Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.027%

Price spread now: Binance against Hyperliquid−0.049%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1101.098% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.499%−$50 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.049%, 7d avg −0.070%

Together, before fees−0.518%+ Points / potential airdropHyperliquid: Season 2 · farm board−$52 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: Binance is 0.021% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AZTEC	0.01626	0.0100	pay 0.0013% / 1h	18m 21s	$1.1M	$1.2M	3x
Short	Binance AZTECUSDT	0.01625	0.0100	get 0.0050% / 4h	2h 18m	$1.9M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.070%: $2.06
Slippage, 4 orders: −$90.78
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.72
Costs to cover: 1.098%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; Binance: live order book, 4 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 Hyperliquid live order book, 2 min ago	3.99 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	3.07 bp	32.0 bp −$32	132.1 bp −$1,321	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	0.01626	−0.018%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0089%	4h	0.01627	+0.043%	$97K	$28K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01623	−0.215%	$81K	$101K	3x	as long as short
Hyperliquid AZTEClong	+0.0100%	1h	0.01626	long leg	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01624	−0.158%	$7K	$21K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01625	−0.049%	$1.9M	$4.1M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01624	−0.129%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01628	+0.105%	$365K	$893K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01622	−0.264%	$296K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01625	−0.080%	$244K	$107K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01626	−0.018%	$285K	$288K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01624	−0.141%	$359K	$276K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01624	−0.147%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01625	−0.060%	$57K	$387K	5x	as long as short