	0.0100	pay 0.0050% / 4h	1h 30m	$3.9M	$1.0M	100x
Short	GMX LINEA/USD [ETH-USDC]	0.002872	L +0.0454% / S −0.0181%	get 0.0023% / 1h	30m 28s	$32K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $17.05
Price spread: −0.070% → 0.000%: −$6.96
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5.91
Costs to cover: 0.160%
Break-even: 9.4 days

Slippage unknown: MEXC: live order book, 2 min ago; GMX: no order-book sample. 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 MEXC live order book, 2 min ago	1.74 bp	6.4 bp −$6	30.6 bp −$306	203.2 bp −$20.3K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−2.227%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002885	+0.383%	$114K	$56K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002885	+0.383%	$2.8M	$255K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002876	+0.057%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002873	−0.031%	$4.2M	$3.7M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002870	−0.139%	$2.9M	$828K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002869	−0.174%	$1.2M	$944K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002873	−0.035%	$236K	$76K	50x	as long as short
MEXC LINEA_USDTlong	+0.0100%	4h	0.002874	long leg	$3.9M	$1.0M	100x
KuCoin LINEAUSDTM	+0.0100%	4h	0.002875	+0.035%	$573K	$61K	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	0.002875	+0.035%	$1.1M	$472K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002871	−0.104%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002874	−0.003%	$90K	$61K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002868	−0.212%	$110K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002863	−0.383%	$148K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002860	−0.487%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002930	+1.949%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002872	−0.081%	$10K	$161K	10x	as long as short
BloFin LINEA-USDT	+0.0107%	4h	0.002871	−0.104%	$220K	$30K	50x	as long as short
Reya LINEARUSDPERP	+0.0273%	1h	0.002873	−0.022%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]short	L +0.0454% / S −0.0181%	1h	0.002872	−0.070%	$32K	—	100x