Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0475%/8h= +52.0% APRpaid last 24h +0.019%

Price spread now: KuCoin against Backpack−0.220%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 KuCoin

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—needs both histories

Funding pays, the price is against you. KuCoin is 0.220% cheaper against Backpack than usual: you would sell low and buy high (spread −0.220% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 37 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVNT_USDC_PERP	0.1184	−0.0509	get 0.0064% / 1h	52m 22s	$32K	$27K	5x
Short	KuCoin AVNTUSDTM	0.1182	−0.0034	pay 0.0017% / 4h	52m 22s	$2.2M	$4.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.220%Rate

Funding earned: $99.74
Price spread: −0.220% → 0.000%: −$21.95
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $55.79
Costs to cover: 0.220%
Break-even: 3.1 days

Slippage unknown: Backpack: no order-book sample; KuCoin: live order book, just now. 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 KuCoin live order book, just now	3.39 bp	53.2 bp −$53	664.5 bp −$6,645	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
Coinbase International AVNT-PERP-INTX	−0.1336%	1h	0.1169	−1.258%	$14K	$12K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0763%	1h	0.1183	−0.093%	$278	$123	10x	as long as short
Backpack AVNT_USDC_PERPlong	−0.0509%	1h	0.1184	long leg	$32K	$27K	5x
Aster AVNTUSDT	−0.0114%	4h	0.1183	−0.128%	$31K	$29K	5x	as long as short
KuCoin AVNTUSDTMshort	−0.0034%	4h	0.1182	−0.220%	$2.2M	$4.5M	25x
BloFin AVNT-USDT	+0.0092%	4h	0.1183	−0.127%	$169K	$64K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1187	+0.186%	$54K	$63K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1181	−0.270%	$695K	$300K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1180	−0.332%	$3.3M	$6.3M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1181	−0.287%	$3.0M	$2.4M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1180	−0.397%	$736K	$2.0M	20x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1183	−0.118%	$285K	$145K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1181	−0.287%	$2.4M	$903K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1182	−0.236%	$689K	$239K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1183	−0.144%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1184	−0.071%	$56K	$80K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1178	−0.579%	$198K	$974K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1187	+0.236%	$2K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1186	+0.127%	$36K	$62K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1181	−0.320%	$26K	$232K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0294% / S −0.0838%	1h	0.1182	−0.194%	$8K	—	100x	as long as short