Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.044%

Price spread now: Backpack against Binance+0.052%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Backpack

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

The price spread pays, funding is against you. Backpack is 0.052% dearer against Binance than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVNTUSDT	0.1158	0.0100	pay 0.0050% / 4h	12m 07s	$3.2M	$6.0M	50x
Short	Backpack AVNT_USDC_PERP	0.1158	0.0084	get 0.0010% / 1h	12m 07s	$31K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. 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 BinancebpFee BackpackbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$3.44
Price spread: +0.052% → 0.000%: $5.18
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$18.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago	3.03 bp	18.0 bp −$18	66.3 bp −$663	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	−0.0527%	1h	0.1157	−0.069%	$272	$123	10x	as long as short
KuCoin AVNTUSDTM	−0.0252%	4h	0.1157	−0.095%	$2.2M	$4.5M	25x	as long as short
BloFin AVNT-USDT	+0.0048%	4h	0.1157	−0.052%	$164K	$66K	75x	as long as short
Backpack AVNT_USDC_PERPshort	+0.0084%	1h	0.1158	+0.052%	$31K	$41K	5x
Lighter AVNT	+0.0096%	1h	0.1162	+0.320%	$52K	$66K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1158	−0.026%	$686K	$299K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1157	−0.038%	$31K	$19K	5x	as long as short
Binance AVNTUSDTlong	+0.0100%	4h	0.1158	long leg	$3.2M	$6.0M	50x
Bybit AVNTUSDT	+0.0100%	4h	0.1156	−0.130%	$2.8M	$2.2M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1157	−0.069%	$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	0.1157	−0.069%	$230K	$102K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1157	−0.069%	$2.4M	$820K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1158	−0.009%	$655K	$202K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1157	−0.078%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1156	−0.161%	$21K	$47K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1156	−0.155%	$195K	$1.0M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1159	+0.147%	$2K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1160	+0.199%	$35K	$66K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1157	−0.101%	$25K	$208K	10x	as long as short
Coinbase International AVNT-PERP-INTX	+0.0288%	1h	0.1155	−0.225%	$17K	$9K	50x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0290% / S −0.0838%	1h	0.1158	+0.013%	$7K	—	100x	as long as short