Funding arb · Price arb /

AVNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0449%/8h= −49.2% APRpaid last 24h −0.067%

Price spread now: Backpack against Gate+0.212%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 6 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 0.212% dearer against Gate than usual: you sell high and buy low (spread +0.212% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVNT_USDT	0.1179	0.0100	pay 0.0100% / 8h	3h 34m	$279K	$200K	50x
Short	Backpack AVNT_USDC_PERP	0.1182	−0.0349	pay 0.0044% / 1h	34m 24s	$32K	$47K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.212%Rate

Funding earned: −$94.27
Price spread: +0.212% → 0.000%: $21.2
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$98.07
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 13 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 Gate live order book, 13 min ago	8.58 bp	61.9 bp −$62	4556.8 bp −$45.6K	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
Coinbase International AVNT-PERP-INTX	−0.1456%	1h	0.1152	−2.290%	$16K	$19K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0430%	1h	0.1176	−0.246%	$276	$123	10x	as long as short
Backpack AVNT_USDC_PERPshort	−0.0349%	1h	0.1182	+0.212%	$32K	$47K	5x
Aster AVNTUSDT	−0.0116%	4h	0.1180	+0.073%	$31K	$44K	5x	as long as short
KuCoin AVNTUSDTM	−0.0068%	4h	0.1178	−0.068%	$2.2M	$4.6M	25x	as long as short
OKX AVNT-USDT-SWAP	+0.0003%	4h	0.1176	−0.271%	$726K	$2.5M	20x	as long as short
BloFin AVNT-USDT	+0.0043%	4h	0.1174	−0.450%	$165K	$55K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1185	+0.500%	$54K	$56K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1177	−0.161%	$695K	$355K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1177	−0.202%	$3.2M	$8.1M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AVNTUSDT	+0.0100%	4h	0.1176	−0.229%	$3.0M	$2.8M	50x	as long as short
Gate AVNT_USDTlong	+0.0100%	8h	0.1179	long leg	$279K	$200K	50x
MEXC AVNT_USDT	+0.0100%	4h	0.1178	−0.085%	$2.5M	$995K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1178	−0.093%	$691K	$364K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1177	−0.144%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1171	−0.704%	$53K	$84K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1172	−0.596%	$196K	$1.0M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1180	+0.085%	$1K	$1.5M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1171	−0.704%	$36K	$73K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1176	−0.279%	$28K	$227K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0289% / S −0.0808%	1h	0.1177	−0.166%	$7K	—	100x	as long as short