Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h −0.103%

Price spread now: Gate against BloFin−0.185%63s7-day average −0.148% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.185%, 7d avg −0.148%

Together, before fees−0.225%−$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.037% cheaper against BloFin than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of −0.148%). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.325%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AZTEC-USDT	0.01624	0.0045	pay 0.0022% / 4h	2h 12m	$97K	$31K	25x
Short	Gate AZTEC_USDT	0.01621	0.0100	get 0.0100% / 8h	2h 12m	$296K	$430K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee GatebpOrdersPrice spread, now −0.185%Rate

Funding earned: $11.58
Price spread: −0.185% → −0.148%: −$3.72
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.13
Costs to cover: 0.270%
Break-even: 18.6 days

Slippage unknown: BloFin: no order-book sample; Gate: live order book, 9 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell Gate live order book, 9 min ago	9.23 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01624	0.000%	—	$1.6M	—	as long as short
BloFin AZTEC-USDTlong	+0.0045%	4h	0.01624	long leg	$97K	$31K	25x
Lighter AZTEC	+0.0096%	1h	0.01620	−0.240%	$81K	$101K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01624	+0.031%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01623	−0.059%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01624	−0.029%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01622	−0.099%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01625	+0.062%	$364K	$891K	20x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01621	−0.185%	$296K	$430K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01622	−0.123%	$243K	$107K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01623	−0.062%	$285K	$288K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01623	−0.062%	$359K	$276K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01624	−0.004%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01624	−0.010%	$57K	$387K	5x	as long as short