Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.070%

Price spread now: MEXC against Bybit+0.087%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1171.171% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.087%, 7d avg +0.033%

Together, before fees+0.134%+$13 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 0.055% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AZTECUSDT	0.01603	0.0100	pay 0.0050% / 4h	1h 09m	$1.5M	$1.3M	25x
Short	MEXC AZTEC_USDT	0.01604	0.0100	get 0.0050% / 4h	1h 09m	$229K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.033%: $5.46
Slippage, 4 orders: −$102.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$111.64
Costs to cover: 1.171%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.11 bp	38.5 bp −$38	329.2 bp −$3,292	doesn't fit	doesn't fit
Sell MEXC live order book, 35 min ago	3.13 bp	14.3 bp −$14	77.0 bp −$770	334.4 bp −$33.4K	712.7 bp −$356.3K

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	0.01604	+0.087%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0054%	4h	0.01607	+0.275%	$96K	$32K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01603	+0.050%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01604	+0.094%	$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	0.01603	+0.031%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDTlong	+0.0100%	4h	0.01603	long leg	$1.5M	$1.3M	25x
Gate AZTEC_USDT	+0.0100%	8h	0.01602	−0.037%	$293K	$426K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01604	+0.087%	$229K	$115K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01604	+0.087%	$303K	$294K	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	0.01603	+0.025%	$343K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01603	+0.005%	$65K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01603	+0.046%	$57K	$453K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0178%	4h	0.01606	+0.212%	$352K	$869K	20x	as long as short