Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.102%

Price spread now: Bitget against Extended−0.073%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

costs, in and out, $10k−$2872.866% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)+0.297%+$30 · spread now −0.073%, 7d avg −0.027%

Together, before fees+0.059%+ Points / potential airdropExtended: Active · farm board+$6 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 0.046% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AZTEC-USD	0.01626	0.0104	pay 0.0013% / 1h	1m 25s	$57K	$383K	5x
Short	Bitget AZTECUSDT	0.01625	0.0100	get 0.0050% / 4h	1h 01m	$353K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$0.84
Price spread: −0.073% → −0.027%: −$4.56
Slippage, 4 orders: −$269.56
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$291.96
Costs to cover: 2.866%
Break-even: never at this rate

Slippage from Extended: live order book, 16 min ago; Bitget: live order book, 9 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, 16 min ago	12.33 bp	170.0 bp −$170	768.8 bp −$7,688	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	3.08 bp	35.3 bp −$35	129.3 bp −$1,293	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	−0.011%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01623	−0.183%	$77K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01627	+0.050%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01624	−0.156%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01626	−0.011%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01623	−0.183%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01627	+0.050%	$363K	$890K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01623	−0.196%	$296K	$429K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01625	−0.073%	$218K	$111K	20x	as long as short
Bitget AZTECUSDTshort	+0.0100%	4h	0.01625	−0.073%	$353K	$280K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01622	−0.240%	$65K	$81K	—	as long as short
Extended AZTEC-USDlong	+0.0104%	1h	0.01626	long leg	$57K	$383K	5x
BloFin AZTEC-USDT	+0.0157%	4h	0.01628	+0.112%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0310%	4h	0.01626	−0.011%	$285K	$287K	20x	as long as short