Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0407%/8h= −44.6% APRpaid last 24h −0.081%

Price spread now: Backpack against GRVT+0.149%7-day average — · you sell dearer than you buy

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. Backpack is 0.149% dearer against GRVT than usual: you sell high and buy low (spread +0.149% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVNT_USDT_Perp	0.1174	0.0100	pay 0.0050% / 4h	3h 05m	$189K	$924K	10x
Short	Backpack AVNT_USDC_PERP	0.1176	−0.0307	pay 0.0038% / 1h	5m 06s	$31K	$45K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GRVT. 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 GRVTbpFee BackpackbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$85.51
Price spread: +0.149% → 0.000%: $14.87
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$89.64
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 43 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 GRVT live order book, 43 min ago	8.52 bp	71.3 bp −$71	411.7 bp −$4,117	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
Backpack AVNT_USDC_PERPshort	−0.0307%	1h	0.1176	+0.149%	$31K	$45K	5x
Deribit AVNT_USDC-PERPETUAL	−0.0090%	1h	0.1175	+0.064%	$154	$445	10x	as long as short
Coinbase International AVNT-PERP-INTX	0.0000%	1h	0.1179	+0.396%	$14K	$17K	50x	as long as short
BloFin AVNT-USDT	+0.0051%	4h	0.1175	+0.038%	$161K	$55K	75x	as long as short
Variational Omni AVNT	+0.0084%	4h	0.1174	−0.068%	$19K	$114K	—	as long as short
Lighter AVNT	+0.0096%	1h	0.1178	+0.293%	$52K	$48K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1175	+0.029%	$673K	$346K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1176	+0.106%	$31K	$52K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1175	+0.042%	$3.2M	$7.1M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1174	−0.056%	$2.9M	$2.3M	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	0.1174	−0.039%	$706K	$2.0M	20x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1174	−0.039%	$243K	$199K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1176	+0.132%	$2.6M	$1.0M	100x	as long as short
KuCoin AVNTUSDTM	+0.0100%	4h	0.1176	+0.106%	$2.2M	$4.3M	25x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1176	+0.123%	$682K	$316K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1174	−0.013%	—	$6.6M	—	as long as short
GRVT AVNT_USDT_Perplong	+0.0100%	4h	0.1174	long leg	$189K	$924K	10x
SunX AVNT-USDT	+0.0100%	4h	0.1178	+0.345%	$2K	$1.3M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1175	+0.072%	$36K	$50K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1174	−0.027%	$18K	$265K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0289% / S −0.0808%	1h	0.1175	+0.080%	$7K	—	100x	as long as short