Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.146%

Price spread now: Gate against OKX−0.122%7-day average −0.186% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1531.529% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.418%−$42 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.122%, 7d avg −0.186%

Together, before fees−0.462%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.064% dearer against OKX than usual: you sell high and buy low (spread −0.122% now, against its 7-day average of −0.186%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.6 days. At the pace of the last 7 days (−0.418% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AZTEC-USDT-SWAP	0.01636	0.0319	pay 0.0160% / 4h	3h 19m	$365K	$869K	20x
Short	Gate AZTEC_USDT	0.01634	0.0287	get 0.0287% / 8h	7h 19m	$306K	$419K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.122%Rate

Funding earned: −$6.79
Price spread: −0.122% → −0.186%: $6.41
Slippage, 4 orders: −$127.92
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$153.3
Costs to cover: 1.529%
Break-even: never at this rate

Slippage from OKX: live order book, 51 min ago; Gate: live order book, 51 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, 51 min ago	3.08 bp	40.8 bp −$41	2682.9 bp −$26.8K	doesn't fit	doesn't fit
Sell Gate live order book, 51 min ago	3.08 bp	35.3 bp −$35	doesn't fit	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	+0.0070%	4h	0.01634	−0.122%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01631	−0.293%	$67K	$103K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01634	−0.098%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01632	−0.214%	$1.5M	$1.3M	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01635	−0.061%	$346K	$281K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01632	−0.261%	$67K	$82K	—	as long as short
Gate AZTEC_USDTshort	+0.0287%	8h	0.01634	−0.122%	$306K	$419K	25x
OKX AZTEC-USDT-SWAPlong	+0.0319%	4h	0.01636	long leg	$365K	$869K	20x
BloFin AZTEC-USDT	+0.0402%	4h	0.01632	−0.244%	$96K	$31K	25x	as long as short
Extended AZTEC-USD	+0.0448%	1h	0.01634	−0.114%	$61K	$469K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDT	+0.0451%	4h	0.01634	−0.144%	$2.0M	$4.1M	25x	as long as short
MEXC AZTEC_USDT	+0.0458%	4h	0.01633	−0.183%	$237K	$112K	20x	as long as short
Aster AZTECUSDT	+0.0471%	4h	0.01633	−0.193%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTM	+0.0476%	4h	0.01635	−0.061%	$287K	$285K	20x	as long as short