AZTEC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.96 per $10,000 · paid last 24h +0.030%

Price spread now: Bybit against KuCoin−0.123%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,679as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,703as in the Price arb table

costs, in and out, $10k−$1,69316.928% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 4 days (all we have)+0.185%+$19 · spread now −0.123%, 7d avg −0.019%

Together, before fees+0.323%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.137%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01623	0.0292	pay 0.0146% / 4h	1h 07m	$285K	$287K	20x
Short	Bybit AZTECUSDT	0.01621	0.0100	get 0.0050% / 4h	1h 07m	$1.5M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$40.32
Price spread: −0.123% → −0.019%: −$10.4
Slippage, 4 orders: −$1,669.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,743.53
Costs to cover: 16.928%
Break-even: never at this rate

Slippage from KuCoin: live order book, 63 min ago; Bybit: live order book, 4 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 KuCoin live order book, 63 min ago	21.53 bp	1234.9 bp −$1,235	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.17 bp	43.3 bp −$43	248.0 bp −$2,480	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	0.01623	0.000%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01621	−0.111%	$76K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01626	+0.160%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01622	−0.073%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01623	0.000%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDTshort	+0.0100%	4h	0.01621	−0.123%	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01624	+0.062%	$363K	$891K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01621	−0.123%	$296K	$429K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01623	0.000%	$218K	$111K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01624	+0.062%	$353K	$280K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01620	−0.198%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01623	−0.021%	$57K	$383K	5x	as long as short
BloFin AZTEC-USDT	+0.0154%	4h	0.01622	−0.062%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTMlong	+0.0292%	4h	0.01623	long leg	$285K	$287K	20x