Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.041%

Price spread now: Bitget against Bybit+0.111%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1561.557% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.111%, 7d avg +0.009%

Together, before fees−0.113%−$11 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 0.102% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AZTECUSDT	0.01616	0.0100	pay 0.0050% / 4h	1h 32m	$1.5M	$1.3M	25x
Short	Bitget AZTECUSDT	0.01618	0.0100	get 0.0050% / 4h	1h 32m	$354K	$278K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.009%: $10.22
Slippage, 4 orders: −$132.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$145.5
Costs to cover: 1.557%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 43 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 Bybit live order book, 4 min ago	6.16 bp	42.6 bp −$43	321.9 bp −$3,219	doesn't fit	doesn't fit
Sell Bitget live order book, 43 min ago	9.22 bp	41.9 bp −$42	151.5 bp −$1,515	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	0.01618	+0.111%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01616	+0.019%	$78K	$98K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01619	+0.173%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01618	+0.130%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01617	+0.049%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDTlong	+0.0100%	4h	0.01616	long leg	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01619	+0.173%	$362K	$890K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01617	+0.049%	$295K	$428K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01617	+0.049%	$242K	$105K	20x	as long as short
Bitget AZTECUSDTshort	+0.0100%	4h	0.01618	+0.111%	$354K	$278K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01621	+0.316%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01617	+0.063%	$57K	$384K	5x	as long as short
BloFin AZTEC-USDT	+0.0123%	4h	0.01619	+0.173%	$96K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0286%	4h	0.01620	+0.235%	$284K	$287K	20x	as long as short