Funding arb · Price arb /

AZTEC

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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 −0.011%

Price spread now: Bitget against KuCoin+0.248%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,795as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,770as in the Price arb table

costs, in and out, $10k−$1,79617.960% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.248%, 7d avg −0.011%

Together, before fees−0.204%−$20 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: Bitget is 0.259% dearer against KuCoin than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01613	0.0100	pay 0.0050% / 4h	2h 37m	$283K	$288K	20x
Short	Bitget AZTECUSDT	0.01617	0.0100	get 0.0050% / 4h	2h 37m	$358K	$277K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.248%Rate

Funding earned: $0
Price spread: +0.248% → −0.011%: $25.87
Slippage, 4 orders: −$1,772
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,770.13
Costs to cover: 17.960%
Break-even: never at this rate

Slippage from KuCoin: live order book, 43 min ago; Bitget: live order book, 46 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, 43 min ago	9.20 bp	1333.3 bp −$1,333	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 46 min ago	9.20 bp	31.9 bp −$32	135.8 bp −$1,358	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	0.01617	+0.248%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0082%	4h	0.01611	−0.124%	$97K	$28K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01613	+0.006%	$81K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01618	+0.304%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01614	+0.057%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01617	+0.248%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01614	+0.093%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01620	+0.434%	$363K	$892K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01614	+0.062%	$295K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01616	+0.186%	$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	0.01613	long leg	$283K	$288K	20x
Bitget AZTECUSDTshort	+0.0100%	4h	0.01617	+0.248%	$358K	$277K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01616	+0.155%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01617	+0.222%	$57K	$387K	5x	as long as short