Funding you earn now, next payment 03:00 UTC−0.0646%/8h= −70.7% APRpaid last 24h −0.046%
Price spread now: Backpack against SunX−0.135%49s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$19 a day on $10k at the current rate, and Backpack is 0.135% cheaper against SunX than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | SunX AVNT-USDT | 0.1182 | 0.0100 | pay 0.0050% / 4h | 1h 39m | $2K | $1.2M | 20x |
| Short | Backpack AVNT_USDC_PERP | 0.1181 | −0.0546 | pay 0.0068% / 1h | 39m 11s | $32K | $26K | 5x |
SunX AVNT-USDT
Backpack AVNT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. 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
- −$135.59
- Price spread: −0.135% → 0.000%
- −$13.53
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$167.13
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 5 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 SunX live order book, 5 min ago | 475.39 bp | doesn't fit | 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 | −0.0937% | 1h | 0.1178 | −0.389% | $277 | $123 | 10x | as long as short |
| Coinbase International AVNT-PERP-INTX | −0.0856% | 1h | 0.1169 | −1.091% | $14K | $12K | 50x | as long as short |
| Backpack AVNT_USDC_PERPshort | −0.0546% | 1h | 0.1181 | −0.135% | $32K | $26K | 5x | |
| Aster AVNTUSDT | +0.0093% | 4h | 0.1179 | −0.263% | $31K | $26K | 5x | as long as short |
| Lighter AVNT | +0.0096% | 1h | 0.1183 | +0.093% | $53K | $63K | 5x | as long as short |
| BloFin AVNT-USDT | +0.0098% | 4h | 0.1181 | −0.135% | $168K | $64K | 75x | as long as short |
| Hyperliquid AVNT | +0.0100% | 1h | 0.1179 | −0.277% | $693K | $301K | 5x | as long as short |
| Binance AVNTUSDT | +0.0100% | 4h | 0.1178 | −0.411% | $3.3M | $6.2M | 50x | as long as short |
| Bybit AVNTUSDT | +0.0100% | 4h | 0.1178 | −0.364% | $2.9M | $2.4M | 50x | as long as short |
| OKX AVNT-USDT-SWAP | +0.0100% | 4h | 0.1177 | −0.440% | $729K | $2.0M | 20x | as long as short |
Deribit AVNT_USDC-PERPETUAL
Coinbase International AVNT-PERP-INTX
Aster AVNTUSDT
Lighter AVNT
BloFin AVNT-USDT
Hyperliquid AVNT
Binance AVNTUSDT
Bybit AVNTUSDT
OKX AVNT-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AVNT_USDT | +0.0100% | 8h | 0.1179 | −0.288% | $284K | $144K | 50x | as long as short |
| MEXC AVNT_USDT | +0.0100% | 4h | 0.1179 | −0.288% | $2.4M | $895K | 100x | as long as short |
| KuCoin AVNTUSDTM | +0.0100% | 4h | 0.1179 | −0.262% | $2.2M | $4.5M | 25x | as long as short |
| Bitget AVNTUSDT | +0.0100% | 4h | 0.1179 | −0.321% | $685K | $236K | 20x | as long as short |
| BingX AVNT-USDT | +0.0100% | 4h | 0.1178 | −0.347% | — | $6.6M | — | as long as short |
| Variational Omni AVNT | +0.0100% | 4h | 0.1177 | −0.472% | $22K | $45K | — | as long as short |
| GRVT AVNT_USDT_Perp | +0.0100% | 4h | 0.1180 | −0.245% | $196K | $944K | 10x | as long as short |
| SunX AVNT-USDTlong | +0.0100% | 4h | 0.1182 | long leg | $2K | $1.2M | 20x | |
| HTX AVNT-USDT | +0.0100% | 4h | 0.1179 | −0.245% | $36K | $62K | 10x | as long as short |
| Extended AVNT-USD | +0.0104% | 1h | 0.1177 | −0.479% | $26K | $237K | 10x | as long as short |
| GMX AVNT/USD [ETH-USDC] | L +0.0294% / S −0.0838% | 1h | 0.1179 | −0.304% | $8K | — | 100x | as long as short |
Gate AVNT_USDT
MEXC AVNT_USDT
KuCoin AVNTUSDTM
Bitget AVNTUSDT
BingX AVNT-USDT
Variational Omni AVNT
GRVT AVNT_USDT_Perp
HTX AVNT-USDT
Extended AVNT-USD
GMX AVNT/USD [ETH-USDC]