Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.057%

Price spread now: BingX against GMX−0.152%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.152% cheaper against GMX than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVNT/USD [ETH-USDC]	0.1168	L +0.0289% / S −0.0808%	pay 0.0036% / 1h	35m 22s	$7K	—	100x
Short	BingX AVNT-USDT	0.1166	0.0100	get 0.0050% / 4h	3h 35m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$39.63
Price spread: −0.152% → 0.000%: −$15.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$76.87
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 1 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 BingX live order book, 1 min ago	3.43 bp	24.0 bp −$24	71.9 bp −$719	696.8 bp −$69.7K	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
Deribit AVNT_USDC-PERPETUAL	−0.0606%	1h	0.1168	−0.058%	$153	$445	10x	as long as short
Backpack AVNT_USDC_PERP	−0.0499%	1h	0.1168	+0.010%	$31K	$47K	5x	as long as short
Gate AVNT_USDT	−0.0012%	8h	0.1169	+0.070%	$242K	$199K	50x	as long as short
Coinbase International AVNT-PERP-INTX	0.0000%	1h	0.1179	+0.935%	$14K	$21K	50x	as long as short
Variational Omni AVNT	+0.0055%	4h	0.1166	−0.190%	$18K	$114K	—	as long as short
Lighter AVNT	+0.0096%	1h	0.1171	+0.267%	$53K	$46K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1167	−0.118%	$698K	$308K	5x	as long as short
Aster AVNTUSDT	+0.0100%	4h	0.1168	+0.012%	$31K	$52K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1166	−0.157%	$3.2M	$7.2M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1166	−0.229%	$2.9M	$2.3M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1165	−0.238%	$713K	$2.0M	20x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1167	−0.101%	$2.5M	$995K	100x	as long as short
KuCoin AVNTUSDTM	+0.0100%	4h	0.1167	−0.067%	$2.1M	$4.3M	25x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1168	+0.027%	$665K	$313K	20x	as long as short
BingX AVNT-USDTshort	+0.0100%	4h	0.1166	−0.152%	—	$6.6M	—
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1171	+0.211%	$201K	$924K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1170	+0.181%	$2K	$1.3M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1168	−0.050%	$36K	$50K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1166	−0.196%	$17K	$264K	10x	as long as short
BloFin AVNT-USDT	+0.0143%	4h	0.1168	+0.019%	$161K	$55K	75x	as long as short
GMX AVNT/USD [ETH-USDC]long	L +0.0289% / S −0.0808%	1h	0.1168	long leg	$7K	—	100x