Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h −0.112%

Price spread now: Lighter against Binance−0.006%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1111.112% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.644%+$64 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.644%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AZTECUSDT	0.01632	0.0443	pay 0.0222% / 4h	3h 40m	$2.0M	$4.1M	25x
Short	Lighter AZTEC	0.01632	0.0096	get 0.0012% / 1h	40m 51s	$69K	$101K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$72.88
Price spread: −0.006% → 0.000%: −$0.61
Slippage, 4 orders: −$101.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$184.71
Costs to cover: 1.112%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Lighter: live order book, 23 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, 11 min ago	3.08 bp	30.1 bp −$30	148.3 bp −$1,483	doesn't fit	doesn't fit
Sell Lighter live order book, 23 min ago	16.82 bp	32.8 bp −$33	99.3 bp −$993	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	+0.0070%	4h	0.01633	+0.061%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01632	−0.006%	$69K	$101K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01634	+0.135%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01632	+0.031%	$1.5M	$1.3M	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01633	+0.061%	$349K	$281K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01633	+0.076%	$65K	$80K	—	as long as short
Gate AZTEC_USDT	+0.0208%	8h	0.01632	0.000%	$303K	$413K	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0211%	4h	0.01637	+0.306%	$365K	$872K	20x	as long as short
BloFin AZTEC-USDT	+0.0392%	4h	0.01636	+0.245%	$97K	$31K	25x	as long as short
MEXC AZTEC_USDT	+0.0428%	4h	0.01632	0.000%	$237K	$111K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AZTEC-USD	+0.0440%	1h	0.01632	+0.025%	$58K	$459K	5x	as long as short
Binance AZTECUSDTlong	+0.0443%	4h	0.01632	long leg	$2.0M	$4.1M	25x
Aster AZTECUSDT	+0.0465%	4h	0.01631	−0.053%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTM	+0.0592%	4h	0.01634	+0.123%	$287K	$285K	20x	as long as short