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 +0.027%

Price spread now: Bybit against Gate+0.025%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1561.563% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.025%, 7d avg +0.085%

Together, before fees+0.194%+$19 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 0.061% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01627	0.0100	pay 0.0100% / 8h	36m 57s	$297K	$428K	25x
Short	Bybit AZTECUSDT	0.01627	0.0100	get 0.0050% / 4h	36m 57s	$1.5M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.085%: −$6.09
Slippage, 4 orders: −$130.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$162.4
Costs to cover: 1.563%
Break-even: never at this rate

Slippage from Gate: live order book, 39 min ago; Bybit: live order book, 4 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, 39 min ago	3.08 bp	36.0 bp −$36	9128.9 bp −$91.3K	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.14 bp	45.9 bp −$46	252.3 bp −$2,523	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	0.01629	+0.123%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01626	−0.061%	$76K	$97K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01630	+0.203%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDTshort	+0.0100%	4h	0.01627	+0.025%	$1.5M	$1.3M	25x
Gate AZTEC_USDTlong	+0.0100%	8h	0.01627	long leg	$297K	$428K	25x
Bitget AZTECUSDT	+0.0100%	4h	0.01629	+0.123%	$353K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01629	+0.110%	$65K	$81K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0107%	4h	0.01632	+0.307%	$364K	$883K	20x	as long as short
Aster AZTECUSDT	+0.0238%	4h	0.01627	+0.019%	$7K	$21K	5x	as long as short
Extended AZTEC-USD	+0.0240%	1h	0.01628	+0.075%	$57K	$383K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AZTEC_USDT	+0.0240%	4h	0.01627	0.000%	$218K	$109K	20x	as long as short
Binance AZTECUSDT	+0.0241%	4h	0.01628	+0.079%	$1.9M	$4.1M	25x	as long as short
BloFin AZTEC-USDT	+0.0273%	4h	0.01629	+0.123%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0560%	4h	0.01630	+0.184%	$286K	$287K	20x	as long as short