Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: MEXC against Lighter+0.044%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.609%−$61 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.044% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01577	0.0096	pay 0.0012% / 1h	22m 17s	$55K	$93K	3x
Short	MEXC AZTEC_USDT	0.01578	0.0100	get 0.0050% / 4h	3h 22m	$224K	$122K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter. 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 LighterbpFee MEXCbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0.84
Price spread: +0.044% → 0.000%: $4.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $1.28
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; MEXC: live order book, 57 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 Lighter no order-book sample	—	—	—	—	—
Sell MEXC live order book, 57 min ago	3.18 bp	14.0 bp −$14	69.3 bp −$693	346.2 bp −$34.6K	897.8 bp −$448.9K

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01579	+0.108%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01577	long leg	$55K	$93K	3x
BloFin AZTEC-USDT	+0.0098%	4h	0.01573	−0.273%	$91K	$38K	25x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01577	−0.032%	$1.1M	$1.0M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01574	−0.226%	$9K	$20K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01579	+0.108%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01578	+0.063%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01581	+0.235%	$323K	$873K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01573	−0.273%	$277K	$422K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01578	+0.044%	$224K	$122K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01576	−0.082%	$283K	$316K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01575	−0.146%	$371K	$342K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01564	−0.863%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01579	+0.130%	$56K	$472K	5x	as long as short