Funding arb · Price arb /

AZTEC

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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: Gate against Hyperliquid−0.333%7-day average −0.228% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

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

Long on Hyperliquid Short on Gate

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)+0.248%+$25 · spread now −0.333%, 7d avg −0.228%

Together, before fees−0.558%+ 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: Gate is 0.106% cheaper against Hyperliquid than usual: you would sell low and buy high, −$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	Hyperliquid AZTEC	0.01619	0.0100	pay 0.0013% / 1h	24m 56s	$1.1M	$1.2M	3x
Short	Gate AZTEC_USDT	0.01614	0.0100	get 0.0100% / 8h	1h 24m	$295K	$429K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.333%Rate

Funding earned: $0
Price spread: −0.333% → −0.228%: −$10.59
Slippage, 4 orders: −$111.38
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$145.97
Costs to cover: 1.354%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Gate: live order book, 56 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 Gate live order book, 56 min ago	9.23 bp	39.3 bp −$39	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	−0.025%	—	$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_USDTshort	+0.0100%	8h	0.01614	−0.333%	$295K	$429K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01619	−0.025%	$243K	$106K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01618	−0.086%	$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	−0.284%	$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