Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.066%

Price spread now: Gate against BingX−0.063%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1381.384% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.448%−$45 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.063%, 7d avg −0.141%

Together, before fees−0.515%−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.077% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.141%. Mind the row above: over the last 7 days funding on this pair cost −0.448%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AZTEC-USDT	0.01580	0.0036	pay 0.0018% / 4h	2h 20m	—	$1.6M	—
Short	Gate AZTEC_USDT	0.01579	0.0100	get 0.0100% / 8h	2h 20m	$293K	$422K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.063%Rate

Funding earned: $13.44
Price spread: −0.063% → −0.141%: $7.73
Slippage, 4 orders: −$113.4
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$117.23
Costs to cover: 1.384%
Break-even: 68.1 days

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 25 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 BingX live order book, 10 min ago	6.37 bp	32.4 bp −$32	89.2 bp −$892	800.2 bp −$80.0K	1360.6 bp −$680.3K
Sell Gate live order book, 25 min ago	3.17 bp	33.6 bp −$34	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-USDTlong	+0.0036%	4h	0.01580	long leg	—	$1.6M	—
Lighter AZTEC	+0.0096%	1h	0.01580	−0.019%	$55K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01580	+0.019%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01580	+0.008%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01580	+0.032%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01579	−0.070%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01581	+0.063%	$323K	$910K	20x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01579	−0.063%	$293K	$422K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01580	0.000%	$223K	$120K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01576	−0.253%	$280K	$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	0.01579	−0.063%	$382K	$328K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01577	−0.176%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01582	+0.099%	$56K	$451K	5x	as long as short
BloFin AZTEC-USDT	+0.0132%	4h	0.01583	+0.190%	$91K	$36K	25x	as long as short