Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h +0.068%

Price spread now: OKX against Extended+0.390%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2982.983% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 4 days (all we have)−0.327%−$33 · spread now +0.390%, 7d avg +0.067%

Together, before fees−0.193%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.323% dearer against Extended than usual: you sell high and buy low (spread +0.390% now, against its 7-day average of +0.067%): +$32 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 8.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.134%, 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	0.01629	0.0440	pay 0.0055% / 1h	16m 41s	$61K	$453K	5x
Short	OKX AZTEC-USDT-SWAP	0.01635	0.0319	get 0.0160% / 4h	3h 16m	$365K	$870K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.390%Rate

Funding earned: −$25.38
Price spread: +0.390% → +0.067%: $32.32
Slippage, 4 orders: −$283.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$291.39
Costs to cover: 2.983%
Break-even: never at this rate

Slippage from Extended: live order book, 56 min ago; OKX: 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 Extended live order book, 56 min ago	11.70 bp	161.4 bp −$161	755.9 bp −$7,559	doesn't fit	doesn't fit
Sell OKX live order book, 55 min ago	3.08 bp	41.1 bp −$41	doesn't fit	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	+0.0070%	4h	0.01633	+0.267%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01630	+0.071%	$66K	$104K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01632	+0.188%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01629	+0.034%	$1.5M	$1.3M	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01628	−0.040%	$345K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01632	+0.189%	$67K	$82K	—	as long as short
Gate AZTEC_USDT	+0.0212%	8h	0.01626	−0.162%	$304K	$422K	25x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0319%	4h	0.01635	+0.390%	$365K	$870K	20x
Binance AZTECUSDT	+0.0438%	4h	0.01631	+0.157%	$2.0M	$4.2M	25x	as long as short
Extended AZTEC-USDlong	+0.0440%	1h	0.01629	long leg	$61K	$453K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AZTEC_USDT	+0.0444%	4h	0.01628	−0.040%	$236K	$112K	20x	as long as short
BloFin AZTEC-USDT	+0.0445%	4h	0.01627	−0.101%	$97K	$31K	25x	as long as short
KuCoin AZTECUSDTM	+0.0452%	4h	0.01628	−0.040%	$286K	$285K	20x	as long as short
Aster AZTECUSDT	+0.0453%	4h	0.01626	−0.179%	$7K	$21K	5x	as long as short