Funding you earn now, next payment 08:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.030%
Price spread now: Backpack against KuCoin+0.051%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 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
The price spread pays, funding is against you. Backpack is 0.051% dearer against KuCoin than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AVNTUSDTM | 0.1179 | 0.0100 | pay 0.0050% / 4h | 46m 38s | $2.2M | $4.4M | 25x |
| Short | Backpack AVNT_USDC_PERP | 0.1179 | 0.0061 | get 0.0008% / 1h | 46m 38s | $31K | $48K | 5x |
KuCoin AVNTUSDTM
Backpack AVNT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- −$8.29
- Price spread: +0.051% → 0.000%
- $5.09
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$25.2
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 1 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 KuCoin live order book, 1 min ago | 4.67 bp | 68.8 bp −$69 | 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.
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-PERPETUAL | −0.0683% | 1h | 0.1178 | −0.076% | $154 | $245 | 10x | as long as short |
| Coinbase International AVNT-PERP-INTX | −0.0440% | 1h | 0.1179 | +0.025% | $14K | $21K | 50x | as long as short |
| Backpack AVNT_USDC_PERPshort | +0.0061% | 1h | 0.1179 | +0.051% | $31K | $48K | 5x | |
| Lighter AVNT | +0.0096% | 1h | 0.1184 | +0.467% | $54K | $48K | 5x | as long as short |
| Hyperliquid AVNT | +0.0100% | 1h | 0.1179 | −0.014% | $706K | $337K | 5x | as long as short |
| Aster AVNTUSDT | +0.0100% | 4h | 0.1180 | +0.064% | $31K | $51K | 5x | as long as short |
| Binance AVNTUSDT | +0.0100% | 4h | 0.1178 | −0.083% | $3.3M | $7.4M | 50x | as long as short |
| Bybit AVNTUSDT | +0.0100% | 4h | 0.1176 | −0.204% | $2.9M | $2.7M | 50x | as long as short |
| OKX AVNT-USDT-SWAP | +0.0100% | 4h | 0.1178 | −0.076% | $718K | $2.2M | 20x | as long as short |
| Gate AVNT_USDT | +0.0100% | 8h | 0.1178 | −0.068% | $244K | $200K | 50x | as long as short |
Deribit AVNT_USDC-PERPETUAL
Coinbase International AVNT-PERP-INTX
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 | 0.1178 | −0.068% | $2.6M | $997K | 100x | as long as short |
| KuCoin AVNTUSDTMlong | +0.0100% | 4h | 0.1179 | long leg | $2.2M | $4.4M | 25x | |
| Bitget AVNTUSDT | +0.0100% | 4h | 0.1178 | −0.034% | $676K | $318K | 20x | as long as short |
| BingX AVNT-USDT | +0.0100% | 4h | 0.1179 | +0.025% | — | $6.6M | — | as long as short |
| Variational Omni AVNT | +0.0100% | 4h | 0.1175 | −0.325% | $18K | $116K | — | as long as short |
| GRVT AVNT_USDT_Perp | +0.0100% | 4h | 0.1178 | −0.084% | $198K | $944K | 10x | as long as short |
| SunX AVNT-USDT | +0.0100% | 4h | 0.1181 | +0.204% | $1K | $1.4M | 20x | as long as short |
| HTX AVNT-USDT | +0.0100% | 4h | 0.1178 | −0.068% | $36K | $62K | 10x | as long as short |
| Extended AVNT-USD | +0.0104% | 1h | 0.1177 | −0.121% | $17K | $264K | 10x | as long as short |
| BloFin AVNT-USDT | +0.0131% | 4h | 0.1178 | −0.051% | $163K | $56K | 75x | as long as short |
| GMX AVNT/USD [ETH-USDC] | L +0.0290% / S −0.0808% | 1h | 0.1179 | −0.019% | $7K | — | 100x | as long as short |
MEXC AVNT_USDT
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]