Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: Gate against Bybit+0.201%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1951.951% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.201%, 7d avg −0.080%

Together, before fees−0.434%−$43 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 0.281% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AZTECUSDT	0.01595	0.0100	pay 0.0050% / 4h	2h 10m	$1.5M	$1.3M	25x
Short	Gate AZTEC_USDT	0.01598	0.0100	get 0.0100% / 8h	6h 10m	$297K	$426K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → −0.080%: $28.11
Slippage, 4 orders: −$169.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$167.01
Costs to cover: 1.951%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 55 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, 1 min ago	6.27 bp	54.2 bp −$54	400.2 bp −$4,002	doesn't fit	doesn't fit
Sell Gate live order book, 55 min ago	6.11 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit

AZTEC on 13 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	+0.0054%	4h	0.01596	+0.075%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01595	−0.019%	$57K	$106K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01596	+0.088%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01600	+0.307%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01595	+0.027%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDTlong	+0.0100%	4h	0.01595	long leg	$1.5M	$1.3M	25x
Gate AZTEC_USDTshort	+0.0100%	8h	0.01598	+0.201%	$297K	$426K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01596	+0.075%	$228K	$115K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01598	+0.201%	$281K	$291K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01595	+0.013%	$341K	$287K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01597	+0.152%	$64K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01596	+0.066%	$56K	$453K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0121%	4h	0.01597	+0.138%	$350K	$861K	20x	as long as short