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 Bybit+0.173%45s7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.173% dearer against Bybit than usual: you sell high and buy low (spread +0.173% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 35 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVNTUSDT	0.1156	0.0100	pay 0.0050% / 4h	11m 21s	$2.8M	$2.2M	50x
Short	Backpack AVNT_USDC_PERP	0.1158	0.0084	get 0.0010% / 1h	11m 21s	$31K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bybit. 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 BybitbpFee BackpackbpOrdersPrice spread, now +0.173%Rate

Funding earned: −$3.44
Price spread: +0.173% → 0.000%: $17.3
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$7.14
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.30 bp	27.9 bp −$28	122.0 bp −$1,220	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	−0.0441%	1h	0.1158	+0.095%	$272	$123	10x	as long as short
KuCoin AVNTUSDTM	−0.0254%	4h	0.1157	+0.026%	$2.2M	$4.5M	25x	as long as short
BloFin AVNT-USDT	+0.0048%	4h	0.1157	+0.069%	$164K	$66K	75x	as long as short
Backpack AVNT_USDC_PERPshort	+0.0084%	1h	0.1158	+0.173%	$31K	$41K	5x
Lighter AVNT	+0.0096%	1h	0.1161	+0.372%	$52K	$66K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1158	+0.101%	$686K	$299K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1157	+0.086%	$31K	$19K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1157	+0.078%	$3.2M	$6.0M	50x	as long as short
Bybit AVNTUSDTlong	+0.0100%	4h	0.1156	long leg	$2.8M	$2.2M	50x
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1157	+0.052%	$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	+0.052%	$230K	$102K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1157	+0.052%	$2.4M	$820K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1158	+0.104%	$655K	$202K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1157	+0.026%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1156	−0.019%	$21K	$47K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1158	+0.135%	$196K	$990K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1159	+0.242%	$2K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1160	+0.320%	$35K	$66K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1157	+0.017%	$25K	$208K	10x	as long as short
Coinbase International AVNT-PERP-INTX	+0.0288%	1h	0.1155	−0.104%	$17K	$9K	50x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0290% / S −0.0838%	1h	0.1158	+0.123%	$7K	—	100x	as long as short