Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.074%

Price spread now: Extended against OKX+0.100%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$294as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2812.809% of the position

Long on OKX Short on Extended

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)−0.267%−$27 · spread now +0.100%, 7d avg −0.065%

Together, before fees−0.396%+ Points / potential airdropExtended: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.165% dearer against OKX than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.065%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AZTEC-USDT-SWAP	0.01591	0.0219	pay 0.0109% / 4h	23m 55s	$331K	$923K	20x
Short	Extended AZTEC-USD	0.01593	0.0104	get 0.0013% / 1h	23m 55s	$56K	$449K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$24.1
Price spread: +0.100% → −0.065%: $16.48
Slippage, 4 orders: −$265.88
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$288.5
Costs to cover: 2.809%
Break-even: never at this rate

Slippage from OKX: live order book, 32 min ago; Extended: live order book, 34 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, 32 min ago	6.25 bp	25.8 bp −$26	987.0 bp −$9,870	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	11.91 bp	36.1 bp −$36	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	+0.0036%	4h	0.01592	+0.063%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0044%	4h	0.01592	+0.063%	$95K	$32K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01594	+0.195%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01594	+0.157%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01593	+0.126%	$8K	$22K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01592	+0.063%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01591	0.000%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01592	+0.063%	$293K	$427K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01593	+0.126%	$253K	$117K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01594	+0.189%	$301K	$307K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01594	+0.189%	$379K	$299K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01591	−0.018%	$63K	$75K	—	as long as short
Extended AZTEC-USDshort	+0.0104%	1h	0.01593	+0.100%	$56K	$449K	5x
OKX AZTEC-USDT-SWAPlong	+0.0219%	4h	0.01591	long leg	$331K	$923K	20x