Funding you earn now, next payment 22:00 UTC+0.0620%/8h= +67.9% APRnext payment +$0.78 per $10,000 · paid last 24h +0.016%
Price spread now: Lighter against Backpack+0.110%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter is 0.110% dearer against Backpack than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.328% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LINEA_USDC_PERP | 0.002831 | −0.0524 | get 0.0066% / 1h | 15m 01s | $85K | $52K | 10x |
| Short | Lighter LINEA | 0.002834 | 0.0096 | get 0.0012% / 1h | 15m 01s | $109K | $59K | 3x |
Backpack LINEA_USDC_PERP
Lighter LINEAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $130.29
- Price spread: +0.110% → 0.000%
- $10.95
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $131.24
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: no order-book sample; Lighter: live order book, 66 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 Lighter live order book, 66 min ago | 28.10 bp | 31.3 bp −$31 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack LINEA_USDC_PERPlong | −0.0524% | 1h | 0.002831 | long leg | $85K | $52K | 10x | |
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −0.738% | $734 | $39K | 5.5x | as long as short |
| BloFin LINEA-USDT | +0.0050% | 4h | 0.002828 | −0.102% | $217K | $13K | 50x | as long as short |
| Lighter LINEAshort | +0.0096% | 1h | 0.002834 | +0.110% | $109K | $59K | 3x | |
| Hyperliquid LINEA | +0.0100% | 1h | 0.002842 | +0.392% | $2.7M | $255K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002833 | +0.081% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002829 | −0.057% | $4.0M | $3.6M | 50x | as long as short |
| Bybit LINEAUSDT | +0.0100% | 4h | 0.002826 | −0.173% | $2.8M | $852K | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002825 | −0.208% | $1.2M | $930K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002835 | +0.145% | $241K | $61K | 50x | as long as short |
Injective LINEA/USDC PERP
BloFin LINEA-USDT
Hyperliquid LINEA
Aster LINEAUSDT
Binance LINEAUSDT
Bybit LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002830 | −0.032% | $3.9M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002835 | +0.145% | $542K | $50K | 50x | as long as short |
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002834 | +0.110% | $1.1M | $480K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002829 | −0.067% | — | $2.6M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002828 | −0.107% | $113K | $59K | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002835 | +0.140% | $146K | $2.3M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002840 | +0.321% | $2K | $19K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002890 | +2.088% | $2K | $1.4M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002829 | −0.062% | $12K | $177K | 10x | as long as short |
| Reya LINEARUSDPERP | +0.0269% | 1h | 0.002830 | −0.042% | $4K | — | 3x | as long as short |
| GMX LINEA/USD [ETH-USDC] | L +0.0448% / S −0.0181% | 1h | 0.002832 | +0.039% | $32K | — | 100x | as long as short |
MEXC LINEA_USDT
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]