Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h −0.005%

Price spread now: Backpack against Bybit+0.157%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.345%−$35 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 +$9 a day on $10k at the current rate, and Backpack is 0.157% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.345%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINEAUSDT	0.002859	0.0100	pay 0.0050% / 4h	3h 46m	$2.9M	$785K	50x
Short	Backpack LINEA_USDC_PERP	0.002864	0.0385	get 0.0048% / 1h	46m 45s	$85K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bybit. 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 BybitbpFee BackpackbpOrdersPrice spread, now +0.157%Rate

Funding earned: $59.86
Price spread: +0.157% → 0.000%: $15.74
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: $54.6
Costs to cover: 0.210%
Break-even: 0.6 days

Slippage unknown: Bybit: live order book, 5 min ago; Backpack: 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 Bybit live order book, 5 min ago	3.49 bp	40.0 bp −$40	273.0 bp −$2,730	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	−1.714%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002867	+0.280%	$111K	$52K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002871	+0.420%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002862	+0.112%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002861	+0.070%	$4.1M	$3.6M	50x	as long as short
Bybit LINEAUSDTlong	+0.0100%	4h	0.002859	long leg	$2.9M	$785K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002857	−0.070%	$1.2M	$958K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002864	+0.175%	$241K	$69K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002861	+0.070%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002866	+0.245%	$539K	$52K	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	0.002862	+0.105%	$1.1M	$481K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002860	+0.035%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002856	−0.103%	$115K	$62K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002866	+0.231%	$143K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002860	+0.035%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002920	+2.134%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002859	−0.003%	$10K	$177K	10x	as long as short
BloFin LINEA-USDT	+0.0150%	4h	0.002863	+0.140%	$218K	$16K	50x	as long as short
Reya LINEARUSDPERP	+0.0271%	1h	0.002860	+0.033%	$4K	—	3x	as long as short
Backpack LINEA_USDC_PERPshort	+0.0385%	1h	0.002864	+0.157%	$85K	$53K	10x
GMX LINEA/USD [ETH-USDC]	L +0.0451% / S −0.0181%	1h	0.002863	+0.140%	$32K	—	100x	as long as short