Funding you earn now, next payment 04:00 UTC−0.0151%/8h= −16.6% APRnext payment −$0.76 per $10,000 · paid last 24h −0.119%
Price spread now: Bybit against OKX−0.143%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1741.740% of the position
Funding, last 7 days−0.250%−$25 on $10k
+Price spread, last 7 days+0.071%+$7 · spread now −0.143%, 7d avg −0.114%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.029% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.114%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AZTEC-USDT-SWAP | 0.01610 | 0.0251 | pay 0.0126% / 4h | 2h 32m | $354K | $871K | 20x |
| Short | Bybit AZTECUSDT | 0.01608 | 0.0100 | get 0.0050% / 4h | 2h 32m | $1.5M | $1.3M | 25x |
OKX AZTEC-USDT-SWAP
Bybit AZTECUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.81
- Price spread: −0.143% → −0.114%
- −$2.87
- Slippage, 4 orders
- −$152.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$208.68
- Costs to cover
- 1.740%
- Break-even
- never at this rate
Slippage from OKX: live order book, 34 min ago; Bybit: live order book, 4 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, 34 min ago | 6.11 bp | 36.2 bp −$36 | 2919.4 bp −$29.2K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.22 bp | 50.2 bp −$50 | 278.5 bp −$2,785 | doesn't fit | doesn't fit |
AZTEC on 13 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 | +0.0070% | 4h | 0.01608 | −0.124% | — | $1.6M | — | as long as short |
| Lighter AZTEC | +0.0096% | 1h | 0.01606 | −0.242% | $60K | $103K | 3x | as long as short |
| Hyperliquid AZTEC | +0.0100% | 1h | 0.01608 | −0.143% | $1.1M | $1.2M | 3x | as long as short |
| Bybit AZTECUSDTshort | +0.0100% | 4h | 0.01608 | −0.143% | $1.5M | $1.3M | 25x | |
| Gate AZTEC_USDT | +0.0100% | 8h | 0.01607 | −0.186% | $302K | $422K | 25x | as long as short |
| Bitget AZTECUSDT | +0.0100% | 4h | 0.01605 | −0.311% | $339K | $283K | 20x | as long as short |
| Variational Omni AZTEC | +0.0100% | 4h | 0.01607 | −0.202% | $64K | $84K | — | as long as short |
| OKX AZTEC-USDT-SWAPlong | +0.0251% | 4h | 0.01610 | long leg | $354K | $871K | 20x | |
| Extended AZTEC-USD | +0.0256% | 1h | 0.01609 | −0.072% | $57K | $453K | 5x | as long as short |
| Binance AZTECUSDT | +0.0256% | 4h | 0.01608 | −0.100% | $1.9M | $4.2M | 25x | as long as short |
BingX AZTEC-USDT
Lighter AZTEC
Hyperliquid AZTEC
Gate AZTEC_USDT
Bitget AZTECUSDT
Variational Omni AZTEC
Extended AZTEC-USD
Binance AZTECUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AZTECUSDTM | +0.0258% | 4h | 0.01609 | −0.062% | $283K | $291K | 20x | as long as short |
| MEXC AZTEC_USDT | +0.0266% | 4h | 0.01608 | −0.124% | $230K | $113K | 20x | as long as short |
| Aster AZTECUSDT | +0.0268% | 4h | 0.01609 | −0.092% | $7K | $21K | 5x | as long as short |
KuCoin AZTECUSDTM
MEXC AZTEC_USDT
Aster AZTECUSDT