Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.027%

Price spread now: BingX against Extended−0.006%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2382.385% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.006%, 7d avg +0.026%

Together, before fees+0.225%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.033% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.163%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AZTEC-USD	0.01594	0.0104	pay 0.0013% / 1h	9m 13s	$56K	$453K	5x
Short	BingX AZTEC-USDT	0.01594	0.0040	get 0.0020% / 4h	2h 09m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$13.44
Price spread: −0.006% → +0.026%: −$3.26
Slippage, 4 orders: −$223.49
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$255.19
Costs to cover: 2.385%
Break-even: never at this rate

Slippage from Extended: live order book, 58 min ago; BingX: live order book, 7 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 Extended live order book, 58 min ago	12.20 bp	146.6 bp −$147	727.1 bp −$7,271	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	9.40 bp	31.6 bp −$32	86.0 bp −$860	590.4 bp −$59.0K	958.3 bp −$479.2K

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-USDTshort	+0.0040%	4h	0.01594	−0.006%	—	$1.6M	—
Lighter AZTEC	+0.0096%	1h	0.01594	−0.038%	$57K	$106K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01595	+0.063%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01598	+0.257%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01594	+0.002%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01594	−0.019%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01597	+0.182%	$297K	$426K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01594	−0.006%	$228K	$115K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01598	+0.245%	$281K	$291K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01595	+0.056%	$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	+0.196%	$64K	$85K	—	as long as short
Extended AZTEC-USDlong	+0.0104%	1h	0.01594	long leg	$56K	$453K	5x
OKX AZTEC-USDT-SWAP	+0.0115%	4h	0.01595	+0.056%	$350K	$860K	20x	as long as short