Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against Bybit+0.202%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,082as in the Price arb table

costs, in and out, $10k−$1,09910.993% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.202%, 7d avg +0.026%

Together, before fees−0.371%−$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: KuCoin is 0.175% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AZTECUSDT	0.01586	0.0100	pay 0.0050% / 4h	3h 21m	$1.5M	$1.3M	25x
Short	KuCoin AZTECUSDTM	0.01589	0.0100	get 0.0050% / 4h	3h 21m	$284K	$314K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → +0.026%: $17.54
Slippage, 4 orders: −$1,076.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,081.78
Costs to cover: 10.993%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 51 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 Bybit live order book, 5 min ago	3.15 bp	41.9 bp −$42	355.9 bp −$3,559	doesn't fit	doesn't fit
Sell KuCoin live order book, 51 min ago	9.41 bp	552.0 bp −$552	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	0.01589	+0.202%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01588	+0.164%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01589	+0.177%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01588	+0.166%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01590	+0.268%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDTlong	+0.0100%	4h	0.01586	long leg	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01588	+0.139%	$326K	$934K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01587	+0.076%	$296K	$423K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01589	+0.202%	$238K	$119K	20x	as long as short
KuCoin AZTECUSDTMshort	+0.0100%	4h	0.01589	+0.202%	$284K	$314K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01587	+0.076%	$367K	$317K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01583	−0.164%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01589	+0.190%	$56K	$449K	5x	as long as short
BloFin AZTEC-USDT	+0.0154%	4h	0.01585	−0.050%	$92K	$33K	25x	as long as short