Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0738%/8h= +80.8% APRpaid last 24h +0.200%

Price spread now: GMX against Bybit+0.104%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and GMX is 0.104% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVNTUSDT	0.1161	0.0100	pay 0.0050% / 4h	3h 26m	$2.9M	$2.3M	50x
Short	GMX AVNT/USD [ETH-USDC]	0.1162	L +0.0291% / S −0.0838%	get 0.0105% / 1h	26m 12s	$7K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $155.04
Price spread: +0.104% → 0.000%: $10.42
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $142.46
Costs to cover: 0.230%
Break-even: 0.6 days

Slippage unknown: Bybit: live order book, 1 min ago; GMX: 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 Bybit live order book, 1 min ago	3.88 bp	33.4 bp −$33	131.8 bp −$1,318	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Coinbase International AVNT-PERP-INTX	−0.0136%	1h	0.1155	−0.517%	$17K	$9K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0094%	1h	0.1162	+0.095%	$273	$123	10x	as long as short
KuCoin AVNTUSDTM	−0.0044%	4h	0.1162	+0.043%	$2.2M	$4.4M	25x	as long as short
Lighter AVNT	+0.0096%	1h	0.1167	+0.525%	$52K	$65K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1162	+0.078%	$688K	$296K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1161	−0.014%	$31K	$19K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1162	+0.069%	$3.2M	$6.0M	50x	as long as short
Bybit AVNTUSDTlong	+0.0100%	4h	0.1161	long leg	$2.9M	$2.3M	50x
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1161	0.000%	$704K	$1.8M	20x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1160	−0.103%	$233K	$102K	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	0.1161	−0.017%	$2.4M	$831K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1162	+0.103%	$653K	$209K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1162	+0.034%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1161	−0.004%	$21K	$47K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1162	+0.069%	$196K	$959K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1162	+0.034%	$2K	$1.2M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1161	−0.043%	$35K	$66K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1162	+0.045%	$26K	$318K	10x	as long as short
BloFin AVNT-USDT	+0.0114%	4h	0.1160	−0.069%	$164K	$65K	75x	as long as short
Backpack AVNT_USDC_PERP	+0.0211%	1h	0.1164	+0.207%	$31K	$40K	5x	as long as short
GMX AVNT/USD [ETH-USDC]short	L +0.0291% / S −0.0838%	1h	0.1162	+0.104%	$7K	—	100x