Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against Binance−0.087%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.087%, 7d avg −0.026%

Together, before fees+0.067%+$7 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: MEXC is 0.062% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AZTECUSDT	0.01622	0.0100	pay 0.0050% / 4h	1h 12m	$1.9M	$4.1M	25x
Short	MEXC AZTEC_USDT	0.01621	0.0100	get 0.0050% / 4h	1h 12m	$229K	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.026%: −$6.18
Slippage, 4 orders: −$61.34
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$81.52
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; MEXC: live order book, 60 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 Binance live order book, 9 min ago	3.08 bp	22.8 bp −$23	162.9 bp −$1,629	doesn't fit	doesn't fit
Sell MEXC live order book, 60 min ago	3.08 bp	15.8 bp −$16	64.6 bp −$646	349.4 bp −$34.9K	888.6 bp −$444.3K

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	0.01622	−0.026%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01619	−0.186%	$76K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01623	+0.067%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01621	−0.083%	$7K	$21K	5x	as long as short
Binance AZTECUSDTlong	+0.0100%	4h	0.01622	long leg	$1.9M	$4.1M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01620	−0.149%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01625	+0.159%	$363K	$891K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01621	−0.087%	$296K	$429K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01621	−0.087%	$229K	$109K	20x
Bitget AZTECUSDT	+0.0100%	4h	0.01623	+0.036%	$354K	$280K	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	0.01620	−0.131%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01622	−0.030%	$57K	$383K	5x	as long as short
BloFin AZTEC-USDT	+0.0147%	4h	0.01622	−0.026%	$96K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0276%	4h	0.01623	+0.036%	$285K	$287K	20x	as long as short