Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.070%

Price spread now: KuCoin against Binance+0.204%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$896as in the Funding arb table

Net, price: spread back to 7d avg − costs−$846as in the Price arb table

costs, in and out, $10k−$8698.692% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.204%, 7d avg −0.025%

Together, before fees−0.339%−$34 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: KuCoin is 0.229% dearer against Binance than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AZTECUSDT	0.01594	0.0100	pay 0.0050% / 4h	49m 43s	$1.9M	$4.2M	25x
Short	KuCoin AZTECUSDTM	0.01597	0.0100	get 0.0050% / 4h	49m 43s	$302K	$300K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.204%Rate

Funding earned: $0
Price spread: +0.204% → −0.025%: $22.91
Slippage, 4 orders: −$847.23
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$846.32
Costs to cover: 8.692%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 32 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, 2 min ago	6.27 bp	26.2 bp −$26	177.0 bp −$1,770	doesn't fit	doesn't fit
Sell KuCoin live order book, 32 min ago	6.22 bp	318.4 bp −$318	doesn't fit	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	0.01594	+0.016%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01594	+0.010%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01595	+0.079%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01595	+0.094%	$7K	$21K	5x	as long as short
Binance AZTECUSDTlong	+0.0100%	4h	0.01594	long leg	$1.9M	$4.2M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01593	−0.047%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01594	+0.016%	$291K	$422K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01593	−0.047%	$227K	$113K	20x	as long as short
KuCoin AZTECUSDTMshort	+0.0100%	4h	0.01597	+0.204%	$302K	$300K	20x
Bitget AZTECUSDT	+0.0100%	4h	0.01594	+0.016%	$341K	$276K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01594	−0.002%	$64K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01593	−0.041%	$56K	$453K	5x	as long as short
BloFin AZTEC-USDT	+0.0131%	4h	0.01597	+0.204%	$95K	$32K	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0137%	4h	0.01595	+0.079%	$348K	$857K	20x	as long as short