AZTEC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.088%

Price spread now: Lighter against Hyperliquid−0.123%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1191.194% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.123%, 7d avg −0.025%

Together, before fees+0.242%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.098% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.164%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AZTEC	0.01622	0.0132	pay 0.0016% / 1h	56m 44s	$1.1M	$1.2M	3x
Short	Lighter AZTEC	0.01621	0.0096	get 0.0012% / 1h	56m 44s	$81K	$95K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$7.55
Price spread: −0.123% → −0.025%: −$9.79
Slippage, 4 orders: −$110.42
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$136.76
Costs to cover: 1.194%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Lighter: live order book, 16 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, 4 min ago	2.16 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 16 min ago	17.27 bp	37.8 bp −$38	115.6 bp −$1,156	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	0.01623	+0.031%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01621	−0.123%	$81K	$95K	3x
Aster AZTECUSDT	+0.0100%	4h	0.01619	−0.188%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01624	+0.092%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01622	−0.062%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01623	+0.031%	$363K	$891K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01619	−0.216%	$295K	$428K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01622	−0.031%	$243K	$104K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01623	+0.031%	$359K	$276K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01616	−0.404%	$65K	$81K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AZTEC-USD	+0.0104%	1h	0.01622	−0.015%	$57K	$387K	5x	as long as short
KuCoin AZTECUSDTM	+0.0110%	4h	0.01619	−0.216%	$284K	$287K	20x	as long as short
Hyperliquid AZTEClong	+0.0132%	1h	0.01622	long leg	$1.1M	$1.2M	3x
BloFin AZTEC-USDT	+0.0160%	4h	0.01621	−0.092%	$97K	$31K	25x	as long as short