LINEA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0079%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.050%

Price spread now: GMX against Backpack−0.043%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 GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.043% cheaper against Backpack than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 43 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LINEA_USDC_PERP	0.002823	0.0100	pay 0.0013% / 1h	12m 31s	$89K	$62K	10x
Short	GMX LINEA/USD [ETH-USDC]	0.002822	L +0.0448% / S −0.0179%	get 0.0022% / 1h	12m 31s	$32K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $16.52
Price spread: −0.043% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$9.73
Costs to cover: 0.220%
Break-even: 11.1 days

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

Backpack and GMX: 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	−0.468%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0054%	4h	0.002820	−0.113%	$211K	$29K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002832	+0.312%	$111K	$57K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002832	+0.312%	$2.7M	$323K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002823	+0.001%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002823	−0.021%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002820	−0.113%	$2.8M	$900K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002821	−0.078%	$1.2M	$1.0M	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002823	−0.007%	$229K	$85K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002823	−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	0.002824	+0.028%	$508K	$83K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002825	+0.064%	$1.1M	$480K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002822	−0.043%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERPlong	+0.0100%	1h	0.002823	long leg	$89K	$62K	10x
Variational Omni LINEA	+0.0100%	4h	0.002810	−0.484%	$109K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002819	−0.149%	$139K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	−0.113%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002880	+2.012%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002822	−0.053%	$12K	$109K	10x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002823	−0.010%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]short	L +0.0448% / S −0.0179%	1h	0.002822	−0.043%	$32K	—	100x