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: Bitget against Bybit+0.190%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1871.866% of the position

Long on Bybit Short on Bitget

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)−0.048%−$5 · spread now +0.190%, 7d avg +0.015%

Together, before fees−0.173%−$17 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: Bitget is 0.174% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AZTECUSDT	0.01583	0.0100	pay 0.0050% / 4h	2h 00m	$1.5M	$1.3M	25x
Short	Bitget AZTECUSDT	0.01586	0.0100	get 0.0050% / 4h	2h 00m	$374K	$328K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.190%Rate

Funding earned: $0
Price spread: +0.190% → +0.015%: $17.42
Slippage, 4 orders: −$163.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$169.13
Costs to cover: 1.866%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; Bitget: live order book, 40 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 Bybit live order book, just now	6.32 bp	45.7 bp −$46	370.7 bp −$3,707	doesn't fit	doesn't fit
Sell Bitget live order book, 40 min ago	6.36 bp	54.8 bp −$55	210.0 bp −$2,100	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	0.01584	+0.063%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0070%	4h	0.01588	+0.316%	$91K	$36K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01585	+0.107%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01585	+0.101%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01583	+0.012%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01584	+0.094%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDTlong	+0.0100%	4h	0.01583	long leg	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01585	+0.126%	$325K	$908K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01583	0.000%	$294K	$423K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01584	+0.063%	$223K	$123K	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	0.01586	+0.190%	$282K	$315K	20x	as long as short
Bitget AZTECUSDTshort	+0.0100%	4h	0.01586	+0.190%	$374K	$328K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01584	+0.045%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01584	+0.048%	$57K	$447K	5x	as long as short