Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.037%

Price spread now: MEXC against OKX0.000%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

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

costs, in and out, $10k−$880.878% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now 0.000%, 7d avg −0.070%

Together, before fees−0.159%−$16 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 0.070% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AZTEC-USDT-SWAP	0.01580	0.0100	pay 0.0050% / 4h	1h 54m	$324K	$892K	20x
Short	MEXC AZTEC_USDT	0.01580	0.0100	get 0.0050% / 4h	1h 54m	$223K	$120K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.070%: $7.03
Slippage, 4 orders: −$73.78
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$80.75
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from OKX: live order book, 52 min ago; MEXC: live order book, 35 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 OKX live order book, 52 min ago	6.33 bp	27.7 bp −$28	778.4 bp −$7,784	doesn't fit	doesn't fit
Sell MEXC live order book, 35 min ago	3.18 bp	14.1 bp −$14	80.4 bp −$804	362.3 bp −$36.2K	820.7 bp −$410.3K

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	0.000%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0094%	4h	0.01583	+0.190%	$91K	$36K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01581	+0.076%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01581	+0.038%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01580	+0.030%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01580	+0.005%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01579	−0.095%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAPlong	+0.0100%	4h	0.01580	long leg	$324K	$892K	20x
Gate AZTEC_USDT	+0.0100%	8h	0.01581	+0.063%	$293K	$413K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01580	0.000%	$223K	$120K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01582	+0.127%	$281K	$315K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01581	+0.063%	$373K	$329K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01580	−0.017%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01580	+0.005%	$56K	$452K	5x	as long as short