Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.141%

Price spread now: Lighter against BingX−0.172%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.516%+$52 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

Funding pays, the price is against you. Lighter is 0.172% cheaper against BingX than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 22 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.516% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AZTEC-USDT	0.01629	0.0070	pay 0.0035% / 4h	33m 06s	—	$1.6M	—
Short	Lighter AZTEC	0.01626	0.0096	get 0.0012% / 1h	33m 06s	$76K	$97K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now −0.172%Rate

Funding earned: $5.46
Price spread: −0.172% → 0.000%: −$17.19
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.73
Costs to cover: 0.100%
Break-even: 34.9 days

Slippage unknown: BingX: live order book, 13 min ago; Lighter: no order-book sample. 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 BingX live order book, 13 min ago	6.12 bp	27.7 bp −$28	89.7 bp −$897	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 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-USDTlong	+0.0070%	4h	0.01629	long leg	—	$1.6M	—
Lighter AZTECshort	+0.0096%	1h	0.01626	−0.172%	$76K	$97K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01630	+0.068%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01628	−0.092%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01626	−0.184%	$296K	$428K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01629	0.000%	$353K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01630	+0.050%	$65K	$81K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0114%	4h	0.01632	+0.184%	$364K	$883K	20x	as long as short
BloFin AZTEC-USDT	+0.0225%	4h	0.01628	−0.061%	$97K	$28K	25x	as long as short
Aster AZTECUSDT	+0.0246%	4h	0.01626	−0.157%	$7K	$21K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AZTEC_USDT	+0.0254%	4h	0.01628	−0.061%	$219K	$109K	20x	as long as short
Binance AZTECUSDT	+0.0255%	4h	0.01629	−0.028%	$1.9M	$4.1M	25x	as long as short
Extended AZTEC-USD	+0.0256%	1h	0.01628	−0.033%	$57K	$383K	5x	as long as short
KuCoin AZTECUSDTM	+0.0600%	4h	0.01629	0.000%	$286K	$287K	20x	as long as short