Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.117%

Price spread now: Lighter against BloFin−0.025%90s7-day average +0.053% · you buy dearer than you sell

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

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.645%+$65 on $10k

Price spread, last 3 days (all we have)+0.262%+$26 · spread now −0.025%, 7d avg +0.053%

Together, before fees+0.908%+ Points / potential airdropLighter: Season 3 · farm board+$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.077% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.645%, so the current rate has only just turned against you. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AZTEC-USDT	0.01616	0.0137	pay 0.0068% / 4h	2h 33m	$97K	$28K	25x
Short	Lighter AZTEC	0.01616	0.0096	get 0.0012% / 1h	33m 31s	$81K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$8.6
Price spread: −0.025% → +0.053%: −$7.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$28.33
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Lighter: live order book, 48 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 BloFin no order-book sample	—	—	—	—	—
Sell Lighter live order book, 48 min ago	19.97 bp	42.5 bp −$43	108.8 bp −$1,088	doesn't fit	doesn't fit

BloFin: 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-USDT	+0.0036%	4h	0.01618	+0.124%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01616	−0.025%	$81K	$100K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01619	+0.198%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01617	+0.033%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01618	+0.095%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01617	+0.080%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01621	+0.309%	$364K	$893K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01616	0.000%	$295K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01617	+0.062%	$243K	$106K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01617	+0.062%	$284K	$288K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01617	+0.062%	$358K	$277K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01614	−0.096%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01617	+0.081%	$57K	$387K	5x	as long as short
BloFin AZTEC-USDTlong	+0.0137%	4h	0.01616	long leg	$97K	$28K	25x