Funding you earn now, next payment 23:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.168%
Price spread now: Deribit against Backpack−0.069%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.069% cheaper against Backpack than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack AVNT_USDC_PERP | 0.1154 | −0.0288 | get 0.0036% / 1h | 55m 44s | $30K | $41K | 5x |
| Short | Deribit AVNT_USDC-PERPETUAL | 0.1153 | −0.0530 | pay 0.0066% / 1h | 55m 44s | $271 | $267 | 10x |
Backpack AVNT_USDC_PERP
Deribit AVNT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Backpack. 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
- −$50.87
- Price spread: −0.069% → 0.000%
- −$6.93
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$74.8
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Deribit: 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Backpack and Deribit: 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.
AVNT 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit AVNT_USDC-PERPETUALshort | −0.0530% | 1h | 0.1153 | −0.069% | $271 | $267 | 10x | |
| Backpack AVNT_USDC_PERPlong | −0.0288% | 1h | 0.1154 | long leg | $30K | $41K | 5x | |
| KuCoin AVNTUSDTM | −0.0218% | 4h | 0.1152 | −0.147% | $2.2M | $4.4M | 25x | as long as short |
| BloFin AVNT-USDT | +0.0042% | 4h | 0.1151 | −0.286% | $166K | $73K | 75x | as long as short |
| Lighter AVNT | +0.0096% | 1h | 0.1157 | +0.243% | $52K | $66K | 5x | as long as short |
| Hyperliquid AVNT | +0.0100% | 1h | 0.1153 | −0.043% | $677K | $293K | 5x | as long as short |
| Aster AVNTUSDT | +0.0100% | 4h | 0.1153 | −0.059% | $31K | $22K | 5x | as long as short |
| Binance AVNTUSDT | +0.0100% | 4h | 0.1153 | −0.070% | $3.2M | $5.9M | 50x | as long as short |
| Bybit AVNTUSDT | +0.0100% | 4h | 0.1152 | −0.165% | $2.8M | $2.3M | 50x | as long as short |
| OKX AVNT-USDT-SWAP | +0.0100% | 4h | 0.1154 | −0.035% | $695K | $1.8M | 20x | as long as short |
KuCoin AVNTUSDTM
BloFin AVNT-USDT
Lighter AVNT
Hyperliquid AVNT
Aster AVNTUSDT
Binance AVNTUSDT
Bybit AVNTUSDT
OKX AVNT-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AVNT_USDT | +0.0100% | 8h | 0.1152 | −0.173% | $229K | $102K | 50x | as long as short |
| MEXC AVNT_USDT | +0.0100% | 4h | 0.1152 | −0.173% | $2.5M | $774K | 100x | as long as short |
| Bitget AVNTUSDT | +0.0100% | 4h | 0.1153 | −0.078% | $654K | $191K | 20x | as long as short |
| BingX AVNT-USDT | +0.0100% | 4h | 0.1153 | −0.043% | — | $6.6M | — | as long as short |
| Variational Omni AVNT | +0.0100% | 4h | 0.1147 | −0.593% | $21K | $47K | — | as long as short |
| GRVT AVNT_USDT_Perp | +0.0100% | 4h | 0.1149 | −0.433% | $194K | $1.1M | 10x | as long as short |
| SunX AVNT-USDT | +0.0100% | 4h | 0.1155 | +0.130% | $1K | $1.2M | 20x | as long as short |
| HTX AVNT-USDT | +0.0100% | 4h | 0.1149 | −0.451% | $35K | $66K | 10x | as long as short |
| Extended AVNT-USD | +0.0104% | 1h | 0.1153 | −0.057% | $25K | $210K | 10x | as long as short |
| Coinbase International AVNT-PERP-INTX | +0.0272% | 1h | 0.1155 | +0.104% | $17K | $10K | 50x | as long as short |
| GMX AVNT/USD [ETH-USDC] | L +0.0290% / S −0.0838% | 1h | 0.1153 | −0.058% | $7K | — | 100x | as long as short |
Gate AVNT_USDT
MEXC AVNT_USDT
Bitget AVNTUSDT
BingX AVNT-USDT
Variational Omni AVNT
GRVT AVNT_USDT_Perp
SunX AVNT-USDT
HTX AVNT-USDT
Extended AVNT-USD
Coinbase International AVNT-PERP-INTX
GMX AVNT/USD [ETH-USDC]