Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h +0.126%

Price spread now: BingX against Gate+0.309%7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1481.481% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.452%+$45 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.309%, 7d avg +0.148%

Together, before fees+0.296%+$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.161% dearer against Gate than usual: you sell high and buy low (spread +0.309% now, against its 7-day average of +0.148%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.452%, 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	Gate AZTEC_USDT	0.01619	0.0100	pay 0.0100% / 8h	1h 35m	$295K	$428K	25x
Short	BingX AZTEC-USDT	0.01624	0.0036	get 0.0018% / 4h	1h 35m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.309%Rate

Funding earned: −$13.44
Price spread: +0.309% → +0.148%: $16.07
Slippage, 4 orders: −$123.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$145.5
Costs to cover: 1.481%
Break-even: never at this rate

Slippage from Gate: live order book, 45 min ago; BingX: live order book, 12 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 Gate live order book, 45 min ago	9.23 bp	38.4 bp −$38	9521.0 bp −$95.2K	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	9.24 bp	40.0 bp −$40	100.8 bp −$1,008	658.2 bp −$65.8K	1177.9 bp −$589.0K

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-USDTshort	+0.0036%	4h	0.01624	+0.309%	—	$1.7M	—
Lighter AZTEC	+0.0096%	1h	0.01621	+0.111%	$79K	$97K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01625	+0.352%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01621	+0.137%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01624	+0.309%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01622	+0.198%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01624	+0.309%	$363K	$891K	20x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01619	long leg	$295K	$428K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01624	+0.309%	$244K	$105K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01625	+0.371%	$359K	$277K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01621	+0.143%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01624	+0.323%	$57K	$384K	5x	as long as short
BloFin AZTEC-USDT	+0.0148%	4h	0.01625	+0.371%	$96K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0296%	4h	0.01623	+0.247%	$285K	$287K	20x	as long as short