Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0297%/8h= +32.5% APRpaid last 24h −0.026%

Price spread now: Backpack against OKX+0.163%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.354%−$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 0.163% dearer against OKX 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 −0.354%, 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	OKX LINEA-USDT-SWAP	0.002826	0.0100	pay 0.0050% / 4h	1h 51m	$1.2M	$925K	50x
Short	Backpack LINEA_USDC_PERP	0.002831	0.0397	get 0.0050% / 1h	51m 50s	$85K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.163%Rate

Funding earned: $62.35
Price spread: +0.163% → 0.000%: $16.28
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $58.63
Costs to cover: 0.200%
Break-even: 0.4 days

Slippage unknown: OKX: 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 OKX live order book, 5 min ago	1.77 bp	30.7 bp −$31	189.4 bp −$1,894	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	−0.0051%	4h	0.002824	−0.071%	$2.8M	$790K	50x	as long as short
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.566%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002832	+0.212%	$109K	$55K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002841	+0.531%	$2.7M	$253K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002831	+0.191%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002830	+0.142%	$4.0M	$3.6M	50x	as long as short
OKX LINEA-USDT-SWAPlong	+0.0100%	4h	0.002826	long leg	$1.2M	$925K	50x
Gate LINEA_USDT	+0.0100%	4h	0.002830	+0.142%	$241K	$61K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002830	+0.142%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002829	+0.106%	$541K	$50K	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	0.002830	+0.142%	$1.1M	$480K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002829	+0.106%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002824	−0.062%	$112K	$59K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002827	+0.029%	$146K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002830	+0.142%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+2.265%	$2K	$1.4M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002829	+0.109%	$12K	$177K	10x	as long as short
BloFin LINEA-USDT	+0.0157%	4h	0.002825	−0.035%	$217K	$16K	50x	as long as short
Reya LINEARUSDPERP	+0.0269%	1h	0.002828	+0.077%	$4K	—	3x	as long as short
Backpack LINEA_USDC_PERPshort	+0.0397%	1h	0.002831	+0.163%	$85K	$51K	10x
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0181%	1h	0.002831	+0.177%	$32K	—	100x	as long as short