Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0194%/8h= −21.3% APRpaid last 24h +0.047%

Price spread now: BingX against Backpack+0.068%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on BingX

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. BingX is 0.068% dearer against Backpack than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVNT_USDC_PERP	0.1185	0.0294	pay 0.0037% / 1h	22m 46s	$32K	$42K	5x
Short	BingX AVNT-USDT	0.1186	0.0100	get 0.0050% / 4h	2h 22m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Backpack. 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 BackpackbpFee BingXbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$40.77
Price spread: +0.068% → 0.000%: $6.75
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$54.02
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; BingX: live order book, 9 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 Backpack no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	4.65 bp	23.1 bp −$23	65.3 bp −$653	637.6 bp −$63.8K	doesn't fit

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 20 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	−0.1102%	1h	0.1182	−0.245%	$278	$123	10x	as long as short
Coinbase International AVNT-PERP-INTX	−0.0368%	1h	0.1169	−1.316%	$14K	$12K	50x	as long as short
Lighter AVNT	+0.0096%	1h	0.1190	+0.371%	$53K	$65K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1186	+0.042%	$699K	$312K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1186	+0.076%	$32K	$26K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1186	+0.046%	$3.3M	$6.3M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1186	+0.110%	$3.0M	$2.4M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1186	+0.076%	$736K	$2.0M	20x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1185	−0.008%	$275K	$125K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1187	+0.160%	$2.4M	$888K	100x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AVNTUSDTM	+0.0100%	4h	0.1186	+0.084%	$2.2M	$4.5M	25x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1187	+0.118%	$694K	$233K	20x	as long as short
BingX AVNT-USDTshort	+0.0100%	4h	0.1186	+0.068%	—	$6.6M	—
Variational Omni AVNT	+0.0100%	4h	0.1196	+0.941%	$22K	$46K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1192	+0.619%	$206K	$947K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1182	−0.253%	$1K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1197	+0.962%	$36K	$62K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1186	+0.056%	$26K	$240K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0294% / S −0.0838%	1h	0.1184	−0.127%	$8K	—	100x	as long as short
Backpack AVNT_USDC_PERPlong	+0.0294%	1h	0.1185	long leg	$32K	$42K	5x