Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h +0.067%

Price spread now: HTX against Backpack−0.051%52s7-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 HTX

What this pair did over the last

the charts below follow

Funding, last 6 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. HTX is 0.051% cheaper against Backpack than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$9 a day). The two prices were read 52 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	Backpack AVNT_USDC_PERP	0.1176	−0.0206	get 0.0026% / 1h	28m 18s	$31K	$47K	5x
Short	HTX AVNT-USDT	0.1176	0.0100	get 0.0050% / 4h	3h 28m	$36K	$73K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $64.18
Price spread: −0.051% → 0.000%: −$5.1
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $37.08
Costs to cover: 0.220%
Break-even: 3.0 days

Slippage unknown: Backpack: no order-book sample; HTX: 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 Backpack no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Backpack and HTX: 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	−0.1456%	1h	0.1152	−2.049%	$16K	$19K	50x	as long as short
Backpack AVNT_USDC_PERPlong	−0.0206%	1h	0.1176	long leg	$31K	$47K	5x
Deribit AVNT_USDC-PERPETUAL	−0.0175%	1h	0.1175	−0.119%	$276	$123	10x	as long as short
Aster AVNTUSDT	−0.0102%	4h	0.1176	−0.030%	$31K	$44K	5x	as long as short
KuCoin AVNTUSDTM	−0.0044%	4h	0.1174	−0.136%	$2.2M	$4.7M	25x	as long as short
OKX AVNT-USDT-SWAP	+0.0022%	4h	0.1174	−0.179%	$724K	$2.5M	20x	as long as short
BloFin AVNT-USDT	+0.0068%	4h	0.1176	0.000%	$164K	$55K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1180	+0.357%	$53K	$56K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1175	−0.094%	$693K	$356K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1174	−0.154%	$3.2M	$8.1M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AVNTUSDT	+0.0100%	4h	0.1174	−0.153%	$3.0M	$2.8M	50x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1175	−0.094%	$278K	$200K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1175	−0.094%	$2.5M	$995K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1176	−0.043%	$690K	$365K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1174	−0.136%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1177	+0.055%	$54K	$84K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1178	+0.123%	$197K	$1.0M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1179	+0.221%	$2K	$1.5M	20x	as long as short
HTX AVNT-USDTshort	+0.0100%	4h	0.1176	−0.051%	$36K	$73K	10x
Extended AVNT-USD	+0.0104%	1h	0.1174	−0.176%	$28K	$227K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0289% / S −0.0808%	1h	0.1175	−0.121%	$7K	—	100x	as long as short