Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.048%

Price spread now: BingX against Reya+0.035%7-day average — · you sell dearer than you buy

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

Long on Reya Short on BingX

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. BingX is 0.035% dearer against Reya than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINEARUSDPERP	0.002844	0.0270	pay 0.0034% / 1h	7m 29s	$4K	—	3x
Short	BingX LINEA-USDT	0.002845	0.0100	get 0.0050% / 4h	1h 07m	—	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Reya. 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 ReyabpFee BingXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$35.66
Price spread: +0.035% → 0.000%: $3.55
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$48.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 7 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 Reya no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	5.28 bp	21.8 bp −$22	54.9 bp −$549	464.0 bp −$46.4K	975.6 bp −$487.8K

Reya: 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	−1.195%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002846	+0.071%	$110K	$55K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002854	+0.352%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002844	+0.007%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002846	+0.072%	$4.1M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002840	−0.140%	$2.9M	$771K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002842	−0.070%	$1.2M	$932K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002845	+0.035%	$244K	$62K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002847	+0.106%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002847	+0.106%	$543K	$51K	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	0.002844	0.000%	$1.1M	$481K	50x	as long as short
BingX LINEA-USDTshort	+0.0100%	4h	0.002845	+0.035%	—	$2.6M	—
Backpack LINEA_USDC_PERP	+0.0100%	1h	0.002844	+0.004%	$85K	$51K	10x	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002839	−0.189%	$113K	$59K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002843	−0.028%	$144K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	+0.211%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002900	+1.969%	$2K	$1.4M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002841	−0.090%	$12K	$177K	10x	as long as short
BloFin LINEA-USDT	+0.0146%	4h	0.002844	0.000%	$217K	$16K	50x	as long as short
Reya LINEARUSDPERPlong	+0.0270%	1h	0.002844	long leg	$4K	—	3x
GMX LINEA/USD [ETH-USDC]	L +0.0449% / S −0.0181%	1h	0.002845	+0.035%	$32K	—	100x	as long as short