Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.096%

Price spread now: Gate against MEXC−0.062%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1011.011% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.323%−$32 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.062%, 7d avg −0.110%

Together, before fees−0.326%−$33 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: Gate is 0.048% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01603	0.0100	pay 0.0050% / 4h	1h 11m	$229K	$115K	20x
Short	Gate AZTEC_USDT	0.01602	0.0100	get 0.0100% / 8h	5h 11m	$293K	$426K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.110%: $4.75
Slippage, 4 orders: −$82.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.34
Costs to cover: 1.011%
Break-even: never at this rate

Slippage from MEXC: live order book, 33 min ago; Gate: live order book, 49 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, 33 min ago	3.13 bp	11.9 bp −$12	75.2 bp −$752	327.6 bp −$32.8K	673.9 bp −$337.0K
Sell Gate live order book, 49 min ago	3.13 bp	31.8 bp −$32	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	0.01603	0.000%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01604	+0.056%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01604	+0.037%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01603	−0.007%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01604	+0.049%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01602	−0.094%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01602	−0.062%	$293K	$426K	25x
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01603	long leg	$229K	$115K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01604	+0.062%	$303K	$294K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01603	0.000%	$343K	$279K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01606	+0.168%	$65K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01603	+0.006%	$57K	$453K	5x	as long as short
BloFin AZTEC-USDT	+0.0125%	4h	0.01602	−0.062%	$96K	$32K	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0166%	4h	0.01604	+0.062%	$351K	$869K	20x	as long as short