Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.103%

Price spread now: Gate against BloFin−0.062%63s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$32 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.062% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AZTEC-USDT	0.01617	0.0158	pay 0.0079% / 4h	1h 28m	$96K	$28K	25x
Short	Gate AZTEC_USDT	0.01616	0.0100	get 0.0100% / 8h	1h 28m	$295K	$429K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: −$12.16
Price spread: −0.062% → 0.000%: −$6.18
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.34
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Gate: live order book, 52 min ago. Net counts fees only.

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 BloFin no order-book sample	—	—	—	—	—
Sell Gate live order book, 52 min ago	9.23 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit

BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01615	−0.124%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01613	−0.235%	$78K	$98K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01617	−0.006%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01616	−0.031%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01616	−0.062%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01617	−0.012%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01620	+0.186%	$362K	$890K	20x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01616	−0.062%	$295K	$429K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01616	−0.062%	$242K	$106K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01616	−0.062%	$352K	$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	0.01616	−0.074%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01616	−0.081%	$57K	$384K	5x	as long as short
BloFin AZTEC-USDTlong	+0.0158%	4h	0.01617	long leg	$96K	$28K	25x
KuCoin AZTECUSDTM	+0.0272%	4h	0.01619	+0.124%	$284K	$287K	20x	as long as short