Funding you earn now, next payment 06:00 UTC+0.1215%/8h= +133.1% APRnext payment +$1.52 per $10,000 · paid last 24h +0.197%
Price spread now: Backpack against Coinbase International+0.161%52s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$36 a day on $10k at the current rate, and Backpack is 0.161% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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 | Coinbase International AVNT-PERP-INTX | 0.1179 | −0.1416 | get 0.0177% / 1h | 8m 19s | $14K | $21K | 50x |
| Short | Backpack AVNT_USDC_PERP | 0.1181 | −0.0201 | pay 0.0025% / 1h | 8m 19s | $31K | $48K | 5x |
Coinbase International AVNT-PERP-INTX
Backpack AVNT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- $255.22
- Price spread: +0.161% → 0.000%
- $16.11
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $251.34
- Costs to cover
- 0.200%
- Break-even
- 0.1 days
Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Coinbase International and 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-INTXlong | −0.1416% | 1h | 0.1179 | long leg | $14K | $21K | 50x | |
| Deribit AVNT_USDC-PERPETUAL | −0.0512% | 1h | 0.1179 | +0.034% | $155 | $245 | 10x | as long as short |
| Backpack AVNT_USDC_PERPshort | −0.0201% | 1h | 0.1181 | +0.161% | $31K | $48K | 5x | |
| Lighter AVNT | +0.0096% | 1h | 0.1184 | +0.433% | $54K | $49K | 5x | as long as short |
| Hyperliquid AVNT | +0.0100% | 1h | 0.1179 | 0.000% | $705K | $335K | 5x | as long as short |
| Aster AVNTUSDT | +0.0100% | 4h | 0.1180 | +0.042% | $31K | $51K | 5x | as long as short |
| Binance AVNTUSDT | +0.0100% | 4h | 0.1179 | −0.017% | $3.3M | $7.4M | 50x | as long as short |
| Bybit AVNTUSDT | +0.0100% | 4h | 0.1178 | −0.110% | $2.9M | $2.7M | 50x | as long as short |
| OKX AVNT-USDT-SWAP | +0.0100% | 4h | 0.1179 | −0.017% | $718K | $2.2M | 20x | as long as short |
| Gate AVNT_USDT | +0.0100% | 8h | 0.1179 | −0.008% | $247K | $208K | 50x | as long as short |
Deribit AVNT_USDC-PERPETUAL
Lighter AVNT
Hyperliquid AVNT
Aster AVNTUSDT
Binance AVNTUSDT
Bybit AVNTUSDT
OKX AVNT-USDT-SWAP
Gate AVNT_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AVNT_USDT | +0.0100% | 4h | 0.1179 | −0.008% | $2.6M | $1.0M | 100x | as long as short |
| KuCoin AVNTUSDTM | +0.0100% | 4h | 0.1180 | +0.102% | $2.2M | $4.5M | 25x | as long as short |
| Bitget AVNTUSDT | +0.0100% | 4h | 0.1180 | +0.042% | $680K | $323K | 20x | as long as short |
| BingX AVNT-USDT | +0.0100% | 4h | 0.1179 | −0.008% | — | $6.6M | — | as long as short |
| Variational Omni AVNT | +0.0100% | 4h | 0.1178 | −0.061% | $18K | $117K | — | as long as short |
| GRVT AVNT_USDT_Perp | +0.0100% | 4h | 0.1182 | +0.248% | $197K | $936K | 10x | as long as short |
| SunX AVNT-USDT | +0.0100% | 4h | 0.1183 | +0.314% | $2K | $1.4M | 20x | as long as short |
| HTX AVNT-USDT | +0.0100% | 4h | 0.1181 | +0.144% | $36K | $62K | 10x | as long as short |
| Extended AVNT-USD | +0.0104% | 1h | 0.1179 | −0.017% | $18K | $262K | 10x | as long as short |
| BloFin AVNT-USDT | +0.0142% | 4h | 0.1179 | 0.000% | $163K | $56K | 75x | as long as short |
| GMX AVNT/USD [ETH-USDC] | L +0.0290% / S −0.0808% | 1h | 0.1180 | +0.089% | $7K | — | 100x | as long as short |
MEXC AVNT_USDT
KuCoin AVNTUSDTM
Bitget AVNTUSDT
BingX AVNT-USDT
Variational Omni AVNT
GRVT AVNT_USDT_Perp
SunX AVNT-USDT
HTX AVNT-USDT
Extended AVNT-USD
BloFin AVNT-USDT
GMX AVNT/USD [ETH-USDC]