Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%

Price spread now: Hyperliquid against MEXC+0.031%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$760.762% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.498%+$50 on $10k

Price spread, last 4 days (all we have)+0.255%+$25 · spread now +0.031%, 7d avg +0.116%

Together, before fees+0.752%+ Points / potential airdropHyperliquid: Season 2 · farm board+$75 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: Hyperliquid is 0.085% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01618	0.0100	pay 0.0050% / 4h	2h 40m	$243K	$106K	20x
Short	Hyperliquid AZTEC	0.01619	0.0100	get 0.0013% / 1h	40m 42s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.116%: −$8.52
Slippage, 4 orders: −$63.2
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$84.72
Costs to cover: 0.762%
Break-even: never at this rate

Slippage from MEXC: live order book, 40 min ago; Hyperliquid: 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, 40 min ago	6.13 bp	12.8 bp −$13	56.5 bp −$565	329.9 bp −$33.0K	730.5 bp −$365.3K
Sell Hyperliquid live order book, 10 min ago	2.47 bp	32.6 bp −$33	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	0.01618	0.000%	—	$1.7M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01615	−0.155%	$81K	$100K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01619	+0.031%	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01617	−0.060%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01617	−0.062%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01616	−0.124%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01619	+0.062%	$363K	$891K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01616	−0.124%	$295K	$428K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01618	long leg	$243K	$106K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01618	0.000%	$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	−0.062%	$358K	$277K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01616	−0.123%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01618	−0.007%	$57K	$387K	5x	as long as short
BloFin AZTEC-USDT	+0.0118%	4h	0.01619	+0.062%	$98K	$23K	25x	as long as short