Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.019%

Price spread now: MEXC against Extended−0.041%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2432.426% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.041%, 7d avg −0.006%

Together, before fees+0.080%+ Points / potential airdropExtended: Active · farm board+$8 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 0.035% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AZTEC-USD	0.01636	0.0472	pay 0.0059% / 1h	32m 13s	$61K	$546K	5x
Short	MEXC AZTEC_USDT	0.01635	0.0474	get 0.0237% / 4h	3h 32m	$237K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.42
Price spread: −0.041% → −0.006%: −$3.46
Slippage, 4 orders: −$233.61
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$245.65
Costs to cover: 2.426%
Break-even: 4101.2 days

Slippage from Extended: live order book, 40 min ago; MEXC: live order book, 22 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 Extended live order book, 40 min ago	11.70 bp	161.4 bp −$161	755.9 bp −$7,559	doesn't fit	doesn't fit
Sell MEXC live order book, 22 min ago	3.07 bp	10.1 bp −$10	60.9 bp −$609	352.2 bp −$35.2K	954.0 bp −$477.0K

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	+0.0070%	4h	0.01638	+0.143%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01634	−0.108%	$69K	$101K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01638	+0.137%	$1.1M	$1.2M	3x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01638	+0.143%	$349K	$280K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01636	+0.036%	$65K	$80K	—	as long as short
Bybit AZTECUSDT	+0.0212%	4h	0.01636	−0.010%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0282%	4h	0.01638	+0.143%	$365K	$872K	20x	as long as short
BloFin AZTEC-USDT	+0.0465%	4h	0.01635	−0.041%	$97K	$31K	25x	as long as short
Extended AZTEC-USDlong	+0.0472%	1h	0.01636	long leg	$61K	$546K	5x
MEXC AZTEC_USDTshort	+0.0474%	4h	0.01635	−0.041%	$237K	$112K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDT	+0.0475%	4h	0.01636	+0.032%	$2.0M	$4.1M	25x	as long as short
Aster AZTECUSDT	+0.0495%	4h	0.01634	−0.094%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTM	+0.0538%	4h	0.01637	+0.082%	$287K	$285K	20x	as long as short
Gate AZTEC_USDT	+0.0542%	8h	0.01636	+0.021%	$304K	$414K	25x	as long as short