Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.061%

Price spread now: Lighter against MEXC+0.038%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.609%+$61 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.038% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01571	0.0100	pay 0.0050% / 4h	3h 42m	$222K	$121K	20x
Short	Lighter AZTEC	0.01572	0.0096	get 0.0012% / 1h	42m 19s	$55K	$93K	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 +0.038%Rate

Funding earned: −$0.84
Price spread: +0.038% → 0.000%: $3.82
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.02
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 37 min ago; Lighter: no order-book sample. Net counts fees only.

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, 37 min ago	3.18 bp	11.8 bp −$12	51.8 bp −$518	334.5 bp −$33.5K	876.2 bp −$438.1K
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01571	0.000%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01572	+0.038%	$55K	$93K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01572	+0.095%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01571	+0.005%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01572	+0.064%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01571	−0.013%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01573	+0.127%	$322K	$863K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01568	−0.191%	$278K	$418K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01571	long leg	$222K	$121K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01573	+0.127%	$286K	$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	0.01571	0.000%	$365K	$344K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01573	+0.111%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01571	+0.022%	$55K	$474K	5x	as long as short
BloFin AZTEC-USDT	+0.0127%	4h	0.01571	0.000%	$90K	$37K	25x	as long as short