Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h +0.067%

Price spread now: OKX against Extended+0.196%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2552.546% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.196%, 7d avg +0.066%

Together, before fees−0.002%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.130% dearer against Extended than usual: you sell high and buy low (spread +0.196% now, against its 7-day average of +0.066%): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 32 days. Mind the row above: over the last 7 days funding on this pair paid +0.130%, 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	0.01611	0.0344	pay 0.0043% / 1h	43m 14s	$57K	$455K	5x
Short	OKX AZTEC-USDT-SWAP	0.01614	0.0331	get 0.0165% / 4h	2h 43m	$354K	$874K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$2.83
Price spread: +0.196% → +0.066%: $12.98
Slippage, 4 orders: −$239.64
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$244.49
Costs to cover: 2.546%
Break-even: never at this rate

Slippage from Extended: live order book, 24 min ago; OKX: live order book, 23 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, 24 min ago	12.20 bp	146.6 bp −$147	727.1 bp −$7,271	doesn't fit	doesn't fit
Sell OKX live order book, 23 min ago	6.11 bp	44.6 bp −$45	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	+0.0070%	4h	0.01612	+0.072%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01609	−0.121%	$62K	$102K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01613	+0.109%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01611	−0.015%	$1.5M	$1.3M	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01608	−0.177%	$339K	$283K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01610	−0.068%	$64K	$84K	—	as long as short
Gate AZTEC_USDT	+0.0181%	8h	0.01610	−0.053%	$300K	$419K	25x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0331%	4h	0.01614	+0.196%	$354K	$874K	20x
Extended AZTEC-USDlong	+0.0344%	1h	0.01611	long leg	$57K	$455K	5x
Binance AZTECUSDT	+0.0348%	4h	0.01611	+0.009%	$1.9M	$4.2M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0350%	4h	0.01612	+0.072%	$284K	$291K	20x	as long as short
MEXC AZTEC_USDT	+0.0360%	4h	0.01612	+0.072%	$234K	$112K	20x	as long as short
Aster AZTECUSDT	+0.0372%	4h	0.01612	+0.072%	$7K	$21K	5x	as long as short
BloFin AZTEC-USDT	+0.0413%	4h	0.01614	+0.196%	$96K	$31K	25x	as long as short