Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0153%/8h= −16.8% APRpaid last 24h −0.016%

Price spread now: Backpack against Bybit+0.127%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.344%−$34 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Backpack is 0.127% dearer against Bybit than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LINEAUSDT	0.002826	0.0100	pay 0.0050% / 4h	3h 00m	$2.9M	$860K	50x
Short	Backpack LINEA_USDC_PERP	0.002830	−0.0053	pay 0.0007% / 1h	0m 29s	$89K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bybit. 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 BybitbpFee BackpackbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$32.22
Price spread: +0.127% → 0.000%: $12.74
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$40.48
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.77 bp	42.3 bp −$42	254.0 bp −$2,540	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
Backpack LINEA_USDC_PERPshort	−0.0053%	1h	0.002830	+0.127%	$89K	$61K	10x
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.566%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002837	+0.389%	$111K	$56K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002830	+0.154%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002830	+0.142%	$4.1M	$4.1M	50x	as long as short
Bybit LINEAUSDTlong	+0.0100%	4h	0.002826	long leg	$2.9M	$860K	50x
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002826	0.000%	$1.2M	$978K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002830	+0.142%	$230K	$79K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002831	+0.177%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002830	+0.142%	$564K	$60K	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	0.002833	+0.248%	$1.1M	$478K	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	0.002825	−0.053%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002834	+0.283%	$148K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002830	+0.142%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002890	+2.265%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002830	+0.132%	$9K	$110K	10x	as long as short
BloFin LINEA-USDT	+0.0117%	4h	0.002826	0.000%	$214K	$29K	50x	as long as short
Reya LINEARUSDPERP	+0.0275%	1h	0.002830	+0.156%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0449% / S −0.0179%	1h	0.002828	+0.071%	$32K	—	100x	as long as short
Hyperliquid LINEA	+0.0677%	1h	0.002840	+0.495%	$2.7M	$284K	3x	as long as short