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 +0.084%

Price spread now: MEXC against Bitget−0.188%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$920.919% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.188%, 7d avg +0.021%

Together, before fees+0.306%+$31 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 0.210% cheaper against Bitget than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AZTECUSDT	0.01594	0.0100	pay 0.0050% / 4h	3h 53m	$365K	$309K	20x
Short	MEXC AZTEC_USDT	0.01591	0.0100	get 0.0050% / 4h	3h 53m	$251K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.188%Rate

Funding earned: $0
Price spread: −0.188% → +0.021%: −$20.96
Slippage, 4 orders: −$75.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$112.88
Costs to cover: 0.919%
Break-even: never at this rate

Slippage from Bitget: live order book, 57 min ago; MEXC: live order book, 46 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 Bitget live order book, 57 min ago	3.14 bp	34.2 bp −$34	237.3 bp −$2,373	doesn't fit	doesn't fit
Sell MEXC live order book, 46 min ago	6.26 bp	15.7 bp −$16	69.6 bp −$696	333.7 bp −$33.4K	913.9 bp −$456.9K

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	0.01592	−0.125%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01592	−0.125%	$56K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01592	−0.132%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01592	−0.131%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01592	−0.109%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01592	−0.125%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01590	−0.251%	$329K	$936K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01591	−0.188%	$297K	$423K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01591	−0.188%	$251K	$115K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01593	−0.063%	$285K	$311K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDTlong	+0.0100%	4h	0.01594	long leg	$365K	$309K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01591	−0.174%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01592	−0.122%	$60K	$449K	5x	as long as short
BloFin AZTEC-USDT	+0.0109%	4h	0.01595	+0.063%	$93K	$33K	25x	as long as short