Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0624%/8h= +68.4% APRpaid last 24h +0.033%

Price spread now: MEXC against Backpack−0.139%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 MEXC

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. MEXC is 0.139% cheaper against Backpack than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 18 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVNT_USDC_PERP	0.1153	−0.0524	get 0.0066% / 1h	55m 36s	$30K	$42K	5x
Short	MEXC AVNT_USDT	0.1151	0.0100	get 0.0050% / 4h	2h 55m	$2.6M	$759K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.139%Rate

Funding earned: $131.14
Price spread: −0.139% → 0.000%: −$13.88
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $99.26
Costs to cover: 0.180%
Break-even: 1.7 days

Slippage unknown: Backpack: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	26.06 bp	92.7 bp −$93	122.8 bp −$1,228	305.4 bp −$30.5K	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	−0.0531%	1h	0.1152	−0.078%	$271	$267	10x	as long as short
Backpack AVNT_USDC_PERPlong	−0.0524%	1h	0.1153	long leg	$30K	$42K	5x
Bybit AVNTUSDT	−0.0292%	4h	0.1152	−0.052%	$2.8M	$2.3M	50x	as long as short
KuCoin AVNTUSDTM	−0.0190%	4h	0.1151	−0.174%	$2.2M	$4.4M	25x	as long as short
BloFin AVNT-USDT	+0.0087%	4h	0.1152	−0.043%	$168K	$74K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1158	+0.451%	$50K	$63K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1151	−0.100%	$669K	$291K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1152	−0.022%	$31K	$22K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1153	+0.009%	$3.3M	$6.0M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1152	−0.043%	$694K	$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	−0.226%	$227K	$102K	50x	as long as short
MEXC AVNT_USDTshort	+0.0100%	4h	0.1151	−0.139%	$2.6M	$759K	100x
Bitget AVNTUSDT	+0.0100%	4h	0.1153	+0.052%	$654K	$191K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1151	−0.104%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1151	−0.135%	$21K	$50K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1153	+0.041%	$195K	$1.1M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1155	+0.252%	$2K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1156	+0.295%	$35K	$67K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1152	−0.064%	$25K	$210K	10x	as long as short
Coinbase International AVNT-PERP-INTX	+0.0240%	1h	0.1155	+0.226%	$17K	$10K	50x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0290% / S −0.0838%	1h	0.1152	−0.023%	$7K	—	100x	as long as short