Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.027%

Price spread now: KuCoin against Gate+0.061%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$918as in the Funding arb table

Net, price: spread back to 7d avg − costs−$929as in the Price arb table

costs, in and out, $10k−$9249.242% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.061%, 7d avg +0.104%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.043% cheaper against Gate than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.104%). If the spread goes back, that is −$4 on $10k: about 42 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.060% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01636	0.0457	pay 0.0457% / 8h	7h 33m	$304K	$414K	25x
Short	KuCoin AZTECUSDTM	0.01637	0.0540	get 0.0270% / 4h	3h 33m	$287K	$285K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $17.43
Price spread: +0.061% → +0.104%: −$4.33
Slippage, 4 orders: −$897.17
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$911.07
Costs to cover: 9.242%
Break-even: 372.9 days

Slippage from Gate: live order book, 37 min ago; KuCoin: live order book, 18 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, 37 min ago	3.08 bp	35.7 bp −$36	8412.1 bp −$84.1K	doesn't fit	doesn't fit
Sell KuCoin live order book, 18 min ago	9.23 bp	381.9 bp −$382	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	0.01637	+0.061%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01635	−0.079%	$69K	$101K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01638	+0.116%	$1.1M	$1.2M	3x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01637	+0.061%	$348K	$280K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01636	+0.015%	$65K	$80K	—	as long as short
Bybit AZTECUSDT	+0.0190%	4h	0.01636	−0.012%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0273%	4h	0.01640	+0.244%	$366K	$873K	20x	as long as short
Gate AZTEC_USDTlong	+0.0457%	8h	0.01636	long leg	$304K	$414K	25x
MEXC AZTEC_USDT	+0.0464%	4h	0.01636	0.000%	$237K	$111K	20x	as long as short
BloFin AZTEC-USDT	+0.0465%	4h	0.01635	−0.061%	$97K	$31K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AZTEC-USD	+0.0472%	1h	0.01637	+0.041%	$58K	$540K	5x	as long as short
Binance AZTECUSDT	+0.0475%	4h	0.01636	0.000%	$2.0M	$4.1M	25x	as long as short
Aster AZTECUSDT	+0.0495%	4h	0.01634	−0.093%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTMshort	+0.0540%	4h	0.01637	+0.061%	$287K	$285K	20x