LINEA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0525%/8h= −57.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.024%

Price spread now: Backpack against Injective+0.658%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.658% dearer against Injective than usual: you sell high and buy low (spread +0.658% now, against zero (this spread has no 7-day history yet)): +$66 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LINEA/USDC PERP	0.002810	0.0033	pay 0.0004% / 1h	40m 44s	$734	$39K	5.5x
Short	Backpack LINEA_USDC_PERP	0.002828	−0.0492	pay 0.0061% / 1h	40m 44s	$85K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BackpackbpOrdersPrice spread, now +0.658%Rate

Funding earned: −$110.24
Price spread: +0.658% → 0.000%: $65.84
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$54.42
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Injective and 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_PERPshort	−0.0492%	1h	0.002828	+0.658%	$85K	$53K	10x
Injective LINEA/USDC PERPlong	+0.0033%	1h	0.002810	long leg	$734	$39K	5.5x
Lighter LINEA	+0.0096%	1h	0.002834	+0.854%	$110K	$58K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002835	+0.890%	$2.7M	$255K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002828	+0.657%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002826	+0.569%	$4.0M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002824	+0.498%	$2.9M	$850K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002824	+0.498%	$1.2M	$938K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002830	+0.712%	$241K	$61K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002826	+0.569%	$3.8M	$1.0M	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LINEAUSDTM	+0.0100%	4h	0.002830	+0.712%	$541K	$50K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002830	+0.712%	$1.1M	$480K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002824	+0.498%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002825	+0.517%	$113K	$60K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002829	+0.675%	$141K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	+0.356%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+2.847%	$2K	$1.4M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002825	+0.545%	$12K	$177K	10x	as long as short
BloFin LINEA-USDT	+0.0151%	4h	0.002828	+0.641%	$219K	$13K	50x	as long as short
Reya LINEARUSDPERP	+0.0268%	1h	0.002827	+0.600%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0181%	1h	0.002830	+0.712%	$32K	—	100x	as long as short