Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.070%

Price spread now: MEXC against Backpack−0.127%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 MEXC

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. MEXC is 0.127% cheaper against Backpack than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 33 hours 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	0.1181	−0.0203	get 0.0025% / 1h	13m 31s	$31K	$47K	5x
Short	MEXC AVNT_USDT	0.1179	0.0100	get 0.0050% / 4h	2h 13m	$2.6M	$1.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.127%Rate

Funding earned: $63.73
Price spread: −0.127% → 0.000%: −$12.71
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $33.02
Costs to cover: 0.180%
Break-even: 3.4 days

Slippage unknown: Backpack: no order-book sample; MEXC: 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 MEXC live order book, 3 min ago	4.25 bp	8.3 bp −$8	37.8 bp −$378	284.3 bp −$28.4K	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	−0.1552%	1h	0.1179	−0.119%	$14K	$22K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0343%	1h	0.1179	−0.085%	$155	$245	10x	as long as short
Backpack AVNT_USDC_PERPlong	−0.0203%	1h	0.1181	long leg	$31K	$47K	5x
BloFin AVNT-USDT	+0.0040%	4h	0.1175	−0.474%	$163K	$55K	75x	as long as short
Aster AVNTUSDT	+0.0081%	4h	0.1179	−0.129%	$31K	$45K	5x	as long as short
Lighter AVNT	+0.0096%	1h	0.1184	+0.313%	$54K	$51K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1178	−0.212%	$690K	$346K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1178	−0.205%	$3.3M	$7.7M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1176	−0.398%	$2.9M	$2.8M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1177	−0.322%	$734K	$2.3M	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	−0.127%	$249K	$216K	50x	as long as short
MEXC AVNT_USDTshort	+0.0100%	4h	0.1179	−0.127%	$2.6M	$1.0M	100x
KuCoin AVNTUSDTM	+0.0100%	4h	0.1178	−0.169%	$2.2M	$4.5M	25x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1179	−0.119%	$679K	$332K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1177	−0.271%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1174	−0.567%	$18K	$117K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1177	−0.297%	$196K	$952K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1182	+0.093%	$2K	$1.4M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1176	−0.407%	$36K	$69K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1179	−0.158%	$20K	$259K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0290% / S −0.0808%	1h	0.1178	−0.224%	$7K	—	100x	as long as short