Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.085%

Price spread now: Lighter against MEXC+0.006%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.629%+$63 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.006%, 7d avg +0.070%

Together, before fees+0.646%+ Points / potential airdropLighter: Season 3 · farm board+$65 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: Lighter is 0.064% 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 +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01586	0.0100	pay 0.0050% / 4h	3h 08m	$238K	$119K	20x
Short	Lighter AZTEC	0.01586	0.0096	get 0.0012% / 1h	8m 05s	$56K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$0.84
Price spread: +0.006% → +0.070%: −$6.38
Slippage, 4 orders: −$88.03
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$99.25
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from MEXC: live order book, 26 min ago; Lighter: live order book, 26 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, 26 min ago	3.15 bp	14.0 bp −$14	55.9 bp −$559	336.7 bp −$33.7K	788.6 bp −$394.3K
Sell Lighter live order book, 26 min ago	19.53 bp	22.0 bp −$22	95.5 bp −$955	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	0.01587	+0.063%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01586	+0.006%	$56K	$100K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01587	+0.057%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01586	−0.029%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01585	−0.043%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01583	−0.170%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01584	−0.126%	$325K	$937K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01584	−0.126%	$294K	$427K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01586	long leg	$238K	$119K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01586	0.000%	$286K	$315K	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	0.01587	+0.063%	$369K	$324K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01586	−0.018%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01586	+0.005%	$56K	$449K	5x	as long as short
BloFin AZTEC-USDT	+0.0114%	4h	0.01585	−0.063%	$92K	$33K	25x	as long as short