Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.087%

Price spread now: Hyperliquid against Bitget+0.316%7-day average +0.132% · you sell dearer than you buy

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

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.764%+$76 on $10k

Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.316%, 7d avg +0.132%

Together, before fees+0.477%+ Points / potential airdropHyperliquid: Season 2 · farm board+$48 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 0.184% dearer against Bitget than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AZTECUSDT	0.01612	0.0100	pay 0.0050% / 4h	2h 53m	$340K	$283K	20x
Short	Hyperliquid AZTEC	0.01617	0.0100	get 0.0013% / 1h	53m 00s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.316%Rate

Funding earned: $0
Price spread: +0.316% → +0.132%: $18.4
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$2.6
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 7 min ago; Hyperliquid: live order book, 7 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 Bitget live order book, 7 min ago	6.17 bp	31.5 bp −$32	410.5 bp −$4,105	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	3.09 bp	doesn't fit	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	+0.0070%	4h	0.01617	+0.310%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01613	+0.081%	$63K	$101K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01617	+0.316%	$1.1M	$1.2M	3x
Bybit AZTECUSDT	+0.0100%	4h	0.01614	+0.136%	$1.5M	$1.3M	25x	as long as short
Bitget AZTECUSDTlong	+0.0100%	4h	0.01612	long leg	$340K	$283K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01606	−0.388%	$64K	$84K	—	as long as short
Gate AZTEC_USDT	+0.0267%	8h	0.01611	−0.062%	$301K	$419K	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0392%	4h	0.01619	+0.434%	$361K	$868K	20x	as long as short
Binance AZTECUSDT	+0.0407%	4h	0.01615	+0.202%	$1.9M	$4.2M	25x	as long as short
Extended AZTEC-USD	+0.0408%	1h	0.01615	+0.177%	$58K	$452K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin AZTEC-USDT	+0.0412%	4h	0.01616	+0.248%	$97K	$31K	25x	as long as short
MEXC AZTEC_USDT	+0.0416%	4h	0.01614	+0.124%	$234K	$112K	20x	as long as short
Aster AZTECUSDT	+0.0426%	4h	0.01612	−0.025%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTM	+0.0434%	4h	0.01613	+0.062%	$283K	$291K	20x	as long as short