Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%

Price spread now: MEXC against Hyperliquid−0.062%7-day average −0.109% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.481%−$48 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.062%, 7d avg −0.109%

Together, before fees−0.615%+ Points / potential airdropHyperliquid: Season 2 · farm board−$62 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 0.047% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AZTEC	0.01605	0.0100	pay 0.0013% / 1h	19m 56s	$1.1M	$1.2M	3x
Short	MEXC AZTEC_USDT	0.01604	0.0100	get 0.0050% / 4h	1h 19m	$229K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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 HyperliquidbpFee MEXCbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.109%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$8.29
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, just now; MEXC: live order book, 24 min ago. Net counts fees only.

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 Hyperliquid live order book, just now	3.12 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 24 min ago	3.13 bp	14.3 bp −$14	77.0 bp −$770	334.4 bp −$33.4K	712.7 bp −$356.3K

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	0.01605	0.000%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01605	+0.012%	$56K	$107K	3x	as long as short
Hyperliquid AZTEClong	+0.0100%	1h	0.01605	long leg	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01604	−0.053%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01605	−0.020%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01603	−0.118%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01605	0.000%	$293K	$426K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01604	−0.062%	$229K	$115K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01607	+0.125%	$303K	$294K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01604	−0.062%	$344K	$279K	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	0.01606	+0.075%	$65K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01605	+0.006%	$57K	$456K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0142%	4h	0.01609	+0.249%	$358K	$867K	20x	as long as short
BloFin AZTEC-USDT	+0.0159%	4h	0.01607	+0.125%	$95K	$32K	25x	as long as short