Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.101%

Price spread now: MEXC against Gate+0.061%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$940.942% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.308%+$31 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.061%, 7d avg +0.114%

Together, before fees+0.326%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.052% cheaper against Gate than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.114%). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01627	0.0100	pay 0.0100% / 8h	32m 37s	$297K	$428K	25x
Short	MEXC AZTEC_USDT	0.01628	0.0254	get 0.0127% / 4h	32m 37s	$219K	$109K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.061%Rate

Funding earned: $32.34
Price spread: +0.061% → +0.114%: −$5.25
Slippage, 4 orders: −$75.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$67.12
Costs to cover: 0.942%
Break-even: 21.5 days

Slippage from Gate: live order book, 43 min ago; MEXC: live order book, 27 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, 43 min ago	3.08 bp	36.0 bp −$36	9128.9 bp −$91.3K	doesn't fit	doesn't fit
Sell MEXC live order book, 27 min ago	3.07 bp	14.2 bp −$14	68.5 bp −$685	346.5 bp −$34.6K	989.6 bp −$494.8K

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	0.01629	+0.123%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01627	−0.012%	$76K	$97K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01630	+0.197%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01629	+0.123%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01627	long leg	$297K	$428K	25x
Bitget AZTECUSDT	+0.0100%	4h	0.01629	+0.123%	$353K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01630	+0.173%	$65K	$81K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0114%	4h	0.01632	+0.307%	$364K	$883K	20x	as long as short
BloFin AZTEC-USDT	+0.0225%	4h	0.01628	+0.061%	$97K	$28K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0254%	4h	0.01628	+0.061%	$219K	$109K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AZTECUSDT	+0.0257%	4h	0.01627	−0.006%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0270%	4h	0.01628	+0.061%	$1.9M	$4.1M	25x	as long as short
Extended AZTEC-USD	+0.0272%	1h	0.01629	+0.105%	$57K	$383K	5x	as long as short
KuCoin AZTECUSDTM	+0.0608%	4h	0.01629	+0.123%	$286K	$287K	20x	as long as short