Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.034%

Price spread now: SunX against Backpack+1.878%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.396%+$40 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SunX is 1.878% dearer against Backpack than usual: you sell high and buy low: +$188 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	Backpack LINEA_USDC_PERP	0.002817	0.0060	pay 0.0007% / 1h	58m 55s	$88K	$61K	10x
Short	SunX LINEA-USDT	0.002870	0.0100	get 0.0050% / 4h	58m 55s	$2K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Backpack. 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 BackpackbpFee SunXbpOrdersPrice spread, now +1.878%Rate

Funding earned: $8.47
Price spread: +1.878% → 0.000%: $187.78
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $178.25
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Backpack: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	276.82 bp	doesn't fit	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
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.252%	$734	$39K	5.5x	as long as short
Backpack LINEA_USDC_PERPlong	+0.0060%	1h	0.002817	long leg	$88K	$61K	10x
Lighter LINEA	+0.0096%	1h	0.002823	+0.209%	$111K	$49K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002818	+0.045%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002819	+0.053%	$4.0M	$4.0M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002816	−0.039%	$2.8M	$861K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002815	−0.075%	$1.2M	$981K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002818	+0.032%	$228K	$84K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002819	+0.067%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002818	+0.032%	$507K	$73K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget LINEAUSDT	+0.0100%	4h	0.002819	+0.067%	$1.1M	$449K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002817	−0.004%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002812	−0.181%	$109K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002819	+0.056%	$145K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002810	−0.252%	$2K	$20K	50x	as long as short
SunX LINEA-USDTshort	+0.0100%	4h	0.002870	+1.878%	$2K	$1.7M	20x
Extended LINEA-USD	+0.0104%	1h	0.002817	−0.013%	$11K	$107K	10x	as long as short
BloFin LINEA-USDT	+0.0123%	4h	0.002814	−0.110%	$211K	$29K	50x	as long as short
Hyperliquid LINEA	+0.0249%	1h	0.002827	+0.351%	$2.7M	$318K	3x	as long as short
Reya LINEARUSDPERP	+0.0277%	1h	0.002815	−0.060%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0179%	1h	0.002815	−0.075%	$32K	—	100x	as long as short