Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0627%/8h= +68.7% APRpaid last 24h +0.016%

Price spread now: Variational Omni against Backpack−0.079%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.079% cheaper against Backpack than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 10 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LINEA_USDC_PERP	0.002830	−0.0527	get 0.0066% / 1h	28m 50s	$85K	$52K	10x
Short	Variational Omni LINEA	0.002828	0.0100	get 0.0050% / 4h	2h 28m	$113K	$59K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.079%Rate

Funding earned: $131.68
Price spread: −0.079% → 0.000%: −$7.87
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $113.81
Costs to cover: 0.100%
Break-even: 0.9 days

Slippage unknown: Backpack: no order-book sample; Variational Omni: RFQ quote, 60 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 Variational Omni RFQ quote, 60 min ago	8.80 bp	doesn't fit	427.9 bp −$4,279	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	−0.0527%	1h	0.002830	long leg	$85K	$52K	10x
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.710%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0072%	4h	0.002830	−0.004%	$217K	$13K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002834	+0.138%	$110K	$58K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002838	+0.279%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002832	+0.066%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002828	−0.069%	$4.0M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002826	−0.145%	$2.8M	$853K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002826	−0.145%	$1.2M	$938K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002834	+0.138%	$241K	$61K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC LINEA_USDT	+0.0100%	4h	0.002828	−0.074%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002834	+0.138%	$542K	$50K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002831	+0.032%	$1.1M	$480K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002828	−0.074%	—	$2.6M	—	as long as short
Variational Omni LINEAshort	+0.0100%	4h	0.002828	−0.079%	$113K	$59K	—
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002833	+0.096%	$141K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002840	+0.350%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+2.117%	$1K	$1.4M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002828	−0.086%	$12K	$177K	10x	as long as short
Reya LINEARUSDPERP	+0.0269%	1h	0.002828	−0.066%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0181%	1h	0.002831	+0.032%	$32K	—	100x	as long as short