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% APRpaid last 24h −0.101%

Price spread now: Gate against MEXC0.000%7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now 0.000%, 7d avg −0.112%

Together, before fees−0.341%−$34 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: Gate is 0.112% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.112%.

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 39m	$243K	$106K	20x
Short	Gate AZTEC_USDT	0.01615	0.0100	get 0.0100% / 8h	2h 39m	$295K	$430K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.112%: $11.22
Slippage, 4 orders: −$81.79
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.57
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from MEXC: live order book, 42 min ago; Gate: live order book, 45 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, 42 min ago	6.13 bp	12.8 bp −$13	56.5 bp −$565	329.9 bp −$33.0K	730.5 bp −$365.3K
Sell Gate live order book, 45 min ago	9.19 bp	35.3 bp −$35	doesn't fit	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	0.01615	0.000%	—	$1.7M	—	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	0.01617	+0.118%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01616	+0.039%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01615	0.000%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01614	−0.087%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01616	+0.062%	$363K	$890K	20x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01615	0.000%	$295K	$430K	25x
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01615	long leg	$243K	$106K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01617	+0.124%	$283K	$288K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01617	+0.124%	$358K	$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	+0.003%	$57K	$387K	5x	as long as short
BloFin AZTEC-USDT	+0.0118%	4h	0.01619	+0.248%	$98K	$23K	25x	as long as short