Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0615%/8h= −67.3% APRpaid last 24h −0.019%

Price spread now: Backpack against SunX−2.259%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.391%−$39 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 −$18 a day on $10k at the current rate, and Backpack is 2.259% cheaper against SunX than usual: you would sell low and buy high (−$226 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.391% in total (about -20.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINEA-USDT	0.002900	0.0100	pay 0.0050% / 4h	2h 24m	$1K	$1.4M	20x
Short	Backpack LINEA_USDC_PERP	0.002835	−0.0515	pay 0.0064% / 1h	24m 30s	$85K	$52K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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 SunXbpFee BackpackbpOrdersPrice spread, now −2.259%Rate

Funding earned: −$129.1
Price spread: −2.259% → 0.000%: −$225.86
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$372.96
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago	275.86 bp	doesn't fit	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	−0.0515%	1h	0.002835	−2.259%	$85K	$52K	10x
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−3.103%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0060%	4h	0.002830	−2.414%	$218K	$13K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002838	−2.138%	$110K	$58K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002843	−1.966%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002835	−2.234%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002834	−2.276%	$4.0M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002830	−2.414%	$2.9M	$852K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002829	−2.448%	$1.2M	$939K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002836	−2.207%	$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	0.002834	−2.276%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002835	−2.241%	$542K	$50K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002834	−2.276%	$1.1M	$480K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002833	−2.310%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002830	−2.417%	$113K	$59K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002833	−2.310%	$146K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002830	−2.414%	$2K	$19K	50x	as long as short
SunX LINEA-USDTlong	+0.0100%	4h	0.002900	long leg	$1K	$1.4M	20x
Extended LINEA-USD	+0.0104%	1h	0.002832	−2.336%	$12K	$177K	10x	as long as short
Reya LINEARUSDPERP	+0.0269%	1h	0.002833	−2.317%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0181%	1h	0.002837	−2.172%	$32K	—	100x	as long as short