Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.111%

Price spread now: MEXC against Lighter−0.013%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$910.914% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.638%−$64 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.013%, 7d avg −0.071%

Together, before fees−0.776%+ Points / potential airdropLighter: Season 3 · farm board−$78 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 0.059% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01599	0.0096	pay 0.0012% / 1h	6m 03s	$56K	$107K	3x
Short	MEXC AZTEC_USDT	0.01599	0.0100	get 0.0050% / 4h	1h 06m	$228K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter. 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 LighterbpFee MEXCbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0.84
Price spread: −0.013% → −0.071%: $5.89
Slippage, 4 orders: −$87.36
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$84.64
Costs to cover: 0.914%
Break-even: 712.3 days

Slippage from Lighter: live order book, 38 min ago; MEXC: live order book, 38 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 Lighter live order book, 38 min ago	24.70 bp	29.1 bp −$29	76.8 bp −$768	doesn't fit	doesn't fit
Sell MEXC live order book, 38 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	0.01598	−0.075%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0094%	4h	0.01603	+0.238%	$95K	$32K	25x	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01599	long leg	$56K	$107K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01599	+0.006%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01598	−0.098%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01599	−0.013%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01597	−0.138%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01598	−0.075%	$292K	$426K	25x	as long as short
MEXC AZTEC_USDTshort	+0.0100%	4h	0.01599	−0.013%	$228K	$115K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01601	+0.113%	$302K	$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	0.01598	−0.075%	$342K	$276K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01597	−0.157%	$64K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01599	−0.039%	$56K	$453K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0169%	4h	0.01600	+0.050%	$347K	$862K	20x	as long as short