Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.085%

Price spread now: Bitget against Binance+0.063%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1491.493% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.063%, 7d avg −0.039%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.101% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AZTECUSDT	0.01585	0.0100	pay 0.0050% / 4h	2h 00m	$1.9M	$4.4M	25x
Short	Bitget AZTECUSDT	0.01586	0.0100	get 0.0050% / 4h	2h 00m	$374K	$328K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → −0.039%: $10.13
Slippage, 4 orders: −$127.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$139.22
Costs to cover: 1.493%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 40 min ago.

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 Binance live order book, 6 min ago	3.14 bp	27.3 bp −$27	172.3 bp −$1,723	doesn't fit	doesn't fit
Sell Bitget live order book, 40 min ago	6.36 bp	54.8 bp −$55	210.0 bp −$2,100	doesn't fit	doesn't fit

AZTEC on 14 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
BingX AZTEC-USDT	+0.0036%	4h	0.01584	−0.063%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0070%	4h	0.01588	+0.189%	$91K	$36K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01585	+0.025%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01585	−0.019%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01584	−0.071%	$9K	$24K	5x	as long as short
Binance AZTECUSDTlong	+0.0100%	4h	0.01585	long leg	$1.9M	$4.4M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01583	−0.127%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01584	−0.063%	$325K	$908K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01583	−0.127%	$294K	$423K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01584	−0.063%	$223K	$123K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01586	+0.063%	$282K	$316K	20x	as long as short
Bitget AZTECUSDTshort	+0.0100%	4h	0.01586	+0.063%	$374K	$328K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01584	−0.082%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01585	−0.031%	$57K	$447K	5x	as long as short