Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0482%/8h= +52.8% APRpaid last 24h −0.003%

Price spread now: KuCoin against Gate+0.185%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,415as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,411as in the Price arb table

costs, in and out, $10k−$1,41814.185% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.185%, 7d avg +0.106%

Together, before fees−0.055%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and KuCoin is 0.080% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.106%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01620	0.0100	pay 0.0100% / 8h	6m 37s	$295K	$429K	25x
Short	KuCoin AZTECUSDTM	0.01623	0.0582	get 0.0291% / 4h	6m 37s	$285K	$286K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.185%Rate

Funding earned: $101.22
Price spread: +0.185% → +0.106%: $7.95
Slippage, 4 orders: −$1,391.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,309.28
Costs to cover: 14.185%
Break-even: 97.5 days

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 54 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, 4 min ago	3.08 bp	35.7 bp −$36	8412.1 bp −$84.1K	doesn't fit	doesn't fit
Sell KuCoin live order book, 54 min ago	6.14 bp	395.2 bp −$395	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	0.01624	+0.247%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01621	+0.056%	$73K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01625	+0.309%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01622	+0.117%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01620	long leg	$295K	$429K	25x
Bitget AZTECUSDT	+0.0100%	4h	0.01624	+0.247%	$350K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01622	+0.109%	$65K	$80K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0125%	4h	0.01625	+0.309%	$362K	$877K	20x	as long as short
BloFin AZTEC-USDT	+0.0314%	4h	0.01622	+0.123%	$96K	$30K	25x	as long as short
Aster AZTECUSDT	+0.0336%	4h	0.01620	+0.017%	$7K	$21K	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	+0.0342%	4h	0.01623	+0.185%	$235K	$114K	20x	as long as short
Binance AZTECUSDT	+0.0342%	4h	0.01624	+0.236%	$1.9M	$4.1M	25x	as long as short
Extended AZTEC-USD	+0.0344%	1h	0.01623	+0.212%	$57K	$383K	5x	as long as short
KuCoin AZTECUSDTMshort	+0.0582%	4h	0.01623	+0.185%	$285K	$286K	20x