Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.041%

Price spread now: Bybit against Bitget−0.085%7-day average −0.005% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1601.598% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now −0.085%, 7d avg −0.005%

Together, before fees−0.050%−$5 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 0.080% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AZTECUSDT	0.01638	0.0100	pay 0.0050% / 4h	3h 26m	$364K	$275K	20x
Short	Bybit AZTECUSDT	0.01637	0.0100	get 0.0050% / 4h	3h 26m	$1.5M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.005%: −$8.03
Slippage, 4 orders: −$136.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$167.81
Costs to cover: 1.598%
Break-even: never at this rate

Slippage from Bitget: live order book, 18 min ago; Bybit: live order book, 6 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 Bitget live order book, 18 min ago	9.26 bp	26.6 bp −$27	254.5 bp −$2,545	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	9.18 bp	38.4 bp −$38	318.9 bp −$3,189	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	0.01637	−0.061%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0059%	4h	0.01639	+0.061%	$98K	$24K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01633	−0.311%	$83K	$129K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01638	−0.018%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01637	−0.047%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01637	−0.067%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDTshort	+0.0100%	4h	0.01637	−0.085%	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01639	+0.061%	$368K	$907K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01636	−0.122%	$299K	$434K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01638	0.000%	$246K	$107K	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	0.01638	0.000%	$289K	$288K	20x	as long as short
Bitget AZTECUSDTlong	+0.0100%	4h	0.01638	long leg	$364K	$275K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01633	−0.276%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01636	−0.100%	$58K	$387K	5x	as long as short