Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.066%

Price spread now: Gate against BingX+0.126%7-day average −0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1281.285% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.448%−$45 on $10k

Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.126%, 7d avg −0.142%

Together, before fees−0.727%−$73 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.268% dearer against BingX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.142%. Mind the row above: over the last 7 days funding on this pair cost −0.448%, 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	0.01586	0.0036	pay 0.0018% / 4h	3h 36m	—	$1.6M	—
Short	Gate AZTEC_USDT	0.01588	0.0100	get 0.0100% / 8h	3h 36m	$296K	$423K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.126%Rate

Funding earned: $13.44
Price spread: +0.126% → −0.142%: $26.76
Slippage, 4 orders: −$103.49
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.29
Costs to cover: 1.285%
Break-even: 53.0 days

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 14 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, 10 min ago	6.29 bp	26.8 bp −$27	93.6 bp −$936	932.6 bp −$93.3K	1363.5 bp −$681.8K
Sell Gate live order book, 14 min ago	6.30 bp	29.4 bp −$29	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	+0.0036%	4h	0.01586	long leg	—	$1.6M	—
BloFin AZTEC-USDT	+0.0048%	4h	0.01590	+0.252%	$93K	$33K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01588	+0.139%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01588	+0.095%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01590	+0.229%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01588	+0.126%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01587	+0.050%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01587	+0.063%	$327K	$937K	20x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01588	+0.126%	$296K	$423K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01587	+0.063%	$251K	$116K	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	0.01590	+0.252%	$284K	$314K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01588	+0.126%	$357K	$313K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01587	+0.046%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01587	+0.035%	$56K	$453K	5x	as long as short