Funding you earn now, next payment 00:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.028%
Price spread now: BloFin against Backpack−0.116%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.357%+$36 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.116% cheaper against Backpack than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.357%, so the current rate has only just turned against you. The two prices were read 54 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 | Backpack LINEA_USDC_PERP | 0.002837 | 0.0100 | pay 0.0013% / 1h | 33m 20s | $84K | $52K | 10x |
| Short | BloFin LINEA-USDT | 0.002834 | 0.0077 | get 0.0039% / 4h | 33m 20s | $217K | $16K | 50x |
Backpack LINEA_USDC_PERP
BloFin LINEA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.75
- Price spread: −0.116% → 0.000%
- −$11.63
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$38.38
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; BloFin: live order book, 37 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 Backpack no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 37 min ago | 5.28 bp | 20.9 bp −$21 | 48.2 bp −$482 | doesn't fit | doesn't fit |
Backpack: 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 | −0.962% | $734 | $39K | 5.5x | as long as short |
| BloFin LINEA-USDTshort | +0.0077% | 4h | 0.002834 | −0.116% | $217K | $16K | 50x | |
| Lighter LINEA | +0.0096% | 1h | 0.002841 | +0.130% | $110K | $54K | 3x | as long as short |
| Hyperliquid LINEA | +0.0100% | 1h | 0.002845 | +0.271% | $2.7M | $254K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002838 | +0.019% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002837 | −0.011% | $4.1M | $3.6M | 50x | as long as short |
| Bybit LINEAUSDT | +0.0100% | 4h | 0.002835 | −0.081% | $2.9M | $774K | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002834 | −0.116% | $1.2M | $954K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002839 | +0.060% | $241K | $61K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002836 | −0.046% | $3.9M | $1.1M | 100x | as long as short |
Injective LINEA/USDC PERP
Lighter LINEA
Hyperliquid LINEA
Aster LINEAUSDT
Binance LINEAUSDT
Bybit LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDT
MEXC LINEA_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002842 | +0.166% | $542K | $51K | 50x | as long as short |
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002838 | +0.025% | $1.1M | $479K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002835 | −0.081% | — | $2.6M | — | as long as short |
| Backpack LINEA_USDC_PERPlong | +0.0100% | 1h | 0.002837 | long leg | $84K | $52K | 10x | |
| Variational Omni LINEA | +0.0100% | 4h | 0.002831 | −0.216% | $113K | $59K | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002837 | +0.004% | $147K | $2.3M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002840 | +0.095% | $2K | $19K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002900 | +2.210% | $2K | $1.5M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002837 | −0.028% | $12K | $177K | 10x | as long as short |
| Reya LINEARUSDPERP | +0.0270% | 1h | 0.002835 | −0.080% | $4K | — | 3x | as long as short |
| GMX LINEA/USD [ETH-USDC] | L +0.0448% / S −0.0181% | 1h | 0.002840 | +0.095% | $32K | — | 100x | as long as short |
KuCoin LINEAUSDTM
Bitget LINEAUSDT
BingX LINEA-USDT
Variational Omni LINEA
GRVT LINEA_USDT_Perp
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]