Funding you earn now, next payment 01:00 UTC−0.0216%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h +0.026%
Price spread now: Injective against Backpack−2.227%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 2.227% cheaper against Backpack than usual: you would sell low and buy high (−$223 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LINEA_USDC_PERP | 0.002874 | 0.0249 | pay 0.0031% / 1h | 8m 42s | $85K | $51K | 10x |
| Short | Injective LINEA/USDC PERP | 0.002810 | 0.0033 | get 0.0004% / 1h | 8m 42s | $734 | $39K | 5.5x |
Backpack LINEA_USDC_PERP
Injective LINEA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Backpack. 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
- −$45.38
- Price spread: −2.227% → 0.000%
- −$222.69
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$278.09
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Injective: 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 Injective no order-book sample | — | — | — | — | — |
Backpack and Injective: 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 PERPshort | +0.0033% | 1h | 0.002810 | −2.227% | $734 | $39K | 5.5x | |
| Lighter LINEA | +0.0096% | 1h | 0.002880 | +0.209% | $111K | $52K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002875 | +0.047% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002869 | −0.164% | $4.1M | $3.6M | 50x | as long as short |
| Bybit LINEAUSDT | +0.0100% | 4h | 0.002868 | −0.209% | $2.9M | $781K | 50x | as long as short |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002865 | −0.313% | $1.2M | $936K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002874 | 0.000% | $241K | $70K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002869 | −0.174% | $4.0M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002876 | +0.070% | $573K | $58K | 50x | as long as short |
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002873 | −0.035% | $1.1M | $477K | 50x | as long as short |
Lighter LINEA
Aster LINEAUSDT
Binance LINEAUSDT
Bybit LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDT
MEXC LINEA_USDT
KuCoin LINEAUSDTM
Bitget LINEAUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX LINEA-USDT | +0.0100% | 4h | 0.002871 | −0.104% | — | $2.7M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002864 | −0.364% | $113K | $62K | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002869 | −0.174% | $144K | $2.3M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002860 | −0.487% | $2K | $19K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002930 | +1.949% | $2K | $1.5M | 20x | as long as short |
| BloFin LINEA-USDT | +0.0100% | 4h | 0.002871 | −0.104% | $219K | $15K | 50x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002872 | −0.075% | $9K | $158K | 10x | as long as short |
| Hyperliquid LINEA | +0.0171% | 1h | 0.002883 | +0.313% | $2.8M | $254K | 3x | as long as short |
| Backpack LINEA_USDC_PERPlong | +0.0249% | 1h | 0.002874 | long leg | $85K | $51K | 10x | |
| Reya LINEARUSDPERP | +0.0272% | 1h | 0.002872 | −0.072% | $4K | — | 3x | as long as short |
| GMX LINEA/USD [ETH-USDC] | L +0.0452% / S −0.0181% | 1h | 0.002874 | 0.000% | $32K | — | 100x | as long as short |
BingX LINEA-USDT
Variational Omni LINEA
GRVT LINEA_USDT_Perp
ApeX Omni LINEAUSDT
SunX LINEA-USDT
BloFin LINEA-USDT
Extended LINEA-USD
Hyperliquid LINEA
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]