Funding you earn now, next payment 01:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h −0.001%
Price spread now: Backpack against GRVT−0.025%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.376%−$38 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Backpack is 0.025% cheaper against GRVT than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.376%, 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 | GRVT LINEA_USDT_Perp | 0.002866 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $143K | $2.3M | 10x |
| Short | Backpack LINEA_USDC_PERP | 0.002865 | 0.0348 | get 0.0044% / 1h | 44m 43s | $85K | $53K | 10x |
GRVT LINEA_USDT_Perp
Backpack LINEA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against GRVT. 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
- $52.16
- Price spread: −0.025% → 0.000%
- −$2.47
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $30.69
- Costs to cover
- 0.190%
- Break-even
- 2.9 days
Slippage unknown: GRVT: live order book, 4 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 GRVT live order book, 4 min ago | 6.99 bp | 56.7 bp −$57 | 83.8 bp −$838 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LINEAUSDT | −0.0185% | 4h | 0.002861 | −0.161% | $2.9M | $786K | 50x | as long as short |
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −1.940% | $734 | $39K | 5.5x | as long as short |
| BloFin LINEA-USDT | +0.0088% | 4h | 0.002858 | −0.265% | $218K | $16K | 50x | as long as short |
| Lighter LINEA | +0.0096% | 1h | 0.002871 | +0.188% | $111K | $52K | 3x | as long as short |
| Hyperliquid LINEA | +0.0100% | 1h | 0.002872 | +0.223% | $2.7M | $254K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002865 | −0.008% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002863 | −0.091% | $4.1M | $3.6M | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002858 | −0.265% | $1.2M | $959K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002863 | −0.091% | $241K | $69K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002863 | −0.091% | $3.9M | $1.1M | 100x | as long as short |
Bybit LINEAUSDT
Injective LINEA/USDC PERP
BloFin LINEA-USDT
Lighter LINEA
Hyperliquid LINEA
Aster LINEAUSDT
Binance 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 | 0.002867 | +0.049% | $540K | $52K | 50x | as long as short |
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002863 | −0.091% | $1.1M | $486K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002862 | −0.126% | — | $2.6M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002856 | −0.333% | $115K | $62K | — | as long as short |
| GRVT LINEA_USDT_Perplong | +0.0100% | 4h | 0.002866 | long leg | $143K | $2.3M | 10x | |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002860 | −0.196% | $2K | $19K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002920 | +1.898% | $1K | $1.5M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002861 | −0.147% | $10K | $177K | 10x | as long as short |
| Reya LINEARUSDPERP | +0.0271% | 1h | 0.002858 | −0.268% | $4K | — | 3x | as long as short |
| Backpack LINEA_USDC_PERPshort | +0.0348% | 1h | 0.002865 | −0.025% | $85K | $53K | 10x | |
| GMX LINEA/USD [ETH-USDC] | L +0.0451% / S −0.0181% | 1h | 0.002861 | −0.161% | $32K | — | 100x | as long as short |
KuCoin LINEAUSDTM
Bitget LINEAUSDT
BingX LINEA-USDT
Variational Omni LINEA
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]