Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.050%

Price spread now: MEXC against GMX−0.030%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 MEXC

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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.030% cheaper against GMX than usual: you would sell low and buy high (−$3 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]	0.1176	L +0.0290% / S −0.0808%	pay 0.0036% / 1h	49m 45s	$7K	—	100x
Short	MEXC AVNT_USDT	0.1176	0.0100	get 0.0050% / 4h	2h 49m	$2.5M	$998K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$39.82
Price spread: −0.030% → 0.000%: −$2.98
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$62.79
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	4.25 bp	8.3 bp −$8	29.4 bp −$294	265.7 bp −$26.6K	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	−2.070%	$16K	$19K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.0260%	1h	0.1176	−0.013%	$276	$123	10x	as long as short
Aster AVNTUSDT	+0.0011%	4h	0.1176	+0.004%	$31K	$44K	5x	as long as short
KuCoin AVNTUSDTM	+0.0044%	4h	0.1176	−0.004%	$2.2M	$4.6M	25x	as long as short
Backpack AVNT_USDC_PERP	+0.0081%	1h	0.1177	+0.047%	$31K	$46K	5x	as long as short
Lighter AVNT	+0.0096%	1h	0.1182	+0.514%	$54K	$51K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1176	−0.021%	$692K	$344K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1176	−0.047%	$3.3M	$7.9M	50x	as long as short
Bybit AVNTUSDT	+0.0100%	4h	0.1175	−0.115%	$3.0M	$2.7M	50x	as long as short
OKX AVNT-USDT-SWAP	+0.0100%	4h	0.1176	−0.038%	$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	0.1177	+0.055%	$251K	$212K	50x	as long as short
MEXC AVNT_USDTshort	+0.0100%	4h	0.1176	−0.030%	$2.5M	$998K	100x
Bitget AVNTUSDT	+0.0100%	4h	0.1176	−0.030%	$680K	$352K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1177	+0.030%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1175	−0.077%	$54K	$84K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1178	+0.142%	$202K	$998K	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1179	+0.251%	$1K	$1.5M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1178	+0.183%	$36K	$69K	10x	as long as short
BloFin AVNT-USDT	+0.0100%	4h	0.1177	+0.038%	$164K	$55K	75x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1175	−0.086%	$26K	$247K	10x	as long as short
GMX AVNT/USD [ETH-USDC]long	L +0.0290% / S −0.0808%	1h	0.1176	long leg	$7K	—	100x