Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%

Price spread now: Variational Omni against Backpack−0.213%49s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.213% cheaper against Backpack than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LINEA_USDC_PERP	0.002851	0.0100	pay 0.0013% / 1h	53m 15s	$85K	$51K	10x
Short	Variational Omni LINEA	0.002845	0.0100	get 0.0050% / 4h	53m 15s	$113K	$59K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.213%Rate

Funding earned: $0
Price spread: −0.213% → 0.000%: −$21.34
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.34
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Variational Omni: RFQ quote, 26 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 Variational Omni RFQ quote, 26 min ago	12.35 bp	doesn't fit	396.9 bp −$3,969	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
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−1.445%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002853	+0.063%	$110K	$54K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002859	+0.274%	$2.7M	$254K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002850	−0.025%	$20K	$13	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002850	−0.042%	$4.1M	$3.6M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002847	−0.147%	$2.9M	$774K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002846	−0.182%	$1.2M	$946K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002852	+0.028%	$244K	$60K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002849	−0.077%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002852	+0.028%	$544K	$51K	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	0.002851	−0.007%	$1.1M	$477K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002850	−0.042%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERPlong	+0.0100%	1h	0.002851	long leg	$85K	$51K	10x
Variational Omni LINEAshort	+0.0100%	4h	0.002845	−0.213%	$113K	$59K	—
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002851	−0.007%	$143K	$2.3M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002850	−0.042%	$2K	$19K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002910	+2.062%	$2K	$1.5M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002848	−0.096%	$12K	$177K	10x	as long as short
BloFin LINEA-USDT	+0.0138%	4h	0.002847	−0.147%	$217K	$16K	50x	as long as short
Reya LINEARUSDPERP	+0.0270%	1h	0.002849	−0.078%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0181%	1h	0.002852	+0.028%	$32K	—	100x	as long as short