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 +0.037%

Price spread now: Bybit against Bitget−0.201%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1591.590% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.201%, 7d avg −0.013%

Together, before fees+0.202%+$20 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: Bybit is 0.189% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AZTECUSDT	0.01589	0.0100	pay 0.0050% / 4h	3h 34m	$357K	$308K	20x
Short	Bybit AZTECUSDT	0.01586	0.0100	get 0.0050% / 4h	3h 34m	$1.5M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.201%Rate

Funding earned: $0
Price spread: −0.201% → −0.013%: −$18.86
Slippage, 4 orders: −$135.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$177.82
Costs to cover: 1.590%
Break-even: never at this rate

Slippage from Bitget: live order book, 11 min ago; Bybit: live order book, 2 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 Bitget live order book, 11 min ago	3.14 bp	21.9 bp −$22	132.7 bp −$1,327	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.30 bp	50.4 bp −$50	234.7 bp −$2,347	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	0.01588	−0.063%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0048%	4h	0.01588	−0.063%	$92K	$33K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01589	−0.019%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01588	−0.069%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01589	−0.010%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01589	−0.027%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDTshort	+0.0100%	4h	0.01586	−0.201%	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01587	−0.126%	$327K	$933K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01587	−0.126%	$296K	$423K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01587	−0.126%	$251K	$117K	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	+0.063%	$284K	$314K	20x	as long as short
Bitget AZTECUSDTlong	+0.0100%	4h	0.01589	long leg	$357K	$308K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01586	−0.206%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01588	−0.076%	$56K	$453K	5x	as long as short