Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.058%

Price spread now: Binance against OKX−0.123%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1371.373% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.123%, 7d avg −0.035%

Together, before fees−0.128%−$13 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 0.088% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AZTEC-USDT-SWAP	0.01620	0.0100	pay 0.0050% / 4h	6m 40s	$363K	$893K	20x
Short	Binance AZTECUSDT	0.01618	0.0100	get 0.0050% / 4h	6m 40s	$1.9M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.035%: −$8.85
Slippage, 4 orders: −$117.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$146.16
Costs to cover: 1.373%
Break-even: never at this rate

Slippage from OKX: live order book, 24 min ago; Binance: live order book, 5 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 OKX live order book, 24 min ago	6.17 bp	36.5 bp −$36	3018.5 bp −$30.2K	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	6.18 bp	28.1 bp −$28	128.9 bp −$1,289	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	0.01619	−0.062%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0076%	4h	0.01621	+0.062%	$100K	$24K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01616	−0.259%	$82K	$132K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01620	−0.031%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01619	−0.060%	$7K	$21K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01618	−0.123%	$1.9M	$4.2M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01618	−0.123%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAPlong	+0.0100%	4h	0.01620	long leg	$363K	$893K	20x
Gate AZTEC_USDT	+0.0100%	8h	0.01616	−0.247%	$301K	$431K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01619	−0.062%	$243K	$109K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01619	−0.062%	$284K	$288K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01617	−0.185%	$363K	$268K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01617	−0.186%	$65K	$82K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01619	−0.070%	$57K	$385K	5x	as long as short