Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.053%

Price spread now: Bybit against Extended−0.167%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$335as in the Price arb table

costs, in and out, $10k−$3223.219% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.167%, 7d avg −0.040%

Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 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: Bybit is 0.127% cheaper against Extended than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AZTEC-USD	0.01604	0.0104	pay 0.0013% / 1h	18m 51s	$57K	$456K	5x
Short	Bybit AZTECUSDT	0.01601	0.0100	get 0.0050% / 4h	1h 18m	$1.5M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.167%Rate

Funding earned: −$0.84
Price spread: −0.167% → −0.040%: −$12.7
Slippage, 4 orders: −$305.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$335.42
Costs to cover: 3.219%
Break-even: never at this rate

Slippage from Extended: live order book, 44 min ago; Bybit: live order book, 2 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, 44 min ago	12.20 bp	178.7 bp −$179	790.6 bp −$7,906	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.23 bp	48.8 bp −$49	248.3 bp −$2,483	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	0.01604	+0.026%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0059%	4h	0.01606	+0.151%	$95K	$32K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01605	+0.057%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01604	+0.032%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01604	−0.001%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01603	−0.052%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDTshort	+0.0100%	4h	0.01601	−0.167%	$1.5M	$1.3M	25x
Gate AZTEC_USDT	+0.0100%	8h	0.01604	+0.026%	$293K	$426K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01604	+0.026%	$229K	$115K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01607	+0.213%	$303K	$294K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01602	−0.099%	$343K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01606	+0.163%	$65K	$85K	—	as long as short
Extended AZTEC-USDlong	+0.0104%	1h	0.01604	long leg	$57K	$456K	5x
OKX AZTEC-USDT-SWAP	+0.0146%	4h	0.01602	−0.099%	$355K	$868K	20x	as long as short