Funding arb · Price arb /

AZTEC

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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 −0.159%

Price spread now: Bitget against OKX−0.125%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1711.707% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.377%−$38 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.125%, 7d avg −0.095%

Together, before fees−0.186%−$19 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 0.030% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AZTEC-USDT-SWAP	0.01601	0.0100	pay 0.0050% / 4h	1h 44m	$352K	$856K	20x
Short	Bitget AZTECUSDT	0.01599	0.0100	get 0.0050% / 4h	1h 44m	$342K	$279K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → −0.095%: −$2.97
Slippage, 4 orders: −$148.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$173.63
Costs to cover: 1.707%
Break-even: never at this rate

Slippage from OKX: live order book, 17 min ago; Bitget: live order book, 11 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 OKX live order book, 17 min ago	6.26 bp	37.0 bp −$37	1943.8 bp −$19.4K	doesn't fit	doesn't fit
Sell Bitget live order book, 11 min ago	6.24 bp	55.6 bp −$56	210.9 bp −$2,109	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	0.01598	−0.187%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01598	−0.194%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01599	−0.137%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01597	−0.274%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01597	−0.250%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01597	−0.275%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAPlong	+0.0100%	4h	0.01601	long leg	$352K	$856K	20x
Gate AZTEC_USDT	+0.0100%	8h	0.01597	−0.250%	$296K	$422K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01598	−0.187%	$228K	$113K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01599	−0.125%	$302K	$295K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDTshort	+0.0100%	4h	0.01599	−0.125%	$342K	$279K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01594	−0.423%	$64K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01598	−0.166%	$56K	$456K	5x	as long as short
BloFin AZTEC-USDT	+0.0142%	4h	0.01595	−0.375%	$95K	$31K	25x	as long as short