Funding arb · Price arb /

AVNT

all AVNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0847%/8h= −92.7% APRpaid last 24h −0.062%

Price spread now: Backpack against OKX+0.961%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Backpack

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

The price spread pays, funding is against you. Backpack is 0.961% dearer against OKX than usual: you sell high and buy low (spread +0.961% now, against zero (this spread has no 7-day history yet)): +$96 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVNT-USDT-SWAP	0.1196	−0.0037	get 0.0019% / 4h	3h 52m	$766K	$2.3M	20x
Short	Backpack AVNT_USDC_PERP	0.1208	−0.0884	pay 0.0110% / 1h	52m 55s	$32K	$45K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.961%Rate

Funding earned: −$177.82
Price spread: +0.961% → 0.000%: $96.12
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$101.69
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 min ago; Backpack: no order-book sample. 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 OKX live order book, 4 min ago	2.49 bp	25.2 bp −$25	172.4 bp −$1,724	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	−0.1456%	1h	0.1202	+0.510%	$17K	$19K	50x	as long as short
Deribit AVNT_USDC-PERPETUAL	−0.1240%	1h	0.1206	+0.836%	$283	$123	10x	as long as short
Backpack AVNT_USDC_PERPshort	−0.0884%	1h	0.1208	+0.961%	$32K	$45K	5x
KuCoin AVNTUSDTM	−0.0132%	4h	0.1207	+0.869%	$2.2M	$4.6M	25x	as long as short
Aster AVNTUSDT	−0.0091%	4h	0.1206	+0.835%	$32K	$36K	5x	as long as short
OKX AVNT-USDT-SWAPlong	−0.0037%	4h	0.1196	long leg	$766K	$2.3M	20x
BloFin AVNT-USDT	+0.0072%	4h	0.1205	+0.677%	$172K	$56K	75x	as long as short
Lighter AVNT	+0.0096%	1h	0.1212	+1.279%	$55K	$56K	5x	as long as short
Hyperliquid AVNT	+0.0100%	1h	0.1206	+0.844%	$707K	$313K	5x	as long as short
Binance AVNTUSDT	+0.0100%	4h	0.1206	+0.781%	$3.3M	$7.4M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AVNTUSDT	+0.0100%	4h	0.1197	+0.067%	$3.1M	$2.7M	50x	as long as short
Gate AVNT_USDT	+0.0100%	8h	0.1206	+0.802%	$284K	$184K	50x	as long as short
MEXC AVNT_USDT	+0.0100%	4h	0.1207	+0.886%	$2.4M	$950K	100x	as long as short
Bitget AVNTUSDT	+0.0100%	4h	0.1199	+0.226%	$713K	$323K	20x	as long as short
BingX AVNT-USDT	+0.0100%	4h	0.1205	+0.744%	—	$6.6M	—	as long as short
Variational Omni AVNT	+0.0100%	4h	0.1204	+0.626%	$54K	$83K	—	as long as short
GRVT AVNT_USDT_Perp	+0.0100%	4h	0.1207	+0.886%	$200K	$1.0M	10x	as long as short
SunX AVNT-USDT	+0.0100%	4h	0.1211	+1.204%	$1K	$1.4M	20x	as long as short
HTX AVNT-USDT	+0.0100%	4h	0.1206	+0.836%	$38K	$72K	10x	as long as short
Extended AVNT-USD	+0.0104%	1h	0.1197	+0.052%	$26K	$224K	10x	as long as short
GMX AVNT/USD [ETH-USDC]	L +0.0292% / S −0.0808%	1h	0.1208	+0.971%	$8K	—	100x	as long as short