Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.103%

Price spread now: Gate against BloFin−0.369%48s7-day average −0.148% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 3 days (all we have)+0.283%+$28 · spread now −0.369%, 7d avg −0.148%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.221% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.148%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AZTEC-USDT	0.01627	0.0143	pay 0.0072% / 4h	1h 54m	$97K	$28K	25x
Short	Gate AZTEC_USDT	0.01621	0.0100	get 0.0100% / 8h	1h 54m	$295K	$428K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee GatebpOrdersPrice spread, now −0.369%Rate

Funding earned: −$9.05
Price spread: −0.369% → −0.148%: −$22.12
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$58.17
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Gate: live order book, 26 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell Gate live order book, 26 min ago	9.23 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01625	−0.123%	—	$1.7M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01623	−0.264%	$81K	$95K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01626	−0.074%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01623	−0.226%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01625	−0.123%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01624	−0.184%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01627	0.000%	$364K	$893K	20x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01621	−0.369%	$295K	$428K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01626	−0.061%	$244K	$104K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01624	−0.184%	$359K	$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	0.01623	−0.254%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01626	−0.063%	$57K	$387K	5x	as long as short
KuCoin AZTECUSDTM	+0.0134%	4h	0.01626	−0.061%	$285K	$287K	20x	as long as short
BloFin AZTEC-USDTlong	+0.0143%	4h	0.01627	long leg	$97K	$28K	25x