Funding arb · Price arb /

AZTEC

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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 +0.083%

Price spread now: OKX against Bybit+0.051%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1491.493% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 7 days+0.180%+$18 · spread now +0.051%, 7d avg +0.114%

Together, before fees+0.432%+$43 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 0.063% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AZTECUSDT	0.01576	0.0100	pay 0.0050% / 4h	1h 03m	$1.5M	$1.3M	25x
Short	OKX AZTEC-USDT-SWAP	0.01577	0.0100	get 0.0050% / 4h	1h 03m	$323K	$873K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.114%: −$6.29
Slippage, 4 orders: −$128.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$155.62
Costs to cover: 1.493%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 38 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, 2 min ago	6.34 bp	44.1 bp −$44	355.0 bp −$3,550	doesn't fit	doesn't fit
Sell OKX live order book, 38 min ago	6.35 bp	27.5 bp −$27	460.3 bp −$4,603	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	0.01577	+0.051%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0048%	4h	0.01578	+0.114%	$91K	$36K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01578	+0.102%	$55K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01578	+0.102%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01578	+0.118%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01578	+0.091%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDTlong	+0.0100%	4h	0.01576	long leg	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAPshort	+0.0100%	4h	0.01577	+0.051%	$323K	$873K	20x
Gate AZTEC_USDT	+0.0100%	8h	0.01577	+0.051%	$285K	$418K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01577	+0.051%	$222K	$123K	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	0.01580	+0.241%	$283K	$316K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01579	+0.178%	$369K	$340K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01578	+0.128%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01577	+0.054%	$56K	$289K	5x	as long as short