AVNT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h +0.030%

Price spread now: Hyperliquid against Backpack−0.087%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Hyperliquid

What this pair did over the last

the charts below follow

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.087% cheaper against Backpack than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVNT_USDC_PERP	0.1152	0.0019	pay 0.0002% / 1h	50m 45s	$30K	$42K	5x
Short	Hyperliquid AVNT	0.1151	0.0100	get 0.0013% / 1h	50m 45s	$669K	$291K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee HyperliquidbpOrdersPrice spread, now −0.087%Rate

Funding earned: $17.04
Price spread: −0.087% → 0.000%: −$8.68
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$10.64
Costs to cover: 0.190%
Break-even: 11.4 days

Slippage unknown: Backpack: no order-book sample; Hyperliquid: live order book, 34 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 Backpack no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 34 min ago	1.30 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit

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	−0.0618%	1h	0.1151	−0.087%	$270	$267	10x	as long as short
KuCoin AVNTUSDTM	−0.0212%	4h	0.1151	−0.139%	$2.2M	$4.4M	25x	as long as short
Bybit AVNTUSDT	−0.0148%	4h	0.1150	−0.182%	$2.8M	$2.3M	50x	as long as short
Backpack AVNT_USDC_PERPlong	+0.0019%	1h	0.1152	long leg	$30K	$42K	5x
BloFin AVNT-USDT	+0.0070%	4h	0.1151	−0.104%	$167K	$74K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1157	+0.399%	$50K	$63K	5x	as long as short
Hyperliquid AVNTshort	+0.0100%	1h	0.1151	−0.087%	$669K	$291K	5x
Aster AVNTUSDT	+0.0100%	4h	0.1152	−0.055%	$31K	$22K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1151	−0.078%	$3.3M	$6.0M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1150	−0.191%	$693K	$1.8M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVNT_USDT	+0.0100%	8h	0.1150	−0.200%	$227K	$102K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1148	−0.373%	$2.6M	$760K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1151	−0.095%	$652K	$191K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1150	−0.156%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1151	−0.109%	$21K	$50K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1153	+0.046%	$195K	$1.1M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1154	+0.148%	$2K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1150	−0.165%	$35K	$67K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1151	−0.151%	$25K	$210K	10x	as long as short
Coinbase International AVNT-PERP-INTX	+0.0240%	1h	0.1155	+0.252%	$17K	$10K	50x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0290% / S −0.0838%	1h	0.1152	−0.044%	$7K	—	100x	as long as short