Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0756%/8h= −82.7% APRpaid last 24h −0.053%

Price spread now: Backpack against BingX+0.675%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.675% dearer against BingX than usual: you sell high and buy low (spread +0.675% now, against zero (this spread has no 7-day history yet)): +$67 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVNT-USDT	0.1201	0.0100	pay 0.0050% / 4h	31m 35s	—	$6.6M	—
Short	Backpack AVNT_USDC_PERP	0.1209	−0.0656	pay 0.0082% / 1h	31m 35s	$32K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BingX. 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 BingXbpFee BackpackbpOrdersPrice spread, now +0.675%Rate

Funding earned: −$158.66
Price spread: +0.675% → 0.000%: $67.46
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$111.21
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: 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 BingX live order book, 5 min ago	5.09 bp	26.5 bp −$26	81.1 bp −$811	639.3 bp −$63.9K	1136.8 bp −$568.4K
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
Coinbase International AVNT-PERP-INTX	−0.1336%	1h	0.1208	+0.633%	$18K	$18K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0659%	1h	0.1209	+0.708%	$284	$123	10x	as long as short
Backpack AVNT_USDC_PERPshort	−0.0656%	1h	0.1209	+0.675%	$32K	$28K	5x
Aster AVNTUSDT	−0.0183%	4h	0.1203	+0.160%	$32K	$34K	5x	as long as short
KuCoin AVNTUSDTM	−0.0086%	4h	0.1203	+0.183%	$2.2M	$4.6M	25x	as long as short
BloFin AVNT-USDT	+0.0092%	4h	0.1203	+0.183%	$171K	$65K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1209	+0.675%	$55K	$63K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1205	+0.350%	$708K	$313K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1201	+0.017%	$3.4M	$6.7M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1199	−0.150%	$3.0M	$2.5M	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	0.1199	−0.167%	$756K	$2.1M	20x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1203	+0.183%	$290K	$165K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1203	+0.183%	$2.5M	$909K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1204	+0.266%	$706K	$275K	20x	as long as short
BingX AVNT-USDTlong	+0.0100%	4h	0.1201	long leg	—	$6.6M	—
Variational Omni AVNT	+0.0100%	4h	0.1178	−1.928%	$56K	$80K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1180	−1.755%	$200K	$985K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1210	+0.799%	$1K	$1.3M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1208	+0.591%	$37K	$62K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1200	−0.037%	$26K	$232K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0297% / S −0.0838%	1h	0.1209	+0.713%	$8K	—	100x	as long as short