Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.034%

Price spread now: Backpack against KuCoin−0.128%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.396%−$40 on $10k

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 −$9 a day on $10k at the current rate, and Backpack is 0.128% cheaper against KuCoin than usual: you would sell low and buy high (−$13 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	KuCoin LINEAUSDTM	0.002816	0.0100	pay 0.0050% / 4h	2h 30m	$527K	$78K	50x
Short	Backpack LINEA_USDC_PERP	0.002812	−0.0193	pay 0.0024% / 1h	30m 24s	$88K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$61.49
Price spread: −0.128% → 0.000%: −$12.78
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$96.27
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 28 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 KuCoin live order book, 28 min ago	17.65 bp	169.9 bp −$170	doesn't fit	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	−0.0193%	1h	0.002812	−0.128%	$88K	$61K	10x
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.213%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002818	+0.071%	$110K	$57K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002816	−0.014%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002811	−0.178%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002810	−0.213%	$2.8M	$887K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002809	−0.249%	$1.2M	$987K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002815	−0.036%	$228K	$82K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002811	−0.178%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTMlong	+0.0100%	4h	0.002816	long leg	$527K	$78K	50x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget LINEAUSDT	+0.0100%	4h	0.002815	−0.036%	$1.0M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002810	−0.213%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002808	−0.282%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002816	−0.001%	$139K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	+0.142%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002870	+1.918%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002809	−0.240%	$12K	$109K	10x	as long as short
BloFin LINEA-USDT	+0.0148%	4h	0.002812	−0.142%	$214K	$29K	50x	as long as short
Hyperliquid LINEA	+0.0201%	1h	0.002820	+0.142%	$2.7M	$289K	3x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002811	−0.180%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0449% / S −0.0179%	1h	0.002812	−0.142%	$32K	—	100x	as long as short