Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.065%

Price spread now: Bybit against Reya+0.021%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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. Bybit is 0.021% dearer against Reya than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LINEARUSDPERP	0.002805	0.0278	pay 0.0035% / 1h	32m 06s	$4K	—	3x
Short	Bybit LINEAUSDT	0.002806	0.0100	get 0.0050% / 4h	3h 32m	$2.8M	$873K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$37.41
Price spread: +0.021% → 0.000%: $2.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$52.29
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Reya: 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 Reya no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	5.34 bp	46.6 bp −$47	204.5 bp −$2,045	doesn't fit	doesn't fit

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
Backpack LINEA_USDC_PERP	+0.0008%	1h	0.002807	+0.046%	$87K	$64K	10x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	+0.164%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0044%	4h	0.002816	+0.378%	$210K	$30K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002813	+0.271%	$110K	$46K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002808	+0.095%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002806	+0.021%	$4.0M	$4.0M	50x	as long as short
Bybit LINEAUSDTshort	+0.0100%	4h	0.002806	+0.021%	$2.8M	$873K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002804	−0.050%	$1.2M	$983K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002811	+0.199%	$227K	$78K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002807	+0.057%	$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	0.002810	+0.164%	$499K	$74K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002809	+0.128%	$1.0M	$450K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002807	+0.057%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002809	+0.129%	$109K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002817	+0.411%	$145K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002810	+0.164%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002860	+1.946%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002806	+0.013%	$11K	$218K	10x	as long as short
Hyperliquid LINEA	+0.0208%	1h	0.002816	+0.378%	$2.7M	$309K	3x	as long as short
Reya LINEARUSDPERPlong	+0.0278%	1h	0.002805	long leg	$4K	—	3x
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0179%	1h	0.002807	+0.057%	$32K	—	100x	as long as short