Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.146%

Price spread now: OKX against Gate+0.250%7-day average +0.183% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1551.551% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.418%+$42 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.250%, 7d avg +0.183%

Together, before fees+0.364%+$36 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: OKX is 0.068% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.183%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01597	0.0100	pay 0.0100% / 8h	5h 43m	$296K	$422K	25x
Short	OKX AZTEC-USDT-SWAP	0.01601	0.0100	get 0.0050% / 4h	1h 43m	$352K	$855K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → +0.183%: $6.78
Slippage, 4 orders: −$130.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$148.34
Costs to cover: 1.551%
Break-even: never at this rate

Slippage from Gate: live order book, 17 min ago; OKX: live order book, 18 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, 17 min ago	3.13 bp	43.0 bp −$43	10276.7 bp −$102.8K	doesn't fit	doesn't fit
Sell OKX live order book, 18 min ago	6.26 bp	43.2 bp −$43	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	+0.0036%	4h	0.01600	+0.188%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01599	+0.144%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01599	+0.131%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01597	+0.009%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01599	+0.125%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01598	+0.063%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0100%	4h	0.01601	+0.250%	$352K	$855K	20x
Gate AZTEC_USDTlong	+0.0100%	8h	0.01597	long leg	$296K	$422K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01599	+0.125%	$228K	$113K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01599	+0.125%	$302K	$295K	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	0.01600	+0.188%	$343K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01594	−0.174%	$64K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01599	+0.146%	$56K	$456K	5x	as long as short
BloFin AZTEC-USDT	+0.0142%	4h	0.01595	−0.125%	$95K	$31K	25x	as long as short