Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%

Price spread now: OKX against KuCoin−0.127%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$675as in the Funding arb table

Net, price: spread back to 7d avg − costs−$730as in the Price arb table

costs, in and out, $10k−$7107.103% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.355%+$36 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.127%, 7d avg +0.072%

Together, before fees+0.501%+$50 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 0.199% cheaper against KuCoin than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01573	0.0100	pay 0.0050% / 4h	3h 52m	$283K	$316K	20x
Short	OKX AZTEC-USDT-SWAP	0.01571	0.0100	get 0.0050% / 4h	3h 52m	$322K	$866K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → +0.072%: −$19.91
Slippage, 4 orders: −$688.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$730.2
Costs to cover: 7.103%
Break-even: never at this rate

Slippage from KuCoin: live order book, 40 min ago; OKX: live order book, 44 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, 40 min ago	3.18 bp	275.3 bp −$275	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 44 min ago	6.36 bp	23.8 bp −$24	164.6 bp −$1,646	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	0.01571	−0.127%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01572	−0.057%	$55K	$93K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01573	−0.025%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01571	−0.099%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01572	−0.069%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01571	−0.134%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0100%	4h	0.01571	−0.127%	$322K	$866K	20x
Gate AZTEC_USDT	+0.0100%	8h	0.01569	−0.254%	$278K	$417K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01572	−0.064%	$223K	$120K	20x	as long as short
KuCoin AZTECUSDTMlong	+0.0100%	4h	0.01573	long leg	$283K	$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	0.01571	−0.127%	$365K	$344K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01569	−0.271%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01571	−0.136%	$57K	$472K	5x	as long as short
BloFin AZTEC-USDT	+0.0152%	4h	0.01573	0.000%	$91K	$37K	25x	as long as short