Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0412%/8h= −45.1% APRpaid last 24h −0.091%

Price spread now: Variational Omni against Extended−0.192%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 0.192% cheaper against Extended than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AZTEC-USD	0.01636	0.0512	pay 0.0064% / 1h	5m 42s	$59K	$455K	5x
Short	Variational Omni AZTEC	0.01633	0.0100	get 0.0050% / 4h	3h 05m	$67K	$82K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.192%Rate

Funding earned: −$86.52
Price spread: −0.192% → 0.000%: −$19.16
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$110.68
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 2 min ago; Variational Omni: no order-book sample. 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 Extended live order book, 2 min ago	12.20 bp	146.6 bp −$147	727.1 bp −$7,271	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	+0.0070%	4h	0.01636	−0.020%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01634	−0.155%	$65K	$105K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01636	+0.004%	$1.1M	$1.2M	3x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01636	−0.020%	$346K	$282K	20x	as long as short
Variational Omni AZTECshort	+0.0100%	4h	0.01633	−0.192%	$67K	$82K	—
Bybit AZTECUSDT	+0.0215%	4h	0.01634	−0.130%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0454%	4h	0.01638	+0.102%	$365K	$871K	20x	as long as short
BloFin AZTEC-USDT	+0.0475%	4h	0.01636	−0.020%	$96K	$31K	25x	as long as short
Extended AZTEC-USDlong	+0.0512%	1h	0.01636	long leg	$59K	$455K	5x
MEXC AZTEC_USDT	+0.0512%	4h	0.01634	−0.143%	$237K	$113K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDT	+0.0513%	4h	0.01635	−0.054%	$2.0M	$4.2M	25x	as long as short
KuCoin AZTECUSDTM	+0.0528%	4h	0.01637	+0.041%	$287K	$284K	20x	as long as short
Aster AZTECUSDT	+0.0544%	4h	0.01636	+0.004%	$7K	$21K	5x	as long as short
Gate AZTEC_USDT	+0.0590%	8h	0.01636	−0.020%	$306K	$424K	25x	as long as short