Funding arb · Price arb /

AVNT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.097%

Price spread now: KuCoin against GMX+0.455%104s7-day average — · you sell dearer than you buy

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

Long on GMX Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.455% dearer against GMX than usual: you sell high and buy low (spread +0.455% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8.0 days. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVNT/USD [ETH-USDC]	0.1175	L +0.0289% / S −0.0808%	pay 0.0036% / 1h	25m 46s	$7K	—	100x
Short	KuCoin AVNTUSDTM	0.1180	0.0100	get 0.0050% / 4h	1h 25m	$2.2M	$4.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GMX. 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 GMXbpFee KuCoinbpOrdersPrice spread, now +0.455%Rate

Funding earned: −$39.77
Price spread: +0.455% → 0.000%: $45.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.23
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	2.13 bp	40.3 bp −$40	doesn't fit	doesn't fit	doesn't fit

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	−0.1416%	1h	0.1179	+0.379%	$14K	$21K	50x	as long as short
Backpack AVNT_USDC_PERP	−0.0363%	1h	0.1182	+0.626%	$31K	$47K	5x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0004%	1h	0.1180	+0.438%	$155	$245	10x	as long as short
Lighter AVNT	+0.0096%	1h	0.1183	+0.745%	$54K	$49K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1178	+0.328%	$705K	$339K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1179	+0.387%	$31K	$50K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1179	+0.389%	$3.3M	$7.5M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1178	+0.311%	$2.9M	$2.7M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1180	+0.421%	$730K	$2.2M	20x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1180	+0.455%	$247K	$208K	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	0.1179	+0.370%	$2.6M	$1.0M	100x	as long as short
KuCoin AVNTUSDTMshort	+0.0100%	4h	0.1180	+0.455%	$2.2M	$4.5M	25x
Bitget AVNTUSDT	+0.0100%	4h	0.1181	+0.498%	$680K	$327K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1180	+0.447%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1177	+0.242%	$18K	$117K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1172	−0.243%	$200K	$937K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1183	+0.736%	$2K	$1.4M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1172	−0.234%	$36K	$62K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1179	+0.410%	$15K	$261K	10x	as long as short
BloFin AVNT-USDT	+0.0134%	4h	0.1174	−0.081%	$163K	$55K	75x	as long as short
GMX AVNT/USD [ETH-USDC]long	L +0.0289% / S −0.0808%	1h	0.1175	long leg	$7K	—	100x