Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.044%

Price spread now: Binance against KuCoin−0.122%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,032as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,074as in the Price arb table

costs, in and out, $10k−$1,05910.588% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.122%, 7d avg +0.027%

Together, before fees+0.443%+$44 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: Binance is 0.148% cheaper against KuCoin than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01586	0.0100	pay 0.0050% / 4h	3h 22m	$284K	$314K	20x
Short	Binance AZTECUSDT	0.01584	0.0100	get 0.0050% / 4h	3h 22m	$1.9M	$4.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → +0.027%: −$14.81
Slippage, 4 orders: −$1,036.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,073.6
Costs to cover: 10.588%
Break-even: never at this rate

Slippage from KuCoin: live order book, 50 min ago; Binance: live order book, 15 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 KuCoin live order book, 50 min ago	9.41 bp	455.5 bp −$456	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	3.15 bp	29.0 bp −$29	120.0 bp −$1,200	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	0.01585	−0.063%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01585	−0.063%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01585	−0.088%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01585	−0.065%	$9K	$24K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01584	−0.122%	$1.9M	$4.3M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01582	−0.233%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01586	0.000%	$325K	$933K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01584	−0.126%	$296K	$423K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01583	−0.189%	$237K	$119K	20x	as long as short
KuCoin AZTECUSDTMlong	+0.0100%	4h	0.01586	long leg	$284K	$314K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01585	−0.063%	$352K	$317K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01583	−0.176%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01584	−0.154%	$56K	$449K	5x	as long as short
BloFin AZTEC-USDT	+0.0154%	4h	0.01585	−0.063%	$92K	$33K	25x	as long as short