Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Binance against MEXC−0.019%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.019%, 7d avg +0.022%

Together, before fees+0.021%+$2 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: Binance is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01591	0.0100	pay 0.0050% / 4h	1h 54m	$227K	$122K	20x
Short	Binance AZTECUSDT	0.01591	0.0100	get 0.0050% / 4h	1h 54m	$1.9M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.022%: −$4.11
Slippage, 4 orders: −$63.32
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.43
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from MEXC: live order book, 49 min ago; Binance: live order book, 5 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, 49 min ago	3.17 bp	13.1 bp −$13	82.5 bp −$825	352.2 bp −$35.2K	696.8 bp −$348.4K
Sell Binance live order book, 5 min ago	3.15 bp	26.2 bp −$26	139.8 bp −$1,398	doesn't fit	doesn't fit

AZTEC on 14 exchanges

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
Lighter AZTEC	+0.0096%	1h	0.01591	0.000%	$56K	$76K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01590	−0.031%	$1.1M	$1.0M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01587	−0.249%	$9K	$20K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01591	−0.019%	$1.9M	$4.2M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01590	−0.075%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01589	−0.126%	$321K	$884K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01587	−0.251%	$278K	$398K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01591	long leg	$227K	$122K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01592	+0.063%	$288K	$320K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01590	−0.063%	$387K	$342K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AZTEC-USDT	+0.0100%	4h	0.01590	−0.063%	—	$1.6M	—	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01592	+0.069%	$61K	$58K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01589	−0.096%	$57K	$467K	5x	as long as short
BloFin AZTEC-USDT	+0.0133%	4h	0.01593	+0.126%	$91K	$40K	25x	as long as short