Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.070%

Price spread now: BingX against Backpack−0.211%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 BingX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. BingX is 0.211% cheaper against Backpack than usual: you would sell low and buy high (spread −0.211% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 2.9 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVNT_USDC_PERP	0.1183	−0.0142	get 0.0018% / 1h	0m 44s	$31K	$47K	5x
Short	BingX AVNT-USDT	0.1180	0.0100	get 0.0050% / 4h	2h 00m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.211%Rate

Funding earned: $50.83
Price spread: −0.211% → 0.000%: −$21.14
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $9.69
Costs to cover: 0.200%
Break-even: 5.7 days

Slippage unknown: Backpack: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	3.39 bp	24.0 bp −$24	73.5 bp −$735	716.4 bp −$71.6K	1321.4 bp −$660.7K

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
Coinbase International AVNT-PERP-INTX	−0.1552%	1h	0.1179	−0.304%	$14K	$22K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0427%	1h	0.1181	−0.152%	$155	$245	10x	as long as short
Backpack AVNT_USDC_PERPlong	−0.0142%	1h	0.1183	long leg	$31K	$47K	5x
BloFin AVNT-USDT	+0.0080%	4h	0.1183	+0.059%	$163K	$56K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1186	+0.279%	$54K	$51K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1182	−0.093%	$706K	$348K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1182	−0.089%	$31K	$45K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1181	−0.144%	$3.3M	$7.6M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1180	−0.262%	$2.9M	$2.8M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1180	−0.194%	$735K	$2.3M	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	0.1180	−0.228%	$249K	$216K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1181	−0.144%	$2.6M	$1.0M	100x	as long as short
KuCoin AVNTUSDTM	+0.0100%	4h	0.1181	−0.135%	$2.2M	$4.5M	25x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1181	−0.161%	$681K	$328K	20x	as long as short
BingX AVNT-USDTshort	+0.0100%	4h	0.1180	−0.211%	—	$6.6M	—
Variational Omni AVNT	+0.0100%	4h	0.1180	−0.209%	$18K	$117K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1184	+0.090%	$197K	$951K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1186	+0.245%	$1K	$1.4M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1183	+0.068%	$37K	$68K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1180	−0.269%	$20K	$258K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0290% / S −0.0808%	1h	0.1182	−0.046%	$7K	—	100x	as long as short