Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0281%/8h= +30.8% APRpaid last 24h +0.027%

Price spread now: KuCoin against Backpack−0.034%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 KuCoin

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. KuCoin is 0.034% cheaper against Backpack than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVNT_USDC_PERP	0.1178	−0.0181	get 0.0023% / 1h	3m 30s	$31K	$48K	5x
Short	KuCoin AVNTUSDTM	0.1178	0.0100	get 0.0050% / 4h	1h 03m	$2.2M	$4.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.034%Rate

Funding earned: $59.04
Price spread: −0.034% → 0.000%: −$3.39
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $33.65
Costs to cover: 0.220%
Break-even: 3.0 days

Slippage unknown: Backpack: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	2.54 bp	50.5 bp −$51	doesn't fit	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
Coinbase International AVNT-PERP-INTX	−0.1416%	1h	0.1179	+0.059%	$14K	$21K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0514%	1h	0.1177	−0.161%	$154	$245	10x	as long as short
Backpack AVNT_USDC_PERPlong	−0.0181%	1h	0.1178	long leg	$31K	$48K	5x
Lighter AVNT	+0.0096%	1h	0.1183	+0.399%	$54K	$49K	5x	as long as short
BloFin AVNT-USDT	+0.0098%	4h	0.1178	−0.034%	$163K	$56K	75x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1178	−0.048%	$704K	$336K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1179	+0.042%	$31K	$51K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1177	−0.117%	$3.3M	$7.4M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1176	−0.229%	$2.9M	$2.7M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1177	−0.119%	$717K	$2.2M	20x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVNT_USDT	+0.0100%	8h	0.1179	+0.051%	$247K	$208K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1178	−0.034%	$2.6M	$1.0M	100x	as long as short
KuCoin AVNTUSDTMshort	+0.0100%	4h	0.1178	−0.034%	$2.2M	$4.4M	25x
Bitget AVNTUSDT	+0.0100%	4h	0.1179	+0.042%	$679K	$320K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1177	−0.076%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1177	−0.107%	$18K	$117K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1180	+0.136%	$197K	$936K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1181	+0.221%	$2K	$1.4M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1180	+0.119%	$36K	$62K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1176	−0.171%	$18K	$262K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0290% / S −0.0808%	1h	0.1177	−0.106%	$7K	—	100x	as long as short