Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.066%

Price spread now: Gate against Extended−0.083%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$291as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2632.625% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.083%, 7d avg −0.117%

Together, before fees−0.174%+ Points / potential airdropExtended: Active · farm board−$17 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: Gate is 0.034% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.117%.

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	55m 58s	$56K	$454K	5x
Short	Gate AZTEC_USDT	0.01583	0.0100	get 0.0100% / 8h	2h 55m	$293K	$422K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.083%Rate

Funding earned: −$0.84
Price spread: −0.083% → −0.117%: $3.39
Slippage, 4 orders: −$242.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$259.97
Costs to cover: 2.625%
Break-even: never at this rate

Slippage from Extended: live order book, 57 min ago; Gate: live order book, 55 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, 57 min ago	12.85 bp	145.9 bp −$146	739.5 bp −$7,395	doesn't fit	doesn't fit
Sell Gate live order book, 55 min ago	6.30 bp	29.4 bp −$29	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	0.01584	−0.020%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01585	+0.024%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01585	+0.037%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01585	+0.052%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01584	−0.020%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01584	−0.020%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01585	+0.043%	$326K	$931K	20x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01583	−0.083%	$293K	$422K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01584	−0.020%	$236K	$117K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01583	−0.083%	$286K	$315K	20x	as long as short

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	+0.170%	$384K	$330K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01585	+0.026%	$63K	$65K	—	as long as short
Extended AZTEC-USDlong	+0.0104%	1h	0.01584	long leg	$56K	$454K	5x
BloFin AZTEC-USDT	+0.0159%	4h	0.01581	−0.209%	$92K	$33K	25x	as long as short