Funding arb · Price arb /

LINEA

all LINEA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0249%/8h= −27.3% APRpaid last 24h −0.034%

Price spread now: Backpack against Variational Omni+0.153%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Backpack is 0.153% dearer against Variational Omni than usual: you sell high and buy low (spread +0.153% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINEA	0.002792	0.0100	pay 0.0050% / 4h	2h 22m	$108K	$55K	—
Short	Backpack LINEA_USDC_PERP	0.002796	−0.0149	pay 0.0019% / 1h	22m 46s	$88K	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Variational Omni. 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 Variational OmnibpFee BackpackbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$52.31
Price spread: +0.153% → 0.000%: $15.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$47.05
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 26 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 Variational Omni RFQ quote, 26 min ago	8.82 bp	doesn't fit	245.3 bp −$2,453	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	−0.0149%	1h	0.002796	+0.153%	$88K	$62K	10x
Injective LINEA/USDC PERP	+0.0033%	1h	0.002810	+0.643%	$734	$39K	5.5x	as long as short
Lighter LINEA	+0.0096%	1h	0.002804	+0.428%	$110K	$57K	3x	as long as short
Hyperliquid LINEA	+0.0100%	1h	0.002807	+0.536%	$2.7M	$320K	3x	as long as short
Aster LINEAUSDT	+0.0100%	4h	0.002799	+0.242%	$20K	$2K	5x	as long as short
Binance LINEAUSDT	+0.0100%	4h	0.002798	+0.213%	$4.0M	$4.2M	50x	as long as short
Bybit LINEAUSDT	+0.0100%	4h	0.002798	+0.213%	$2.8M	$898K	50x	as long as short
OKX LINEA-USDT-SWAP	+0.0100%	4h	0.002799	+0.249%	$1.2M	$991K	50x	as long as short
Gate LINEA_USDT	+0.0100%	4h	0.002800	+0.285%	$227K	$85K	50x	as long as short
MEXC LINEA_USDT	+0.0100%	4h	0.002798	+0.213%	$3.8M	$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	0.002799	+0.249%	$524K	$79K	50x	as long as short
Bitget LINEAUSDT	+0.0100%	4h	0.002799	+0.249%	$1.0M	$482K	50x	as long as short
BingX LINEA-USDT	+0.0100%	4h	0.002799	+0.249%	—	$2.6M	—	as long as short
Variational Omni LINEAlong	+0.0100%	4h	0.002792	long leg	$108K	$55K	—
GRVT LINEA_USDT_Perp	+0.0100%	4h	0.002803	+0.405%	$138K	$2.2M	10x	as long as short
ApeX Omni LINEAUSDT	+0.0100%	1h	0.002800	+0.285%	$2K	$20K	50x	as long as short
SunX LINEA-USDT	+0.0100%	4h	0.002850	+2.076%	$1K	$1.7M	20x	as long as short
Extended LINEA-USD	+0.0104%	1h	0.002798	+0.204%	$11K	$109K	10x	as long as short
BloFin LINEA-USDT	+0.0117%	4h	0.002800	+0.285%	$213K	$29K	50x	as long as short
Reya LINEARUSDPERP	+0.0276%	1h	0.002796	+0.139%	$4K	—	3x	as long as short
GMX LINEA/USD [ETH-USDC]	L +0.0447% / S −0.0179%	1h	0.002797	+0.178%	$31K	—	100x	as long as short