Funding arb · Price arb /

AVNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.033%

Price spread now: Backpack against OKX+0.165%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.165% dearer against OKX than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVNT-USDT-SWAP	0.1154	0.0100	pay 0.0050% / 4h	3h 06m	$696K	$1.8M	20x
Short	Backpack AVNT_USDC_PERP	0.1156	−0.0154	pay 0.0019% / 1h	6m 16s	$30K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.165%Rate

Funding earned: −$53.27
Price spread: +0.165% → 0.000%: $16.47
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$56.8
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 6 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 OKX live order book, 6 min ago	3.91 bp	28.0 bp −$28	138.1 bp −$1,381	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
Deribit AVNT_USDC-PERPETUAL	−0.0442%	1h	0.1155	+0.087%	$271	$267	10x	as long as short
Bybit AVNTUSDT	−0.0404%	4h	0.1153	−0.026%	$2.8M	$2.3M	50x	as long as short
Backpack AVNT_USDC_PERPshort	−0.0154%	1h	0.1156	+0.165%	$30K	$44K	5x
KuCoin AVNTUSDTM	−0.0128%	4h	0.1153	−0.069%	$2.2M	$4.4M	25x	as long as short
Lighter AVNT	+0.0096%	1h	0.1160	+0.520%	$50K	$65K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1154	+0.052%	$671K	$291K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1154	+0.031%	$31K	$22K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1154	+0.030%	$3.3M	$6.0M	50x	as long as short
OKX AVNT-USDT-SWAPlong	+0.0100%	4h	0.1154	long leg	$696K	$1.8M	20x
Gate AVNT_USDT	+0.0100%	8h	0.1152	−0.147%	$227K	$105K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AVNT_USDT	+0.0100%	4h	0.1154	+0.026%	$2.6M	$763K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1155	+0.104%	$655K	$189K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1154	+0.009%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1151	−0.261%	$21K	$50K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1152	−0.147%	$196K	$1.1M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1158	+0.347%	$2K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1154	−0.009%	$35K	$67K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1154	−0.009%	$25K	$210K	10x	as long as short
BloFin AVNT-USDT	+0.0143%	4h	0.1154	+0.009%	$169K	$74K	75x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0289% / S −0.0838%	1h	0.1155	+0.120%	$7K	—	100x	as long as short
Coinbase International AVNT-PERP-INTX	+0.0360%	1h	0.1155	+0.130%	$17K	$10K	50x	as long as short