Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h −0.048%

Price spread now: Extended against BingX−0.046%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$294as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2772.770% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.046%, 7d avg −0.026%

Together, before fees−0.175%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.020% cheaper against BingX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.026%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AZTEC-USDT	0.01629	0.0070	pay 0.0035% / 4h	34m 59s	—	$1.6M	—
Short	Extended AZTEC-USD	0.01628	0.0248	get 0.0031% / 1h	34m 59s	$57K	$383K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.046%Rate

Funding earned: $37.38
Price spread: −0.046% → −0.026%: −$2.04
Slippage, 4 orders: −$261.98
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$241.65
Costs to cover: 2.770%
Break-even: 52.3 days

Slippage from BingX: live order book, 11 min ago; Extended: live order book, 42 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 BingX live order book, 11 min ago	6.12 bp	27.7 bp −$28	89.7 bp −$897	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	12.33 bp	49.3 bp −$49	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-USDTlong	+0.0070%	4h	0.01629	long leg	—	$1.6M	—
Lighter AZTEC	+0.0096%	1h	0.01626	−0.160%	$76K	$97K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01631	+0.098%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01628	−0.043%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01627	−0.123%	$297K	$428K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01629	0.000%	$353K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01630	+0.050%	$65K	$81K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0103%	4h	0.01632	+0.184%	$364K	$883K	20x	as long as short
MEXC AZTEC_USDT	+0.0242%	4h	0.01627	−0.123%	$218K	$109K	20x	as long as short
Aster AZTECUSDT	+0.0245%	4h	0.01627	−0.103%	$7K	$21K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDT	+0.0247%	4h	0.01628	−0.063%	$1.9M	$4.1M	25x	as long as short
Extended AZTEC-USDshort	+0.0248%	1h	0.01628	−0.046%	$57K	$383K	5x
BloFin AZTEC-USDT	+0.0297%	4h	0.01629	0.000%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0582%	4h	0.01630	+0.061%	$286K	$287K	20x	as long as short