Funding you earn now, next payment 22:00 UTC−0.0618%/8h= −67.7% APRpaid last 24h +0.013%
Price spread now: Backpack against Bybit+0.177%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.341%−$34 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Backpack is 0.177% dearer against Bybit than usual: you sell high and buy low (spread +0.177% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.341% in total) that is about 3.6 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.341% in total (about -17.8% 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 | Bybit LINEAUSDT | 0.002830 | 0.0100 | pay 0.0050% / 4h | 2h 25m | $2.9M | $852K | 50x |
| Short | Backpack LINEA_USDC_PERP | 0.002835 | −0.0518 | pay 0.0065% / 1h | 25m 23s | $85K | $52K | 10x |
Bybit LINEAUSDT
Backpack LINEA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$129.81
- Price spread: +0.177% → 0.000%
- $17.67
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$133.14
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 7.07 bp | 51.6 bp −$52 | 718.4 bp −$7,184 | 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 | −0.0518% | 1h | 0.002835 | +0.177% | $85K | $52K | 10x | |
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −0.707% | $734 | $39K | 5.5x | as long as short |
| BloFin LINEA-USDT | +0.0086% | 4h | 0.002830 | 0.000% | $218K | $13K | 50x | as long as short |
| Lighter LINEA | +0.0096% | 1h | 0.002838 | +0.283% | $110K | $58K | 3x | as long as short |
| Hyperliquid LINEA | +0.0100% | 1h | 0.002845 | +0.530% | $2.7M | $254K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002836 | +0.208% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002834 | +0.134% | $4.0M | $3.6M | 50x | as long as short |
| Bybit LINEAUSDTlong | +0.0100% | 4h | 0.002830 | long leg | $2.9M | $852K | 50x | |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002830 | 0.000% | $1.2M | $940K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002835 | +0.177% | $241K | $61K | 50x | as long as short |
Injective LINEA/USDC PERP
BloFin LINEA-USDT
Lighter LINEA
Hyperliquid LINEA
Aster LINEAUSDT
Binance LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDTShow 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 | +0.141% | $3.9M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002837 | +0.247% | $543K | $50K | 50x | as long as short |
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002834 | +0.141% | $1.1M | $480K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002831 | +0.035% | — | $2.6M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002828 | −0.075% | $113K | $59K | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002833 | +0.106% | $146K | $2.3M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002830 | 0.000% | $2K | $19K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002900 | +2.473% | $1K | $1.4M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002834 | +0.131% | $12K | $177K | 10x | as long as short |
| Reya LINEARUSDPERP | +0.0269% | 1h | 0.002834 | +0.152% | $4K | — | 3x | as long as short |
| GMX LINEA/USD [ETH-USDC] | L +0.0448% / S −0.0181% | 1h | 0.002837 | +0.247% | $32K | — | 100x | as long as short |
MEXC LINEA_USDT
KuCoin LINEAUSDTM
Bitget LINEAUSDT
BingX LINEA-USDT
Variational Omni LINEA
GRVT LINEA_USDT_Perp
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]