Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0364%/8h= −39.8% APRpaid last 24h −0.101%

Price spread now: Gate against Binance−0.061%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1221.218% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.307%−$31 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.061%, 7d avg −0.139%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.078% dearer against Binance than usual: you sell high and buy low (spread −0.061% now, against its 7-day average of −0.139%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.307% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AZTECUSDT	0.01637	0.0464	pay 0.0232% / 4h	3h 57m	$2.0M	$4.1M	25x
Short	Gate AZTEC_USDT	0.01636	0.0100	get 0.0100% / 8h	7h 57m	$303K	$407K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$76.36
Price spread: −0.061% → −0.139%: $7.81
Slippage, 4 orders: −$96.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$190.34
Costs to cover: 1.218%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Gate: live order book, 13 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 Binance live order book, 9 min ago	6.16 bp	24.1 bp −$24	145.3 bp −$1,453	doesn't fit	doesn't fit
Sell Gate live order book, 13 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	0.01638	+0.061%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01635	−0.116%	$72K	$98K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01637	+0.018%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01637	−0.031%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01636	−0.061%	$303K	$407K	25x
Bitget AZTECUSDT	+0.0100%	4h	0.01636	−0.061%	$352K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01635	−0.136%	$65K	$80K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0153%	4h	0.01638	+0.061%	$365K	$883K	20x	as long as short
BloFin AZTEC-USDT	+0.0412%	4h	0.01635	−0.122%	$96K	$31K	25x	as long as short
MEXC AZTEC_USDT	+0.0436%	4h	0.01636	−0.061%	$237K	$110K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDTlong	+0.0464%	4h	0.01637	long leg	$2.0M	$4.1M	25x
Extended AZTEC-USD	+0.0464%	1h	0.01637	−0.019%	$58K	$380K	5x	as long as short
Aster AZTECUSDT	+0.0475%	4h	0.01636	−0.042%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTM	+0.0700%	4h	0.01639	+0.122%	$287K	$286K	20x	as long as short