Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.043%

Price spread now: MEXC against KuCoin−0.063%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$852as in the Funding arb table

Net, price: spread back to 7d avg − costs−$886as in the Price arb table

costs, in and out, $10k−$8798.786% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.063%, 7d avg +0.006%

Together, before fees+0.363%+$36 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 0.070% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01584	0.0100	pay 0.0050% / 4h	2h 54m	$286K	$315K	20x
Short	MEXC AZTEC_USDT	0.01583	0.0100	get 0.0050% / 4h	2h 54m	$235K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → +0.006%: −$6.95
Slippage, 4 orders: −$862.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$885.59
Costs to cover: 8.786%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 40 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 KuCoin live order book, 2 min ago	9.45 bp	508.6 bp −$509	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 40 min ago	3.15 bp	13.6 bp −$14	57.8 bp −$578	328.7 bp −$32.9K	821.2 bp −$410.6K

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	0.01583	−0.063%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01583	−0.057%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01583	−0.038%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01585	+0.079%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01583	−0.091%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01583	−0.063%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01585	+0.063%	$326K	$931K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01582	−0.126%	$293K	$422K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01583	−0.063%	$235K	$117K	20x
KuCoin AZTECUSDTMlong	+0.0100%	4h	0.01584	long leg	$286K	$315K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01586	+0.126%	$384K	$330K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01585	+0.046%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01583	−0.043%	$56K	$454K	5x	as long as short
BloFin AZTEC-USDT	+0.0119%	4h	0.01587	+0.189%	$93K	$33K	25x	as long as short