Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h −0.047%
Price spread now: Backpack against OKX+0.101%7-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 +$3 a day on $10k at the current rate, and Backpack is 0.101% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AVNT-USDT-SWAP | 0.1182 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $734K | $2.0M | 20x |
| Short | Backpack AVNT_USDC_PERP | 0.1183 | 0.0200 | get 0.0025% / 1h | 21m 09s | $32K | $42K | 5x |
OKX AVNT-USDT-SWAP
Backpack AVNT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against OKX. 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
- $21.05
- Price spread: +0.101% → 0.000%
- $10.15
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $11.2
- Costs to cover
- 0.200%
- Break-even
- 3.3 days
Slippage unknown: OKX: 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 OKX live order book, 1 min ago | 1.27 bp | 33.5 bp −$33 | 132.1 bp −$1,321 | 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 20 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 | −0.0932% | 1h | 0.1183 | +0.034% | $278 | $123 | 10x | as long as short |
| Coinbase International AVNT-PERP-INTX | −0.0368% | 1h | 0.1169 | −1.083% | $14K | $12K | 50x | as long as short |
| Lighter AVNT | +0.0096% | 1h | 0.1188 | +0.516% | $53K | $65K | 5x | as long as short |
| Hyperliquid AVNT | +0.0100% | 1h | 0.1183 | +0.042% | $697K | $312K | 5x | as long as short |
| Aster AVNTUSDT | +0.0100% | 4h | 0.1185 | +0.216% | $31K | $26K | 5x | as long as short |
| Binance AVNTUSDT | +0.0100% | 4h | 0.1183 | +0.026% | $3.3M | $6.2M | 50x | as long as short |
| Bybit AVNTUSDT | +0.0100% | 4h | 0.1183 | +0.042% | $3.0M | $2.4M | 50x | as long as short |
| OKX AVNT-USDT-SWAPlong | +0.0100% | 4h | 0.1182 | long leg | $734K | $2.0M | 20x | |
| Gate AVNT_USDT | +0.0100% | 8h | 0.1184 | +0.144% | $275K | $127K | 50x | as long as short |
| MEXC AVNT_USDT | +0.0100% | 4h | 0.1183 | +0.059% | $2.4M | $888K | 100x | as long as short |
Deribit AVNT_USDC-PERPETUAL
Coinbase International AVNT-PERP-INTX
Lighter AVNT
Hyperliquid AVNT
Aster AVNTUSDT
Binance AVNTUSDT
Bybit AVNTUSDT
Gate AVNT_USDT
MEXC AVNT_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AVNTUSDTM | +0.0100% | 4h | 0.1183 | +0.042% | $2.2M | $4.5M | 25x | as long as short |
| Bitget AVNTUSDT | +0.0100% | 4h | 0.1185 | +0.195% | $693K | $233K | 20x | as long as short |
| BingX AVNT-USDT | +0.0100% | 4h | 0.1183 | +0.034% | — | $6.6M | — | as long as short |
| Variational Omni AVNT | +0.0100% | 4h | 0.1196 | +1.180% | $22K | $46K | — | as long as short |
| GRVT AVNT_USDT_Perp | +0.0100% | 4h | 0.1184 | +0.144% | $197K | $952K | 10x | as long as short |
| SunX AVNT-USDT | +0.0100% | 4h | 0.1182 | +0.008% | $1K | $1.2M | 20x | as long as short |
| HTX AVNT-USDT | +0.0100% | 4h | 0.1185 | +0.262% | $36K | $62K | 10x | as long as short |
| Extended AVNT-USD | +0.0104% | 1h | 0.1182 | −0.019% | $26K | $240K | 10x | as long as short |
| Backpack AVNT_USDC_PERPshort | +0.0200% | 1h | 0.1183 | +0.101% | $32K | $42K | 5x | |
| GMX AVNT/USD [ETH-USDC] | L +0.0294% / S −0.0838% | 1h | 0.1184 | +0.137% | $8K | — | 100x | 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
GMX AVNT/USD [ETH-USDC]