Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0310%/8h= +34.0% APRpaid last 24h +0.036%

Price spread now: OKX against Backpack−0.191%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on OKX

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

Funding pays, the price is against you. OKX is 0.191% cheaper against Backpack than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 2.1 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVNT_USDC_PERP	0.1150	−0.0210	get 0.0026% / 1h	8m 42s	$30K	$41K	5x
Short	OKX AVNT-USDT-SWAP	0.1147	0.0100	get 0.0050% / 4h	2h 08m	$690K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.191%Rate

Funding earned: $65.16
Price spread: −0.191% → 0.000%: −$19.14
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $26.02
Costs to cover: 0.200%
Break-even: 4.2 days

Slippage unknown: Backpack: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	2.18 bp	30.2 bp −$30	208.8 bp −$2,088	doesn't fit	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 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	−0.0620%	1h	0.1149	−0.087%	$270	$267	10x	as long as short
Backpack AVNT_USDC_PERPlong	−0.0210%	1h	0.1150	long leg	$30K	$41K	5x
KuCoin AVNTUSDTM	−0.0200%	4h	0.1149	−0.061%	$2.2M	$4.4M	25x	as long as short
BloFin AVNT-USDT	+0.0082%	4h	0.1148	−0.130%	$165K	$73K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1154	+0.400%	$52K	$66K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1149	−0.070%	$674K	$293K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1150	+0.005%	$31K	$22K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1148	−0.118%	$3.2M	$5.9M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1148	−0.165%	$2.8M	$2.3M	50x	as long as short
OKX AVNT-USDT-SWAPshort	+0.0100%	4h	0.1147	−0.191%	$690K	$1.8M	20x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVNT_USDT	+0.0100%	8h	0.1150	+0.035%	$228K	$103K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1149	−0.052%	$2.5M	$781K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1150	+0.070%	$652K	$191K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1148	−0.122%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1148	−0.146%	$21K	$47K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1151	+0.122%	$195K	$1.1M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1151	+0.139%	$2K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1153	+0.252%	$35K	$66K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1148	−0.143%	$25K	$210K	10x	as long as short
Coinbase International AVNT-PERP-INTX	+0.0240%	1h	0.1155	+0.487%	$17K	$10K	50x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0289% / S −0.0838%	1h	0.1149	−0.037%	$7K	—	100x	as long as short