Settings8H · net · $10k
Funding arb · Price arb /

LINEA

all LINEA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.051%
Price spread now: Hyperliquid against SunX−1.753%7-day average −1.728% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.055%+$6 on $10k
Price spread, last 4 days (all we have)−0.047%−$5 · spread now −1.753%, 7d avg −1.728%
Together, before fees+0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.025% cheaper against SunX than usual: you would sell low and buy high (spread −1.753% now, against its 7-day average of −1.728%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.055% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX LINEA-USDT0.0029100.0100pay 0.0050% / 4h49m 59s$1K$1.6M20x
ShortHyperliquid LINEA0.0028590.0373get 0.0047% / 1h49m 59s$2.8M$277K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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

Funding earned
$57.31
Price spread: −1.753% → −1.728%
−$2.5
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$37.8
Costs to cover
0.170%
Break-even
2.4 days
Slippage unknown: SunX: live order book, 5 min ago; Hyperliquid: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago273.04 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 1 min ago1.75 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

LINEA on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective LINEA/USDC PERP+0.0033%1h0.002810−3.436%$734$39K5.5xas long as short
Aster LINEAUSDT+0.0100%4h0.002851−2.033%$20K$135xas long as short
Binance LINEAUSDT+0.0100%4h0.002847−2.148%$4.1M$3.8M50xas long as short
Bybit LINEAUSDT+0.0100%4h0.002844−2.268%$2.9M$830K50xas long as short
OKX LINEA-USDT-SWAP+0.0100%4h0.002843−2.302%$1.2M$954K50xas long as short
Gate LINEA_USDT+0.0100%4h0.002854−1.924%$235K$76K50xas long as short
MEXC LINEA_USDT+0.0100%4h0.002849−2.096%$3.9M$1.1M100xas long as short
KuCoin LINEAUSDTM+0.0100%4h0.002853−1.959%$569K$61K50xas long as short
Bitget LINEAUSDT+0.0100%4h0.002852−1.993%$1.1M$467K50xas long as short
BingX LINEA-USDT+0.0100%4h0.002846−2.199%$2.7Mas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack LINEA_USDC_PERP+0.0100%1h0.002850−2.076%$89K$61K10xas long as short
Variational Omni LINEA+0.0100%4h0.002847−2.165%$110K$56Kas long as short
GRVT LINEA_USDT_Perp+0.0100%4h0.002859−1.753%$140K$2.3M10xas long as short
ApeX Omni LINEAUSDT+0.0100%1h0.002850−2.062%$2K$20K50xas long as short
SunX LINEA-USDTlong+0.0100%4h0.002910long leg$1K$1.6M20x
Extended LINEA-USD+0.0104%1h0.002848−2.122%$10K$160K10xas long as short
BloFin LINEA-USDT+0.0107%4h0.002854−1.924%$220K$30K50xas long as short
Reya LINEARUSDPERP+0.0274%1h0.002849−2.099%$4K3xas long as short
Lighter LINEA+0.0336%1h0.002855−1.890%$112K$56K3xas long as short
Hyperliquid LINEAshort+0.0373%1h0.002859−1.753%$2.8M$277K3x
GMX LINEA/USD [ETH-USDC]L +0.0453% / S −0.0181%1h0.002850−2.062%$32K100xas long as short