Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: Gate against Bitget−0.123%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1301.305% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.123%, 7d avg −0.093%

Together, before fees−0.114%−$11 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: Gate is 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AZTECUSDT	0.01624	0.0100	pay 0.0050% / 4h	2h 18m	$359K	$276K	20x
Short	Gate AZTEC_USDT	0.01622	0.0100	get 0.0100% / 8h	2h 18m	$296K	$430K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.093%: −$3.02
Slippage, 4 orders: −$103.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$133.52
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from Bitget: live order book, 65 min ago; Gate: 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, 65 min ago	9.20 bp	20.9 bp −$21	209.4 bp −$2,094	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	9.23 bp	39.3 bp −$39	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	0.01626	+0.123%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0089%	4h	0.01627	+0.185%	$97K	$28K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01623	−0.074%	$81K	$101K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01626	+0.142%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01624	−0.016%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01625	+0.092%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01624	+0.012%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01628	+0.246%	$365K	$893K	20x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01622	−0.123%	$296K	$430K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01625	+0.062%	$244K	$107K	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	0.01626	+0.123%	$285K	$288K	20x	as long as short
Bitget AZTECUSDTlong	+0.0100%	4h	0.01624	long leg	$359K	$276K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01624	−0.005%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01625	+0.082%	$57K	$387K	5x	as long as short