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 +0.073%

Price spread now: Hyperliquid against Gate+0.335%7-day average +0.228% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.805%+$81 on $10k

Price spread, last 4 days (all we have)−0.249%−$25 · spread now +0.335%, 7d avg +0.228%

Together, before fees+0.557%+ Points / potential airdropHyperliquid: Season 2 · farm board+$56 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 0.107% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.228%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01614	0.0100	pay 0.0100% / 8h	1h 24m	$295K	$429K	25x
Short	Hyperliquid AZTEC	0.01619	0.0100	get 0.0013% / 1h	24m 53s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.335%Rate

Funding earned: $0
Price spread: +0.335% → +0.228%: $10.71
Slippage, 4 orders: −$111.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$124.68
Costs to cover: 1.354%
Break-even: never at this rate

Slippage from Gate: live order book, 56 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 Gate live order book, 56 min ago	9.23 bp	38.4 bp −$38	9521.0 bp −$95.2K	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	+0.310%	—	$1.7M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01616	+0.112%	$78K	$98K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01619	+0.335%	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01617	+0.175%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01619	+0.310%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01617	+0.186%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01619	+0.310%	$362K	$890K	20x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01614	long leg	$295K	$429K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01619	+0.310%	$243K	$106K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01618	+0.248%	$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	+0.049%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01619	+0.322%	$57K	$384K	5x	as long as short
BloFin AZTEC-USDT	+0.0114%	4h	0.01615	+0.062%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0256%	4h	0.01619	+0.310%	$284K	$287K	20x	as long as short