Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0500%/8h= +54.7% APRpaid last 24h −0.076%

Price spread now: KuCoin against Hyperliquid−0.067%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,475as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,392as in the Price arb table

costs, in and out, $10k−$1,39713.973% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.775%−$78 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.067%, 7d avg −0.122%

Together, before fees−0.803%+ Points / potential airdropHyperliquid: Season 2 · farm board−$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and KuCoin is 0.055% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.122%. Mind the row above: over the last 7 days funding on this pair cost −0.775%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AZTEC	0.01630	0.0100	pay 0.0013% / 1h	33m 04s	$1.1M	$1.2M	3x
Short	KuCoin AZTECUSDTM	0.01629	0.0600	get 0.0300% / 4h	33m 04s	$286K	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.067%Rate

Funding earned: $105
Price spread: −0.067% → −0.122%: $5.49
Slippage, 4 orders: −$1,376.32
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,286.83
Costs to cover: 13.973%
Break-even: 92.8 days

Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 28 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, 7 min ago	2.15 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 28 min ago	6.14 bp	395.2 bp −$395	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	+0.0070%	4h	0.01629	−0.067%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01626	−0.239%	$76K	$97K	3x	as long as short
Hyperliquid AZTEClong	+0.0100%	1h	0.01630	long leg	$1.1M	$1.2M	3x
Bybit AZTECUSDT	+0.0100%	4h	0.01628	−0.159%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01626	−0.252%	$296K	$428K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01629	−0.067%	$353K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01630	−0.018%	$65K	$81K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0114%	4h	0.01632	+0.117%	$364K	$883K	20x	as long as short
BloFin AZTEC-USDT	+0.0225%	4h	0.01628	−0.129%	$97K	$28K	25x	as long as short
Aster AZTECUSDT	+0.0246%	4h	0.01626	−0.224%	$7K	$21K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AZTEC_USDT	+0.0254%	4h	0.01628	−0.129%	$219K	$109K	20x	as long as short
Binance AZTECUSDT	+0.0255%	4h	0.01629	−0.096%	$1.9M	$4.1M	25x	as long as short
Extended AZTEC-USD	+0.0256%	1h	0.01628	−0.100%	$57K	$383K	5x	as long as short
KuCoin AZTECUSDTMshort	+0.0600%	4h	0.01629	−0.067%	$286K	$287K	20x