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 −0.115%

Price spread now: Bitget against MEXC−0.062%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.062%, 7d avg −0.019%

Together, before fees−0.042%−$4 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: Bitget 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 −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01625	0.0100	pay 0.0050% / 4h	1h 55m	$244K	$104K	20x
Short	Bitget AZTECUSDT	0.01624	0.0100	get 0.0050% / 4h	1h 55m	$359K	$276K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.019%: −$4.24
Slippage, 4 orders: −$75.73
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.97
Costs to cover: 0.917%
Break-even: never at this rate

Slippage from MEXC: live order book, 18 min ago; Bitget: live order book, 20 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, 18 min ago	3.08 bp	9.6 bp −$10	81.4 bp −$814	362.1 bp −$36.2K	883.0 bp −$441.5K
Sell Bitget live order book, 20 min ago	9.22 bp	41.9 bp −$42	151.5 bp −$1,515	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	0.01627	+0.123%	—	$1.7M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01623	−0.092%	$81K	$95K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01626	+0.055%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01623	−0.122%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01625	+0.027%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01624	−0.062%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01626	+0.062%	$364K	$893K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01621	−0.246%	$295K	$428K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01625	long leg	$244K	$104K	20x
Bitget AZTECUSDTshort	+0.0100%	4h	0.01624	−0.062%	$359K	$276K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01623	−0.132%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01626	+0.076%	$57K	$387K	5x	as long as short
KuCoin AZTECUSDTM	+0.0122%	4h	0.01624	−0.062%	$285K	$287K	20x	as long as short
BloFin AZTEC-USDT	+0.0143%	4h	0.01627	+0.123%	$97K	$28K	25x	as long as short