Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.034%

Price spread now: MEXC against Backpack−0.049%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 MEXC

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. MEXC is 0.049% cheaper against Backpack than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 20 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LINEA_USDC_PERP	0.002835	−0.0102	get 0.0013% / 1h	53m 22s	$89K	$61K	10x
Short	MEXC LINEA_USDT	0.002834	0.0100	get 0.0050% / 4h	2h 53m	$3.9M	$1.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.049%Rate

Funding earned: $42.47
Price spread: −0.049% → 0.000%: −$4.94
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: $23.53
Costs to cover: 0.140%
Break-even: 3.1 days

Slippage unknown: Backpack: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.76 bp	8.1 bp −$8	33.6 bp −$336	211.5 bp −$21.2K	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	−0.0102%	1h	0.002835	long leg	$89K	$61K	10x
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−0.896%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002840	+0.162%	$111K	$56K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002835	−0.013%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002835	−0.014%	$4.1M	$4.1M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002832	−0.120%	$2.9M	$868K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002833	−0.085%	$1.2M	$987K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002837	+0.056%	$231K	$79K	50x	as long as short
MEXC LINEA_USDTshort	+0.0100%	4h	0.002834	−0.049%	$3.9M	$1.0M	100x
KuCoin LINEAUSDTM	+0.0100%	4h	0.002838	+0.092%	$565K	$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	0.002835	−0.014%	$1.1M	$478K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002835	−0.014%	—	$2.6M	—	as long as short
Variational Omni LINEA	+0.0100%	4h	0.002833	−0.102%	$109K	$55K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002838	+0.092%	$148K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002840	+0.162%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002900	+2.278%	$2K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002834	−0.041%	$9K	$110K	10x	as long as short
BloFin LINEA-USDT	+0.0142%	4h	0.002833	−0.085%	$215K	$29K	50x	as long as short
Reya LINEARUSDPERP	+0.0275%	1h	0.002834	−0.035%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0450% / S −0.0179%	1h	0.002835	−0.014%	$32K	—	100x	as long as short
Hyperliquid LINEA	+0.0554%	1h	0.002844	+0.303%	$2.7M	$283K	3x	as long as short