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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.066%

Price spread now: OKX against Bitget−0.063%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1291.286% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.063%, 7d avg +0.080%

Together, before fees+0.372%+$37 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: OKX is 0.143% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AZTECUSDT	0.01586	0.0100	pay 0.0050% / 4h	2h 20m	$385K	$352K	20x
Short	OKX AZTEC-USDT-SWAP	0.01585	0.0100	get 0.0050% / 4h	2h 20m	$323K	$874K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → +0.080%: −$14.27
Slippage, 4 orders: −$106.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$142.85
Costs to cover: 1.286%
Break-even: never at this rate

Slippage from Bitget: live order book, 26 min ago; OKX: live order book, 28 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, 26 min ago	6.33 bp	34.9 bp −$35	180.7 bp −$1,807	doesn't fit	doesn't fit
Sell OKX live order book, 28 min ago	6.34 bp	31.0 bp −$31	166.2 bp −$1,662	doesn't fit	doesn't fit

AZTEC on 14 exchanges

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	0.01584	−0.126%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01584	−0.132%	$56K	$80K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01584	−0.101%	$1.1M	$1.0M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01585	−0.041%	$9K	$20K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01584	−0.107%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01584	−0.126%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0100%	4h	0.01585	−0.063%	$323K	$874K	20x
Gate AZTEC_USDT	+0.0100%	8h	0.01582	−0.252%	$278K	$415K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01584	−0.126%	$226K	$126K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01588	+0.126%	$286K	$319K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDTlong	+0.0100%	4h	0.01586	long leg	$385K	$352K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01583	−0.178%	$61K	$62K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01583	−0.204%	$57K	$467K	5x	as long as short
BloFin AZTEC-USDT	+0.0108%	4h	0.01586	0.000%	$91K	$39K	25x	as long as short