Settings8H · net · $10k
Funding arb · Price arb /

AVNT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.011%
Price spread now: Hyperliquid against KuCoin0.000%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1211.206% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.154%−$15 on $10k
Price spread, last 4 days (all we have)−0.048%−$5 · spread now 0.000%, 7d avg −0.057%
Together, before fees−0.202%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.057% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.057%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin AVNTUSDTM0.1159−0.0244get 0.0122% / 4h7m 29s$2.2M$4.5M25x
ShortHyperliquid AVNT0.11590.0100get 0.0013% / 1h7m 29s$687K$298K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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

Funding earned
$72.24
Price spread: 0.000% → −0.057%
$5.75
Slippage, 4 orders
−$99.64
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$42.65
Costs to cover
1.206%
Break-even
11.1 days
Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 62 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago1.73 bp45.4 bp −$45799.0 bp −$7,990doesn't fitdoesn't fit
Sell Hyperliquid live order book, 62 min ago1.30 bp23.2 bp −$23doesn't fitdoesn't fitdoesn't fit

AVNT on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AVNT_USDC-PERPETUAL−0.0267%1h0.1160+0.035%$272$12310xas long as short
KuCoin AVNTUSDTMlong−0.0244%4h0.1159long leg$2.2M$4.5M25x
BloFin AVNT-USDT+0.0041%4h0.1159−0.017%$164K$65K75xas long as short
Lighter AVNT+0.0096%1h0.1163+0.345%$52K$66K5xas long as short
Hyperliquid AVNTshort+0.0100%1h0.11590.000%$687K$298K5x
Aster AVNTUSDT+0.0100%4h0.1160+0.029%$31K$19K5xas long as short
Binance AVNTUSDT+0.0100%4h0.11590.000%$3.2M$6.0M50xas long as short
Bybit AVNTUSDT+0.0100%4h0.1158−0.078%$2.8M$2.2M50xas long as short
OKX AVNT-USDT-SWAP+0.0100%4h0.1158−0.112%$704K$1.9M20xas long as short
Gate AVNT_USDT+0.0100%8h0.1159−0.026%$230K$102K50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC AVNT_USDT+0.0100%4h0.1159−0.026%$2.4M$820K100xas long as short
Bitget AVNTUSDT+0.0100%4h0.1160+0.035%$656K$202K20xas long as short
BingX AVNT-USDT+0.0100%4h0.11590.000%$6.6Mas long as short
Backpack AVNT_USDC_PERP+0.0100%1h0.1161+0.173%$31K$41K5xas long as short
Variational Omni AVNT+0.0100%4h0.1156−0.269%$21K$47Kas long as short
GRVT AVNT_USDT_Perp+0.0100%4h0.1160+0.037%$196K$990K10xas long as short
SunX AVNT-USDT+0.0100%4h0.1162+0.207%$1K$1.2M20xas long as short
HTX AVNT-USDT+0.0100%4h0.1159+0.009%$35K$66K10xas long as short
Extended AVNT-USD+0.0104%1h0.1158−0.069%$25K$208K10xas long as short
Coinbase International AVNT-PERP-INTX+0.0288%1h0.1155−0.354%$17K$9K50xas long as short
GMX AVNT/USD [ETH-USDC]L +0.0290% / S −0.0838%1h0.1160+0.041%$7K100xas long as short