Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.029%

Price spread now: BingX against Extended−0.033%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$260as in the Price arb table

costs, in and out, $10k−$2542.544% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.153%+$15 on $10k

Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.033%, 7d avg +0.025%

Together, before fees+0.483%+ Points / potential airdropExtended: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.058% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.153%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AZTEC-USD	0.01584	0.0104	pay 0.0013% / 1h	20m 48s	$57K	$467K	5x
Short	BingX AZTEC-USDT	0.01583	0.0036	get 0.0018% / 4h	2h 20m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$14.28
Price spread: −0.033% → +0.025%: −$5.82
Slippage, 4 orders: −$239.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$274.52
Costs to cover: 2.544%
Break-even: never at this rate

Slippage from Extended: live order book, 29 min ago; BingX: live order book, 5 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 Extended live order book, 29 min ago	9.83 bp	140.7 bp −$141	718.4 bp −$7,184	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	6.32 bp	32.5 bp −$33	98.3 bp −$983	644.9 bp −$64.5K	1111.8 bp −$555.9K

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-USDTshort	+0.0036%	4h	0.01583	−0.033%	—	$1.6M	—
Lighter AZTEC	+0.0096%	1h	0.01584	+0.024%	$56K	$80K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01583	−0.039%	$1.1M	$1.0M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01585	+0.120%	$9K	$20K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01584	+0.044%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01583	−0.001%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01585	+0.093%	$323K	$874K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01583	−0.033%	$279K	$415K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01584	+0.030%	$226K	$126K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01588	+0.283%	$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 AZTECUSDT	+0.0100%	4h	0.01586	+0.157%	$385K	$352K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01583	−0.022%	$61K	$62K	—	as long as short
Extended AZTEC-USDlong	+0.0104%	1h	0.01584	long leg	$57K	$467K	5x
BloFin AZTEC-USDT	+0.0108%	4h	0.01586	+0.157%	$91K	$39K	25x	as long as short