Funding you earn now, next payment 11:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.057%
Price spread now: Bybit against GMX−0.159%61s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.159% cheaper against GMX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 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 | GMX AVNT/USD [ETH-USDC] | 0.1160 | L +0.0287% / S −0.0808% | pay 0.0036% / 1h | 54m 19s | $7K | — | 100x |
| Short | Bybit AVNTUSDT | 0.1158 | 0.0100 | get 0.0050% / 4h | 1h 54m | $2.8M | $2.2M | 50x |
GMX AVNT/USD [ETH-USDC]
Bybit AVNTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GMX. 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
- −$39.31
- Price spread: −0.159% → 0.000%
- −$15.95
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$78.26
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 1 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 2.16 bp | 38.5 bp −$38 | 127.6 bp −$1,276 | doesn't fit | doesn't fit |
GMX: 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 exchanges
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 | −0.0095% | 1h | 0.1159 | −0.047% | $152 | $445 | 10x | as long as short |
| BloFin AVNT-USDT | +0.0053% | 4h | 0.1161 | +0.047% | $160K | $54K | 75x | as long as short |
| Lighter AVNT | +0.0096% | 1h | 0.1164 | +0.323% | $51K | $49K | 5x | as long as short |
| Hyperliquid AVNT | +0.0100% | 1h | 0.1160 | −0.039% | $662K | $336K | 5x | as long as short |
| Aster AVNTUSDT | +0.0100% | 4h | 0.1161 | +0.079% | $30K | $49K | 5x | as long as short |
| Binance AVNTUSDT | +0.0100% | 4h | 0.1159 | −0.048% | $3.2M | $6.9M | 50x | as long as short |
| Bybit AVNTUSDTshort | +0.0100% | 4h | 0.1158 | −0.159% | $2.8M | $2.2M | 50x | |
| OKX AVNT-USDT-SWAP | +0.0100% | 4h | 0.1158 | −0.151% | $691K | $1.9M | 20x | as long as short |
| Gate AVNT_USDT | +0.0100% | 8h | 0.1159 | −0.091% | $225K | $266K | 50x | as long as short |
| MEXC AVNT_USDT | +0.0100% | 4h | 0.1160 | −0.004% | $2.5M | $977K | 100x | as long as short |
Deribit AVNT_USDC-PERPETUAL
BloFin AVNT-USDT
Lighter AVNT
Hyperliquid AVNT
Aster AVNTUSDT
Binance AVNTUSDT
OKX AVNT-USDT-SWAP
Gate AVNT_USDT
MEXC AVNT_USDTShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AVNTUSDTM | +0.0100% | 4h | 0.1161 | +0.039% | $2.1M | $4.4M | 25x | as long as short |
| Bitget AVNTUSDT | +0.0100% | 4h | 0.1160 | +0.004% | $672K | $293K | 20x | as long as short |
| BingX AVNT-USDT | +0.0100% | 4h | 0.1159 | −0.082% | — | $6.6M | — | as long as short |
| Variational Omni AVNT | +0.0100% | 4h | 0.1158 | −0.155% | $19K | $111K | — | as long as short |
| GRVT AVNT_USDT_Perp | +0.0100% | 4h | 0.1164 | +0.321% | $191K | $895K | 10x | as long as short |
| SunX AVNT-USDT | +0.0100% | 4h | 0.1161 | +0.073% | $2K | $1.3M | 20x | as long as short |
| HTX AVNT-USDT | +0.0100% | 4h | 0.1160 | −0.013% | $36K | $31K | 10x | as long as short |
| Extended AVNT-USD | +0.0104% | 1h | 0.1159 | −0.115% | $20K | $260K | 10x | as long as short |
| GMX AVNT/USD [ETH-USDC]long | L +0.0287% / S −0.0808% | 1h | 0.1160 | long leg | $7K | — | 100x | |
| Coinbase International AVNT-PERP-INTX | +0.0536% | 1h | 0.1179 | +1.642% | $14K | $16K | 50x | as long as short |
| Backpack AVNT_USDC_PERP | +0.0975% | 1h | 0.1161 | +0.091% | $30K | $42K | 5x | as long as short |
KuCoin AVNTUSDTM
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
Backpack AVNT_USDC_PERP