Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: Bitget against Gate+0.062%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1391.392% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now +0.062%, 7d avg +0.094%

Together, before fees+0.172%+$17 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 0.033% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01624	0.0100	pay 0.0100% / 8h	1h 03m	$296K	$429K	25x
Short	Bitget AZTECUSDT	0.01625	0.0100	get 0.0050% / 4h	1h 03m	$353K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.094%: −$3.25
Slippage, 4 orders: −$112.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$142.46
Costs to cover: 1.392%
Break-even: never at this rate

Slippage from Gate: live order book, 12 min ago; Bitget: 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 Gate live order book, 12 min ago	3.08 bp	36.0 bp −$36	9128.9 bp −$91.3K	doesn't fit	doesn't fit
Sell Bitget live order book, 7 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	0.01625	+0.062%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01623	−0.068%	$77K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01627	+0.185%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01624	−0.021%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01626	+0.097%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01623	−0.062%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01627	+0.185%	$363K	$890K	20x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01624	long leg	$296K	$429K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01624	0.000%	$218K	$111K	20x	as long as short
Bitget AZTECUSDTshort	+0.0100%	4h	0.01625	+0.062%	$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	−0.106%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01625	+0.088%	$57K	$383K	5x	as long as short
BloFin AZTEC-USDT	+0.0157%	4h	0.01628	+0.246%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0310%	4h	0.01627	+0.185%	$285K	$287K	20x	as long as short