Funding you earn now, next payment 00:00 UTC−0.0268%/8h= −29.3% APRnext payment −$1.34 per $10,000 · paid last 24h +0.025%
Price spread now: BingX against MEXC0.000%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$840.839% of the position
Funding, last 7 days+0.145%+$14 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now 0.000%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BingX is 0.035% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.145%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC AZTEC_USDT | 0.01624 | 0.0338 | pay 0.0169% / 4h | 7m 49s | $235K | $114K | 20x |
| Short | BingX AZTEC-USDT | 0.01624 | 0.0070 | get 0.0035% / 4h | 7m 49s | — | $1.6M | — |
MEXC AZTEC_USDT
BingX AZTEC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.28
- Price spread: 0.000% → +0.035%
- −$3.48
- Slippage, 4 orders
- −$69.9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$143.65
- Costs to cover
- 0.839%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 51 min ago; BingX: live order book, 10 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, 51 min ago | 3.07 bp | 8.1 bp −$8 | 64.3 bp −$643 | 359.1 bp −$35.9K | 1014.5 bp −$507.3K |
| Sell BingX live order book, 10 min ago | 6.15 bp | 34.8 bp −$35 | 96.7 bp −$967 | 629.0 bp −$62.9K | 1110.0 bp −$555.0K |
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-USDTshort | +0.0070% | 4h | 0.01624 | 0.000% | — | $1.6M | — | |
| Lighter AZTEC | +0.0096% | 1h | 0.01621 | −0.185% | $73K | $100K | 3x | as long as short |
| Hyperliquid AZTEC | +0.0100% | 1h | 0.01626 | +0.111% | $1.1M | $1.2M | 3x | as long as short |
| Bybit AZTECUSDT | +0.0100% | 4h | 0.01622 | −0.154% | $1.5M | $1.3M | 25x | as long as short |
| Gate AZTEC_USDT | +0.0100% | 8h | 0.01622 | −0.123% | $296K | $429K | 25x | as long as short |
| Bitget AZTECUSDT | +0.0100% | 4h | 0.01625 | +0.062% | $350K | $279K | 20x | as long as short |
| Variational Omni AZTEC | +0.0100% | 4h | 0.01622 | −0.138% | $65K | $80K | — | as long as short |
| OKX AZTEC-USDT-SWAP | +0.0130% | 4h | 0.01626 | +0.123% | $362K | $877K | 20x | as long as short |
| BloFin AZTEC-USDT | +0.0324% | 4h | 0.01624 | 0.000% | $96K | $30K | 25x | as long as short |
| Aster AZTECUSDT | +0.0335% | 4h | 0.01623 | −0.073% | $7K | $21K | 5x | as long as short |
Lighter AZTEC
Hyperliquid AZTEC
Bybit AZTECUSDT
Gate AZTEC_USDT
Bitget AZTECUSDT
Variational Omni AZTEC
OKX AZTEC-USDT-SWAP
BloFin AZTEC-USDT
Aster AZTECUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended AZTEC-USD | +0.0336% | 1h | 0.01624 | +0.011% | $57K | $383K | 5x | as long as short |
| MEXC AZTEC_USDTlong | +0.0338% | 4h | 0.01624 | long leg | $235K | $114K | 20x | |
| Binance AZTECUSDT | +0.0342% | 4h | 0.01624 | 0.000% | $1.9M | $4.1M | 25x | as long as short |
| KuCoin AZTECUSDTM | +0.0582% | 4h | 0.01625 | +0.062% | $285K | $286K | 20x | as long as short |
Extended AZTEC-USD
Binance AZTECUSDT
KuCoin AZTECUSDTM