Funding you earn now, next payment 04:00 UTC−0.0781%/8h= −85.5% APRpaid last 24h −0.052%
Price spread now: Backpack against Bitget−0.315%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$23 a day on $10k at the current rate, and Backpack is 0.315% cheaper against Bitget than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Bitget AVNTUSDT | 0.1207 | 0.0100 | pay 0.0050% / 4h | 32m 16s | $711K | $272K | 20x |
| Short | Backpack AVNT_USDC_PERP | 0.1204 | −0.0681 | pay 0.0085% / 1h | 32m 16s | $32K | $27K | 5x |
Bitget AVNTUSDT
Backpack AVNT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- −$164.06
- Price spread: −0.315% → 0.000%
- −$31.47
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$217.53
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 23 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 Bitget live order book, 23 min ago | 8.00 bp | 36.7 bp −$37 | 152.9 bp −$1,529 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International AVNT-PERP-INTX | −0.1336% | 1h | 0.1208 | +0.083% | $18K | $18K | 50x | as long as short |
| Backpack AVNT_USDC_PERPshort | −0.0681% | 1h | 0.1204 | −0.315% | $32K | $27K | 5x | |
| Deribit AVNT_USDC-PERPETUAL | −0.0659% | 1h | 0.1209 | +0.157% | $284 | $123 | 10x | as long as short |
| Aster AVNTUSDT | −0.0183% | 4h | 0.1202 | −0.413% | $32K | $34K | 5x | as long as short |
| KuCoin AVNTUSDTM | −0.0076% | 4h | 0.1207 | −0.033% | $2.2M | $4.6M | 25x | as long as short |
| BloFin AVNT-USDT | +0.0092% | 4h | 0.1203 | −0.364% | $171K | $65K | 75x | as long as short |
| Lighter AVNT | +0.0096% | 1h | 0.1214 | +0.522% | $55K | $63K | 5x | as long as short |
| Hyperliquid AVNT | +0.0100% | 1h | 0.1207 | −0.033% | $710K | $312K | 5x | as long as short |
| Binance AVNTUSDT | +0.0100% | 4h | 0.1206 | −0.119% | $3.4M | $6.6M | 50x | as long as short |
| Bybit AVNTUSDT | +0.0100% | 4h | 0.1208 | +0.091% | $3.1M | $2.5M | 50x | as long as short |
Coinbase International AVNT-PERP-INTX
Deribit AVNT_USDC-PERPETUAL
Aster AVNTUSDT
KuCoin AVNTUSDTM
BloFin AVNT-USDT
Lighter AVNT
Hyperliquid AVNT
Binance AVNTUSDT
Bybit AVNTUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX AVNT-USDT-SWAP | +0.0100% | 4h | 0.1209 | +0.124% | $756K | $2.1M | 20x | as long as short |
| Gate AVNT_USDT | +0.0100% | 8h | 0.1207 | −0.033% | $292K | $163K | 50x | as long as short |
| MEXC AVNT_USDT | +0.0100% | 4h | 0.1205 | −0.199% | $2.5M | $909K | 100x | as long as short |
| Bitget AVNTUSDTlong | +0.0100% | 4h | 0.1207 | long leg | $711K | $272K | 20x | |
| BingX AVNT-USDT | +0.0100% | 4h | 0.1206 | −0.157% | — | $6.6M | — | as long as short |
| Variational Omni AVNT | +0.0100% | 4h | 0.1178 | −2.464% | $56K | $80K | — | as long as short |
| GRVT AVNT_USDT_Perp | +0.0100% | 4h | 0.1180 | −2.292% | $200K | $985K | 10x | as long as short |
| SunX AVNT-USDT | +0.0100% | 4h | 0.1210 | +0.248% | $1K | $1.3M | 20x | as long as short |
| HTX AVNT-USDT | +0.0100% | 4h | 0.1208 | +0.041% | $37K | $62K | 10x | as long as short |
| Extended AVNT-USD | +0.0104% | 1h | 0.1207 | −0.036% | $26K | $232K | 10x | as long as short |
| GMX AVNT/USD [ETH-USDC] | L +0.0297% / S −0.0838% | 1h | 0.1209 | +0.162% | $8K | — | 100x | as long as short |
OKX AVNT-USDT-SWAP
Gate AVNT_USDT
MEXC AVNT_USDT
BingX AVNT-USDT
Variational Omni AVNT
GRVT AVNT_USDT_Perp
SunX AVNT-USDT
HTX AVNT-USDT
Extended AVNT-USD
GMX AVNT/USD [ETH-USDC]