Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.014%

Price spread now: Lighter against Gate+0.125%7-day average +0.179% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1371.373% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.957%+$96 on $10k

Price spread, last 4 days (all we have)+0.145%+$14 · spread now +0.125%, 7d avg +0.179%

Together, before fees+1.102%+ Points / potential airdropLighter: Season 3 · farm board+$110 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: Lighter is 0.054% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01601	0.0100	pay 0.0100% / 8h	4h 31m	$293K	$425K	25x
Short	Lighter AZTEC	0.01603	0.0096	get 0.0012% / 1h	31m 07s	$56K	$107K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$0.84
Price spread: +0.125% → +0.179%: −$5.41
Slippage, 4 orders: −$122.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$143.52
Costs to cover: 1.373%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; Lighter: live order book, 8 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, 24 min ago	6.25 bp	41.6 bp −$42	9629.8 bp −$96.3K	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	20.05 bp	25.0 bp −$25	76.2 bp −$762	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	0.01605	+0.250%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0077%	4h	0.01606	+0.312%	$95K	$32K	25x	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01603	+0.125%	$56K	$107K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01605	+0.262%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01599	−0.125%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01604	+0.187%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01603	+0.119%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01601	long leg	$293K	$425K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01604	+0.187%	$254K	$117K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01603	+0.125%	$303K	$300K	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	0.01602	+0.062%	$342K	$277K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01604	+0.170%	$65K	$79K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01604	+0.193%	$56K	$449K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0166%	4h	0.01607	+0.375%	$352K	$869K	20x	as long as short