Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.097%

Price spread now: KuCoin against GMX+0.120%7-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 0.120% dearer against GMX than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVNT/USD [ETH-USDC]	0.1174	L +0.0289% / S −0.0808%	pay 0.0036% / 1h	48m 01s	$7K	—	100x
Short	KuCoin AVNTUSDTM	0.1176	0.0048	get 0.0024% / 4h	2h 48m	$2.2M	$4.6M	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 +0.120%Rate

Funding earned: −$50.68
Price spread: +0.120% → 0.000%: $12.01
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$62.67
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 5 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, 5 min ago	3.82 bp	36.9 bp −$37	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	−0.1552%	1h	0.1152	−1.898%	$16K	$19K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0090%	1h	0.1174	+0.018%	$276	$123	10x	as long as short
Aster AVNTUSDT	+0.0014%	4h	0.1176	+0.165%	$31K	$44K	5x	as long as short
KuCoin AVNTUSDTMshort	+0.0048%	4h	0.1176	+0.120%	$2.2M	$4.6M	25x
Backpack AVNT_USDC_PERP	+0.0063%	1h	0.1177	+0.256%	$31K	$47K	5x	as long as short
Lighter AVNT	+0.0096%	1h	0.1181	+0.554%	$54K	$51K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1176	+0.154%	$692K	$344K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1176	+0.153%	$3.3M	$7.9M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1174	+0.009%	$3.0M	$2.7M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1175	+0.060%	$721K	$2.4M	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	0.1174	−0.025%	$250K	$212K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1176	+0.146%	$2.6M	$1.0M	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1176	+0.154%	$680K	$352K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1175	+0.095%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1175	+0.098%	$54K	$84K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1178	+0.311%	$202K	$989K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1176	+0.180%	$1K	$1.5M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1173	−0.135%	$36K	$69K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1173	−0.079%	$26K	$247K	10x	as long as short
BloFin AVNT-USDT	+0.0123%	4h	0.1175	+0.086%	$164K	$55K	75x	as long as short
GMX AVNT/USD [ETH-USDC]long	L +0.0289% / S −0.0808%	1h	0.1174	long leg	$7K	—	100x