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: Binance against MEXC−0.016%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$820.822% of the position

Long on MEXC Short on Binance

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)+0.017%+$2 · spread now −0.016%, 7d avg +0.027%

Together, before fees+0.017%+$2 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: Binance is 0.042% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01619	0.0100	pay 0.0050% / 4h	2h 47m	$243K	$105K	20x
Short	Binance AZTECUSDT	0.01619	0.0100	get 0.0050% / 4h	2h 47m	$1.9M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.027%: −$4.22
Slippage, 4 orders: −$68.16
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$86.38
Costs to cover: 0.822%
Break-even: never at this rate

Slippage from MEXC: live order book, 33 min ago; Binance: live order book, 4 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 MEXC live order book, 33 min ago	6.13 bp	12.8 bp −$13	56.5 bp −$565	329.9 bp −$33.0K	730.5 bp −$365.3K
Sell Binance live order book, 4 min ago	6.17 bp	28.0 bp −$28	148.1 bp −$1,481	doesn't fit	doesn't fit

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	0.01618	−0.062%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0047%	4h	0.01619	0.000%	$98K	$23K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01616	−0.204%	$81K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01620	+0.062%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01617	−0.116%	$7K	$21K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01619	−0.016%	$1.9M	$4.2M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01617	−0.148%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01619	0.000%	$363K	$891K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01617	−0.124%	$295K	$428K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01619	long leg	$243K	$105K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01618	−0.062%	$283K	$288K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01619	0.000%	$357K	$273K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01619	−0.030%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01619	−0.009%	$57K	$387K	5x	as long as short