Funding arb · Price arb /

AVNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0730%/8h= −79.9% APRpaid last 24h −0.053%

Price spread now: Backpack against MEXC+0.209%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 0.209% dearer against MEXC than usual: you sell high and buy low (spread +0.209% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVNT_USDT	0.1197	0.0100	pay 0.0050% / 4h	30m 06s	$2.4M	$911K	100x
Short	Backpack AVNT_USDC_PERP	0.1200	−0.0630	pay 0.0079% / 1h	30m 06s	$32K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$153.26
Price spread: +0.209% → 0.000%: $20.89
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$150.37
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	4.16 bp	8.2 bp −$8	66.3 bp −$663	292.7 bp −$29.3K	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	−0.1750%	1h	0.1198	+0.050%	$281	$123	10x	as long as short
Coinbase International AVNT-PERP-INTX	−0.1336%	1h	0.1208	+0.952%	$18K	$18K	50x	as long as short
Backpack AVNT_USDC_PERPshort	−0.0630%	1h	0.1200	+0.209%	$32K	$29K	5x
Aster AVNTUSDT	−0.0173%	4h	0.1200	+0.252%	$32K	$34K	5x	as long as short
KuCoin AVNTUSDTM	−0.0082%	4h	0.1199	+0.167%	$2.2M	$4.6M	25x	as long as short
BloFin AVNT-USDT	+0.0057%	4h	0.1201	+0.326%	$170K	$65K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1205	+0.635%	$55K	$63K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1198	+0.109%	$704K	$314K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1199	+0.153%	$3.4M	$6.7M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1197	+0.025%	$3.0M	$2.5M	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	0.1197	+0.025%	$755K	$2.1M	20x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1199	+0.167%	$289K	$171K	50x	as long as short
MEXC AVNT_USDTlong	+0.0100%	4h	0.1197	long leg	$2.4M	$911K	100x
Bitget AVNTUSDT	+0.0100%	4h	0.1198	+0.109%	$702K	$276K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1198	+0.067%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1199	+0.208%	$57K	$80K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1180	−1.443%	$200K	$985K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1200	+0.276%	$2K	$1.3M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1201	+0.368%	$36K	$62K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1197	+0.019%	$26K	$232K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0296% / S −0.0838%	1h	0.1200	+0.261%	$8K	—	100x	as long as short