AZTEC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h +0.038%

Price spread now: BingX against KuCoin+0.254%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$872as in the Funding arb table

Net, price: spread back to 7d avg − costs−$889as in the Price arb table

costs, in and out, $10k−$9119.105% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.388%+$39 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.254%, 7d avg +0.038%

Together, before fees+0.165%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.216% dearer against KuCoin than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of +0.038%): +$22 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.388%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01576	0.0100	pay 0.0050% / 4h	2h 20m	$280K	$316K	20x
Short	BingX AZTEC-USDT	0.01580	0.0036	get 0.0018% / 4h	2h 20m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.254%Rate

Funding earned: −$13.44
Price spread: +0.254% → +0.038%: $21.58
Slippage, 4 orders: −$888.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$902.4
Costs to cover: 9.105%
Break-even: never at this rate

Slippage from KuCoin: live order book, 36 min ago; BingX: live order book, 10 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, 36 min ago	9.45 bp	508.6 bp −$509	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	6.37 bp	27.1 bp −$27	91.4 bp −$914	670.8 bp −$67.1K	1069.9 bp −$534.9K

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-USDTshort	+0.0036%	4h	0.01580	+0.254%	—	$1.6M	—
Lighter AZTEC	+0.0096%	1h	0.01580	+0.235%	$55K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01580	+0.273%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01580	+0.262%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01580	+0.286%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01579	+0.184%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01581	+0.317%	$323K	$910K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01579	+0.190%	$293K	$422K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01580	+0.254%	$223K	$120K	20x	as long as short
KuCoin AZTECUSDTMlong	+0.0100%	4h	0.01576	long leg	$280K	$316K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01579	+0.190%	$382K	$328K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01577	+0.078%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01582	+0.353%	$56K	$451K	5x	as long as short
BloFin AZTEC-USDT	+0.0132%	4h	0.01583	+0.444%	$91K	$36K	25x	as long as short