Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.020%

Price spread now: GMX against Variational Omni+0.222%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on GMX

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.222% dearer against Variational Omni than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINEA	0.002769	0.0096	pay 0.0048% / 4h	1h 28m	$108K	$50K	—
Short	GMX LINEA/USD [ETH-USDC]	0.002775	L +0.0443% / S −0.0179%	get 0.0022% / 1h	28m 46s	$31K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.222%Rate

Funding earned: $17.46
Price spread: +0.222% → 0.000%: $22.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $27.67
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 18 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 Variational Omni RFQ quote, 18 min ago	10.75 bp	doesn't fit	207.8 bp −$2,078	doesn't fit	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 exchanges

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	−0.0722%	1h	0.002776	+0.240%	$88K	$63K	10x	as long as short
Bybit LINEAUSDT	−0.0247%	4h	0.002770	+0.042%	$2.8M	$1.1M	50x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	+1.486%	$734	$39K	5.5x	as long as short
Variational Omni LINEAlong	+0.0096%	4h	0.002769	long leg	$108K	$50K	—
Lighter LINEA	+0.0096%	1h	0.002774	+0.186%	$110K	$62K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002782	+0.475%	$2.6M	$306K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002774	+0.180%	$19K	$3K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002774	+0.186%	$3.9M	$4.1M	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002770	+0.042%	$1.2M	$985K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002775	+0.222%	$225K	$87K	50x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC LINEA_USDT	+0.0100%	4h	0.002773	+0.150%	$4.0M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002774	+0.186%	$493K	$73K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002775	+0.222%	$1.0M	$383K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002774	+0.186%	—	$2.5M	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002776	+0.258%	$143K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002770	+0.042%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002830	+2.209%	$1K	$1.8M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002773	+0.135%	$9K	$217K	10x	as long as short
BloFin LINEA-USDT	+0.0140%	4h	0.002775	+0.222%	$208K	$32K	50x	as long as short
Reya LINEARUSDPERP	+0.0280%	1h	0.002771	+0.085%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]short	L +0.0443% / S −0.0179%	1h	0.002775	+0.222%	$31K	—	100x