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 −0.087%

Price spread now: Bitget against Hyperliquid−0.086%7-day average −0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs−$200as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1241.240% of the position

Long on Hyperliquid Short on Bitget

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)+0.193%+$19 · spread now −0.086%, 7d avg −0.133%

Together, before fees−0.571%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 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: Bitget is 0.047% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.133%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AZTEC	0.01619	0.0100	pay 0.0013% / 1h	24m 55s	$1.1M	$1.2M	3x
Short	Bitget AZTECUSDT	0.01618	0.0100	get 0.0050% / 4h	1h 24m	$352K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.133%: $4.7
Slippage, 4 orders: −$102.97
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.27
Costs to cover: 1.240%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Bitget: live order book, 50 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, 5 min ago	0.93 bp	21.1 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 50 min ago	9.22 bp	41.9 bp −$42	151.5 bp −$1,515	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	−0.025%	—	$1.7M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01616	−0.222%	$78K	$98K	3x	as long as short
Hyperliquid AZTEClong	+0.0100%	1h	0.01619	long leg	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01617	−0.159%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01619	−0.025%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01617	−0.148%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01619	−0.025%	$362K	$890K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01614	−0.333%	$295K	$429K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01619	−0.025%	$243K	$106K	20x	as long as short
Bitget AZTECUSDTshort	+0.0100%	4h	0.01618	−0.086%	$352K	$280K	20x

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	−0.284%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01619	−0.012%	$57K	$384K	5x	as long as short
BloFin AZTEC-USDT	+0.0114%	4h	0.01615	−0.272%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0256%	4h	0.01619	−0.025%	$284K	$287K	20x	as long as short