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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against KuCoin+0.126%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,074as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,070as in the Price arb table

costs, in and out, $10k−$1,08510.851% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.225%−$22 · spread now +0.126%, 7d avg −0.028%

Together, before fees−0.118%−$12 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: Bybit is 0.154% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01590	0.0100	pay 0.0050% / 4h	1m 22s	$284K	$311K	20x
Short	Bybit AZTECUSDT	0.01592	0.0100	get 0.0050% / 4h	1m 22s	$1.5M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → −0.028%: $15.38
Slippage, 4 orders: −$1,062.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,069.73
Costs to cover: 10.851%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Bybit: 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, 10 min ago	9.41 bp	455.5 bp −$456	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.30 bp	48.7 bp −$49	238.0 bp −$2,380	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	0.01592	+0.126%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01593	+0.182%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01592	+0.138%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01590	+0.021%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01594	+0.224%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDTshort	+0.0100%	4h	0.01592	+0.126%	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01594	+0.252%	$330K	$938K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01590	0.000%	$297K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01592	+0.126%	$251K	$118K	20x	as long as short
KuCoin AZTECUSDTMlong	+0.0100%	4h	0.01590	long leg	$284K	$311K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01594	+0.252%	$368K	$307K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01585	−0.300%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01592	+0.129%	$60K	$449K	5x	as long as short
BloFin AZTEC-USDT	+0.0133%	4h	0.01594	+0.252%	$93K	$33K	25x	as long as short