Funding arb · Price arb /

LINEA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.034%

Price spread now: Backpack against SunX−1.951%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−0.396%−$40 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 1.951% cheaper against SunX than usual: you would sell low and buy high, −$195 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINEA-USDT	0.002870	0.0100	pay 0.0050% / 4h	1h 36m	$2K	$1.8M	20x
Short	Backpack LINEA_USDC_PERP	0.002814	0.0100	get 0.0013% / 1h	36m 41s	$88K	$62K	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 −1.951%Rate

Funding earned: $0
Price spread: −1.951% → 0.000%: −$195.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$213.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 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, 9 min ago	331.59 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
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	−2.091%	$734	$39K	5.5x	as long as short
BloFin LINEA-USDT	+0.0047%	4h	0.002813	−1.986%	$212K	$29K	50x	as long as short
Lighter LINEA	+0.0096%	1h	0.002818	−1.812%	$110K	$55K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002814	−1.947%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002813	−1.986%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002811	−2.056%	$2.8M	$905K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002810	−2.091%	$1.2M	$1.0M	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002816	−1.882%	$228K	$84K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002813	−1.986%	$3.9M	$1.1M	100x	as long as short
KuCoin LINEAUSDTM	+0.0100%	4h	0.002816	−1.882%	$507K	$82K	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	0.002817	−1.847%	$1.1M	$484K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002812	−2.021%	—	$2.6M	—	as long as short
Backpack LINEA_USDC_PERPshort	+0.0100%	1h	0.002814	−1.951%	$88K	$62K	10x
Variational Omni LINEA	+0.0100%	4h	0.002811	−2.055%	$109K	$56K	—	as long as short
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002818	−1.812%	$145K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002820	−1.742%	$2K	$20K	50x	as long as short
SunX LINEA-USDTlong	+0.0100%	4h	0.002870	long leg	$2K	$1.8M	20x
Extended LINEA-USD	+0.0104%	1h	0.002812	−2.027%	$9K	$110K	10x	as long as short
Hyperliquid LINEA	+0.0138%	1h	0.002823	−1.638%	$2.7M	$323K	3x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002813	−1.971%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0448% / S −0.0179%	1h	0.002814	−1.951%	$32K	—	100x	as long as short