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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.104%

Price spread now: Binance against KuCoin0.000%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,774as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,805as in the Price arb table

costs, in and out, $10k−$1,80118.013% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now 0.000%, 7d avg +0.035%

Together, before fees+0.148%+$15 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: Binance is 0.035% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01619	0.0100	pay 0.0050% / 4h	2h 32m	$284K	$288K	20x
Short	Binance AZTECUSDT	0.01619	0.0100	get 0.0050% / 4h	2h 32m	$1.9M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.035%: −$3.49
Slippage, 4 orders: −$1,779.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,804.79
Costs to cover: 18.013%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; Binance: live order book, 5 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 KuCoin live order book, 48 min ago	9.20 bp	1333.3 bp −$1,333	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	6.19 bp	30.5 bp −$31	127.3 bp −$1,273	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	0.01620	+0.062%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0062%	4h	0.01618	−0.062%	$97K	$28K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01616	−0.185%	$81K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01620	+0.086%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01617	−0.142%	$7K	$21K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01619	0.000%	$1.9M	$4.2M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01617	−0.117%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01621	+0.124%	$364K	$893K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01616	−0.185%	$295K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01618	−0.062%	$243K	$106K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTMlong	+0.0100%	4h	0.01619	long leg	$284K	$288K	20x
Bitget AZTECUSDT	+0.0100%	4h	0.01617	−0.124%	$358K	$277K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01614	−0.281%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01619	−0.011%	$57K	$387K	5x	as long as short