Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.046%

Price spread now: Extended against Bybit+0.100%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$337as in the Funding arb table

Net, price: spread back to 7d avg − costs−$344as in the Price arb table

costs, in and out, $10k−$3503.496% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.100%, 7d avg +0.040%

Together, before fees−0.079%+ Points / potential airdropExtended: Active · farm board−$8 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: Extended is 0.059% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AZTECUSDT	0.01591	0.0100	pay 0.0050% / 4h	23m 51s	$1.5M	$1.3M	25x
Short	Extended AZTEC-USD	0.01593	0.0104	get 0.0013% / 1h	23m 51s	$56K	$449K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0.84
Price spread: +0.100% → +0.040%: $5.93
Slippage, 4 orders: −$333.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$342.8
Costs to cover: 3.496%
Break-even: 2863.7 days

Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 34 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, 2 min ago	6.28 bp	59.3 bp −$59	493.1 bp −$4,931	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	11.91 bp	36.1 bp −$36	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	+0.0036%	4h	0.01592	+0.063%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0044%	4h	0.01592	+0.063%	$95K	$32K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01594	+0.195%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01594	+0.157%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01593	+0.126%	$8K	$22K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01592	+0.063%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDTlong	+0.0100%	4h	0.01591	long leg	$1.5M	$1.3M	25x
Gate AZTEC_USDT	+0.0100%	8h	0.01592	+0.063%	$293K	$427K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01593	+0.126%	$253K	$117K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01594	+0.189%	$301K	$307K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01594	+0.189%	$379K	$299K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01591	−0.018%	$63K	$75K	—	as long as short
Extended AZTEC-USDshort	+0.0104%	1h	0.01593	+0.100%	$56K	$449K	5x
OKX AZTEC-USDT-SWAP	+0.0219%	4h	0.01591	0.000%	$331K	$923K	20x	as long as short