Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.050%

Price spread now: Bybit against GMX−0.222%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.222% cheaper against GMX than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVNT/USD [ETH-USDC]	0.1213	L +0.0293% / S −0.0808%	pay 0.0037% / 1h	3m 10s	$8K	—	100x
Short	Bybit AVNTUSDT	0.1210	0.0100	get 0.0050% / 4h	3m 10s	$3.1M	$2.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GMX. 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 GMXbpFee BybitbpOrdersPrice spread, now −0.222%Rate

Funding earned: −$40.48
Price spread: −0.222% → 0.000%: −$22.17
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$85.66
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	2.91 bp	32.6 bp −$33	117.5 bp −$1,175	doesn't fit	doesn't fit

GMX: 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	0.1199	−1.129%	$17K	$19K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.1316%	1h	0.1211	−0.164%	$284	$123	10x	as long as short
Backpack AVNT_USDC_PERP	−0.0701%	1h	0.1209	−0.329%	$32K	$45K	5x	as long as short
KuCoin AVNTUSDTM	−0.0158%	4h	0.1211	−0.164%	$2.2M	$4.6M	25x	as long as short
Aster AVNTUSDT	−0.0097%	4h	0.1213	−0.024%	$32K	$36K	5x	as long as short
OKX AVNT-USDT-SWAP	+0.0030%	4h	0.1209	−0.354%	$773K	$2.3M	20x	as long as short
BloFin AVNT-USDT	+0.0079%	4h	0.1210	−0.271%	$174K	$55K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1214	+0.050%	$55K	$63K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1212	−0.090%	$710K	$334K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1211	−0.201%	$3.4M	$7.4M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AVNTUSDTshort	+0.0100%	4h	0.1210	−0.222%	$3.1M	$2.7M	50x
Gate AVNT_USDT	+0.0100%	8h	0.1211	−0.172%	$285K	$189K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1211	−0.172%	$2.4M	$953K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1211	−0.139%	$720K	$318K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1211	−0.214%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1203	−0.861%	$54K	$83K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1205	−0.629%	$204K	$1.0M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1215	+0.149%	$1K	$1.4M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1210	−0.288%	$38K	$72K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1210	−0.282%	$27K	$231K	10x	as long as short
GMX AVNT/USD [ETH-USDC]long	L +0.0293% / S −0.0808%	1h	0.1213	long leg	$8K	—	100x