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 +0.001%

Price spread now: Binance against MEXC+0.053%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.053%, 7d avg +0.020%

Together, before fees−0.051%−$5 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: Binance is 0.033% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01592	0.0100	pay 0.0050% / 4h	23m 13s	$253K	$117K	20x
Short	Binance AZTECUSDT	0.01593	0.0100	get 0.0050% / 4h	23m 13s	$1.9M	$4.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.020%: $3.33
Slippage, 4 orders: −$67.38
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.05
Costs to cover: 0.814%
Break-even: never at this rate

Slippage from MEXC: live order book, 16 min ago; Binance: live order book, 14 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 MEXC live order book, 16 min ago	6.26 bp	14.8 bp −$15	63.8 bp −$638	325.3 bp −$32.5K	884.7 bp −$442.4K
Sell Binance live order book, 14 min ago	3.13 bp	26.2 bp −$26	114.3 bp −$1,143	doesn't fit	doesn't fit

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	0.01593	+0.063%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0065%	4h	0.01592	0.000%	$95K	$32K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01593	+0.069%	$56K	$107K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01593	+0.088%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01593	+0.063%	$8K	$22K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01593	+0.053%	$1.9M	$4.3M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01592	0.000%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01593	+0.063%	$293K	$427K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01592	long leg	$253K	$117K	20x
KuCoin AZTECUSDTM	+0.0100%	4h	0.01595	+0.188%	$301K	$307K	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	0.01595	+0.188%	$377K	$300K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01591	−0.081%	$63K	$75K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01593	+0.052%	$56K	$449K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0213%	4h	0.01593	+0.063%	$329K	$927K	20x	as long as short