Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%

Price spread now: Bybit against Gate+0.115%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1641.642% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.115%, 7d avg +0.073%

Together, before fees+0.119%+$12 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: Bybit is 0.041% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01568	0.0100	pay 0.0100% / 8h	7h 58m	$278K	$415K	25x
Short	Bybit AZTECUSDT	0.01570	0.0100	get 0.0050% / 4h	3h 58m	$1.4M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → +0.073%: $4.15
Slippage, 4 orders: −$138.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$160.05
Costs to cover: 1.642%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; Bybit: live order book, 3 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 Gate live order book, 37 min ago	3.18 bp	35.0 bp −$35	9598.4 bp −$96.0K	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	6.38 bp	48.5 bp −$49	268.6 bp −$2,686	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	0.01570	+0.128%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0045%	4h	0.01571	+0.191%	$90K	$37K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01571	+0.172%	$55K	$93K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01571	+0.172%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01572	+0.269%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01571	+0.191%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDTshort	+0.0100%	4h	0.01570	+0.115%	$1.4M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01570	+0.128%	$322K	$867K	20x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01568	long leg	$278K	$415K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01571	+0.191%	$221K	$119K	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	0.01571	+0.191%	$281K	$315K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01573	+0.319%	$367K	$340K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01567	−0.077%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01570	+0.150%	$57K	$472K	5x	as long as short