Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.034%

Price spread now: Binance against Backpack−0.037%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 Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.366%+$37 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.037% cheaper against Backpack than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LINEA_USDC_PERP	0.002816	−0.0036	get 0.0005% / 1h	19m 02s	$88K	$62K	10x
Short	Binance LINEAUSDT	0.002815	0.0100	get 0.0050% / 4h	2h 19m	$4.0M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.037%Rate

Funding earned: $28.6
Price spread: −0.037% → 0.000%: −$3.73
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $4.87
Costs to cover: 0.200%
Break-even: 5.8 days

Slippage unknown: Backpack: no order-book sample; Binance: live order book, 3 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 Binance live order book, 3 min ago	1.78 bp	26.7 bp −$27	80.1 bp −$801	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	−0.0036%	1h	0.002816	long leg	$88K	$62K	10x
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.227%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002825	+0.305%	$111K	$57K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002823	+0.234%	$2.7M	$322K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002815	−0.042%	$20K	$2K	5x	as long as short
Binance LINEAUSDTshort	+0.0100%	4h	0.002815	−0.037%	$4.0M	$4.2M	50x
Bybit LINEAUSDT	+0.0100%	4h	0.002814	−0.085%	$2.8M	$899K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002812	−0.156%	$1.2M	$997K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002818	+0.057%	$229K	$85K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002814	−0.085%	$3.9M	$1.1M	100x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin LINEAUSDTM	+0.0100%	4h	0.002817	+0.021%	$527K	$78K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002816	−0.014%	$1.0M	$481K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002815	−0.050%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002803	−0.493%	$108K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002799	−0.618%	$138K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002790	−0.937%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002880	+2.258%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002815	−0.040%	$11K	$109K	10x	as long as short
BloFin LINEA-USDT	+0.0148%	4h	0.002806	−0.369%	$213K	$29K	50x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002816	−0.017%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0179%	1h	0.002816	−0.014%	$32K	—	100x	as long as short