Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.085%

Price spread now: MEXC against Lighter−0.025%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$960.955% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.614%−$61 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now −0.025%, 7d avg −0.069%

Together, before fees−0.764%+ Points / potential airdropLighter: Season 3 · farm board−$76 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 0.043% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01576	0.0096	pay 0.0012% / 1h	52m 22s	$55K	$98K	3x
Short	MEXC AZTEC_USDT	0.01576	0.0100	get 0.0050% / 4h	52m 22s	$222K	$120K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter. 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 LighterbpFee MEXCbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0.84
Price spread: −0.025% → −0.069%: $4.35
Slippage, 4 orders: −$91.52
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$90.33
Costs to cover: 0.955%
Break-even: 759.7 days

Slippage from Lighter: live order book, 23 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 Lighter live order book, 23 min ago	22.78 bp	29.0 bp −$29	82.1 bp −$821	doesn't fit	doesn't fit
Sell MEXC live order book, 32 min ago	6.32 bp	14.6 bp −$15	64.6 bp −$646	347.3 bp −$34.7K	788.1 bp −$394.1K

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	0.01575	−0.089%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01576	long leg	$55K	$98K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01576	−0.038%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01578	+0.105%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01576	−0.022%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01576	−0.025%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01574	−0.152%	$321K	$878K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01576	−0.025%	$285K	$413K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01576	−0.025%	$222K	$120K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01578	+0.101%	$282K	$316K	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	0.01577	+0.038%	$369K	$340K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01574	−0.171%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01575	−0.083%	$56K	$477K	5x	as long as short
BloFin AZTEC-USDT	+0.0129%	4h	0.01578	+0.101%	$91K	$36K	25x	as long as short