Funding you earn now, next payment 22:00 UTC−0.0603%/8h= −66.0% APRnext payment −$0.75 per $10,000 · paid last 24h −0.016%
Price spread now: Backpack against Lighter−0.208%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−0.328%−$33 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Backpack is 0.208% cheaper against Lighter than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.328% in total (about -17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LINEA | 0.002835 | 0.0096 | pay 0.0012% / 1h | 40m 14s | $110K | $58K | 3x |
| Short | Backpack LINEA_USDC_PERP | 0.002829 | −0.0507 | pay 0.0063% / 1h | 40m 14s | $85K | $53K | 10x |
Lighter LINEA
Backpack LINEA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- −$126.57
- Price spread: −0.208% → 0.000%
- −$20.81
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$157.38
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 41 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 Lighter live order book, 41 min ago | 28.10 bp | 40.5 bp −$40 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack LINEA_USDC_PERPshort | −0.0507% | 1h | 0.002829 | −0.208% | $85K | $53K | 10x | |
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −0.882% | $734 | $39K | 5.5x | as long as short |
| Lighter LINEAlong | +0.0096% | 1h | 0.002835 | long leg | $110K | $58K | 3x | |
| Hyperliquid LINEA | +0.0100% | 1h | 0.002837 | +0.071% | $2.7M | $255K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002829 | −0.227% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002828 | −0.253% | $4.0M | $3.6M | 50x | as long as short |
| Bybit LINEAUSDT | +0.0100% | 4h | 0.002824 | −0.388% | $2.9M | $850K | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002824 | −0.388% | $1.2M | $938K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002830 | −0.176% | $241K | $61K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002828 | −0.247% | $3.8M | $1.0M | 100x | as long as short |
Injective LINEA/USDC PERP
Hyperliquid LINEA
Aster LINEAUSDT
Binance LINEAUSDT
Bybit 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 | 0.002831 | −0.141% | $542K | $50K | 50x | as long as short |
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002831 | −0.141% | $1.1M | $480K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002826 | −0.317% | — | $2.6M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002824 | −0.388% | $113K | $60K | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002829 | −0.213% | $141K | $2.3M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002820 | −0.529% | $2K | $19K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002890 | +1.940% | $2K | $1.4M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002827 | −0.274% | $12K | $177K | 10x | as long as short |
| BloFin LINEA-USDT | +0.0151% | 4h | 0.002828 | −0.247% | $219K | $13K | 50x | as long as short |
| Reya LINEARUSDPERP | +0.0268% | 1h | 0.002828 | −0.253% | $4K | — | 3x | as long as short |
| GMX LINEA/USD [ETH-USDC] | L +0.0448% / S −0.0181% | 1h | 0.002831 | −0.141% | $32K | — | 100x | as long as short |
KuCoin LINEAUSDTM
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]