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 −0.074%

Price spread now: Bybit against MEXC−0.087%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1221.224% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.087%, 7d avg −0.026%

Together, before fees−0.021%−$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: Bybit is 0.061% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01615	0.0100	pay 0.0050% / 4h	2h 38m	$243K	$106K	20x
Short	Bybit AZTECUSDT	0.01614	0.0100	get 0.0050% / 4h	2h 38m	$1.5M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.026%: −$6.06
Slippage, 4 orders: −$107.39
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$128.45
Costs to cover: 1.224%
Break-even: never at this rate

Slippage from MEXC: live order book, 43 min ago; Bybit: live order book, 3 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, 43 min ago	6.13 bp	12.8 bp −$13	56.5 bp −$565	329.9 bp −$33.0K	730.5 bp −$365.3K
Sell Bybit live order book, 3 min ago	6.19 bp	42.6 bp −$43	257.3 bp −$2,573	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	0.01616	+0.062%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0082%	4h	0.01611	−0.248%	$97K	$28K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01612	−0.211%	$81K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01615	+0.031%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01615	−0.021%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01614	−0.048%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDTshort	+0.0100%	4h	0.01614	−0.087%	$1.5M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01617	+0.124%	$363K	$890K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01615	0.000%	$295K	$430K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01615	long leg	$243K	$106K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01617	+0.124%	$283K	$288K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01616	+0.062%	$357K	$277K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01616	+0.031%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01615	+0.020%	$57K	$387K	5x	as long as short