Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.104%

Price spread now: KuCoin against MEXC+0.245%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,447as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,394as in the Price arb table

costs, in and out, $10k−$1,41914.194% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.245%, 7d avg −0.010%

Together, before fees−0.326%−$33 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: KuCoin is 0.255% dearer against MEXC than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AZTEC_USDT	0.01635	0.0100	pay 0.0050% / 4h	3h 30m	$246K	$107K	20x
Short	KuCoin AZTECUSDTM	0.01639	0.0100	get 0.0050% / 4h	3h 30m	$290K	$288K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.245%Rate

Funding earned: $0
Price spread: +0.245% → −0.010%: $25.48
Slippage, 4 orders: −$1,403.36
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,393.88
Costs to cover: 14.194%
Break-even: never at this rate

Slippage from MEXC: live order book, 11 min ago; KuCoin: live order book, 10 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, 11 min ago	6.17 bp	15.2 bp −$15	60.9 bp −$609	342.8 bp −$34.3K	864.8 bp −$432.4K
Sell KuCoin live order book, 10 min ago	18.41 bp	406.1 bp −$406	doesn't fit	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	0.01636	+0.061%	—	$1.7M	—	as long as short
BloFin AZTEC-USDT	+0.0065%	4h	0.01634	−0.061%	$98K	$24K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01632	−0.165%	$83K	$129K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01636	+0.080%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01636	+0.076%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01636	+0.061%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01635	−0.006%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01638	+0.183%	$368K	$905K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01636	+0.061%	$301K	$432K	25x	as long as short
MEXC AZTEC_USDTlong	+0.0100%	4h	0.01635	long leg	$246K	$107K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTMshort	+0.0100%	4h	0.01639	+0.245%	$290K	$288K	20x
Bitget AZTECUSDT	+0.0100%	4h	0.01636	+0.061%	$365K	$275K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01626	−0.549%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01636	+0.053%	$58K	$387K	5x	as long as short