Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.020%

Price spread now: Bybit against Backpack−0.114%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.346%+$35 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.114% cheaper against Backpack than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LINEA_USDC_PERP	0.002815	−0.0005	get 0.0001% / 1h	17m 53s	$88K	$62K	10x
Short	Bybit LINEAUSDT	0.002812	0.0100	get 0.0050% / 4h	2h 17m	$2.8M	$900K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Backpack. 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 BackpackbpFee BybitbpOrdersPrice spread, now −0.114%Rate

Funding earned: $22.09
Price spread: −0.114% → 0.000%: −$11.37
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.28
Costs to cover: 0.210%
Break-even: 10.3 days

Slippage unknown: Backpack: no order-book sample; Bybit: live order book, 4 min ago. 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 Backpack no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	5.35 bp	45.8 bp −$46	223.4 bp −$2,234	doesn't fit	doesn't fit

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_PERPlong	−0.0005%	1h	0.002815	long leg	$88K	$62K	10x
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.185%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002823	+0.277%	$111K	$57K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002822	+0.242%	$2.7M	$322K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002815	0.000%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002814	−0.036%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDTshort	+0.0100%	4h	0.002812	−0.114%	$2.8M	$900K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002811	−0.149%	$1.2M	$998K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002817	+0.064%	$228K	$85K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002815	−0.007%	$3.9M	$1.1M	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	0.002816	+0.028%	$527K	$83K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002817	+0.064%	$1.0M	$480K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002814	−0.043%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002803	−0.451%	$108K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002799	−0.575%	$138K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002790	−0.895%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002870	+1.947%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002813	−0.086%	$11K	$109K	10x	as long as short
BloFin LINEA-USDT	+0.0148%	4h	0.002806	−0.327%	$213K	$29K	50x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002814	−0.027%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0179%	1h	0.002815	−0.007%	$32K	—	100x	as long as short