Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: Hyperliquid against Binance+0.117%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.499%+$50 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.117%, 7d avg +0.070%

Together, before fees+0.463%+ Points / potential airdropHyperliquid: Season 2 · farm board+$46 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: Hyperliquid is 0.047% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AZTECUSDT	0.01619	0.0100	pay 0.0050% / 4h	1h 24m	$1.9M	$4.1M	25x
Short	Hyperliquid AZTEC	0.01621	0.0100	get 0.0013% / 1h	24m 34s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.070%: $4.71
Slippage, 4 orders: −$93.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$108.04
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Hyperliquid: live order book, 6 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 Binance live order book, 12 min ago	6.16 bp	28.3 bp −$28	156.6 bp −$1,566	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.93 bp	36.6 bp −$37	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	0.01619	0.000%	—	$1.7M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01617	−0.124%	$78K	$98K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01621	+0.117%	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01617	−0.112%	$7K	$21K	5x	as long as short
Binance AZTECUSDTlong	+0.0100%	4h	0.01619	long leg	$1.9M	$4.1M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01618	−0.037%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01621	+0.124%	$362K	$891K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01616	−0.185%	$295K	$429K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01618	−0.062%	$243K	$106K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01618	−0.062%	$352K	$280K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01615	−0.260%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01619	+0.027%	$57K	$384K	5x	as long as short
BloFin AZTEC-USDT	+0.0114%	4h	0.01615	−0.247%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0250%	4h	0.01619	0.000%	$284K	$287K	20x	as long as short