Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: MEXC against Hyperliquid+0.013%7-day average −0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.478%−$48 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.013%, 7d avg −0.108%

Together, before fees−0.534%+ Points / potential airdropHyperliquid: Season 2 · farm board−$53 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: MEXC is 0.121% dearer against Hyperliquid than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AZTEC	0.01581	0.0100	pay 0.0013% / 1h	2m 20s	$1.1M	$1.2M	3x
Short	MEXC AZTEC_USDT	0.01581	0.0100	get 0.0050% / 4h	3h 02m	$237K	$120K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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 HyperliquidbpFee MEXCbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.108%: $12.05
Slippage, 4 orders: −$61.93
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$62.88
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; MEXC: live order book, 32 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 Hyperliquid live order book, 8 min ago	1.58 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 32 min ago	3.15 bp	13.6 bp −$14	57.8 bp −$578	328.7 bp −$32.9K	821.2 bp −$410.6K

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	0.01580	−0.051%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01581	+0.019%	$56K	$100K	3x	as long as short
Hyperliquid AZTEClong	+0.0100%	1h	0.01581	long leg	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01583	+0.131%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01580	−0.026%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01581	−0.006%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01581	+0.013%	$325K	$935K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01582	+0.076%	$294K	$427K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01581	+0.013%	$237K	$120K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01584	+0.202%	$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	0.01582	+0.076%	$383K	$332K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01587	+0.406%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01580	−0.045%	$56K	$449K	5x	as long as short
BloFin AZTEC-USDT	+0.0154%	4h	0.01582	+0.076%	$92K	$33K	25x	as long as short