Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: Hyperliquid against Aster+0.071%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.071% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AZTECUSDT	0.01595	0.0100	pay 0.0050% / 4h	1h 47m	$7K	$21K	5x
Short	Hyperliquid AZTEC	0.01596	0.0100	get 0.0013% / 1h	47m 25s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → 0.000%: $7.11
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$9.89
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	2.82 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AZTEC on 13 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	0.01595	+0.027%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01595	+0.040%	$56K	$107K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01596	+0.071%	$1.1M	$1.2M	3x
Aster AZTECUSDTlong	+0.0100%	4h	0.01595	long leg	$7K	$21K	5x
Binance AZTECUSDT	+0.0100%	4h	0.01594	−0.005%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01594	−0.054%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01595	+0.027%	$351K	$852K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01595	+0.027%	$294K	$421K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01595	+0.027%	$228K	$113K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01596	+0.090%	$285K	$291K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01596	+0.090%	$342K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01598	+0.196%	$64K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01594	−0.015%	$56K	$456K	5x	as long as short