Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.056%

Price spread now: Extended against OKX−0.041%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2332.325% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.041%, 7d avg −0.061%

Together, before fees−0.153%+ Points / potential airdropExtended: Active · farm board−$15 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 0.020% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AZTEC-USDT-SWAP	0.01574	0.0100	pay 0.0050% / 4h	18m 39s	$325K	$875K	20x
Short	Extended AZTEC-USD	0.01573	0.0104	get 0.0013% / 1h	18m 39s	$55K	$473K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.84
Price spread: −0.041% → −0.061%: $2.01
Slippage, 4 orders: −$217.51
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$229.66
Costs to cover: 2.325%
Break-even: 1920.9 days

Slippage from OKX: live order book, 18 min ago; Extended: live order book, 19 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 OKX live order book, 18 min ago	6.36 bp	28.8 bp −$29	515.8 bp −$5,158	doesn't fit	doesn't fit
Sell Extended live order book, 19 min ago	9.85 bp	38.4 bp −$38	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	0.01573	−0.064%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01574	+0.013%	$55K	$98K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01574	−0.025%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01573	−0.041%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01575	+0.079%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01571	−0.191%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAPlong	+0.0100%	4h	0.01574	long leg	$325K	$875K	20x
Gate AZTEC_USDT	+0.0100%	8h	0.01568	−0.381%	$286K	$415K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01575	+0.064%	$222K	$122K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01574	0.000%	$282K	$316K	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	0.01570	−0.254%	$367K	$338K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01568	−0.399%	$62K	$65K	—	as long as short
Extended AZTEC-USDshort	+0.0104%	1h	0.01573	−0.041%	$55K	$473K	5x
BloFin AZTEC-USDT	+0.0157%	4h	0.01569	−0.318%	$91K	$36K	25x	as long as short