Funding you earn now, next payment 04:00 UTC−0.0214%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h −0.073%
Price spread now: Backpack against Hyperliquid−0.164%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−0.449%−$45 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Backpack is 0.164% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LINEA | 0.002864 | 0.0302 | pay 0.0038% / 1h | 58m 21s | $2.8M | $277K | 3x |
| Short | Backpack LINEA_USDC_PERP | 0.002859 | 0.0088 | get 0.0011% / 1h | 58m 21s | $90K | $61K | 10x |
Hyperliquid LINEA
Backpack LINEA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hyperliquid. 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
- −$44.94
- Price spread: −0.164% → 0.000%
- −$16.41
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$80.35
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 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 Hyperliquid live order book, 3 min ago | 1.74 bp | 16.4 bp −$16 | doesn't fit | 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 | −1.885% | $734 | $39K | 5.5x | as long as short |
| Backpack LINEA_USDC_PERPshort | +0.0088% | 1h | 0.002859 | −0.164% | $90K | $61K | 10x | |
| Lighter LINEA | +0.0096% | 1h | 0.002864 | 0.000% | $113K | $55K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002857 | −0.229% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002852 | −0.412% | $4.1M | $3.8M | 50x | as long as short |
| Bybit LINEAUSDT | +0.0100% | 4h | 0.002853 | −0.384% | $2.9M | $829K | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002848 | −0.559% | $1.2M | $955K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002857 | −0.244% | $235K | $76K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002855 | −0.314% | $3.9M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002858 | −0.209% | $570K | $61K | 50x | as long as short |
Injective LINEA/USDC PERP
Lighter LINEA
Aster LINEAUSDT
Binance LINEAUSDT
Bybit LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDT
MEXC LINEA_USDT
KuCoin LINEAUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002856 | −0.279% | $1.1M | $467K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002853 | −0.384% | — | $2.6M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002849 | −0.527% | $110K | $56K | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002854 | −0.351% | $139K | $2.3M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002860 | −0.140% | $2K | $20K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002910 | +1.606% | $1K | $1.6M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002851 | −0.459% | $10K | $162K | 10x | as long as short |
| BloFin LINEA-USDT | +0.0117% | 4h | 0.002856 | −0.279% | $221K | $30K | 50x | as long as short |
| Reya LINEARUSDPERP | +0.0273% | 1h | 0.002853 | −0.369% | $4K | — | 3x | as long as short |
| Hyperliquid LINEAlong | +0.0302% | 1h | 0.002864 | long leg | $2.8M | $277K | 3x | |
| GMX LINEA/USD [ETH-USDC] | L +0.0454% / S −0.0181% | 1h | 0.002853 | −0.384% | $32K | — | 100x | as long as short |
Bitget LINEAUSDT
BingX LINEA-USDT
Variational Omni LINEA
GRVT LINEA_USDT_Perp
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
BloFin LINEA-USDT
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]