Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.072%

Price spread now: OKX against Hyperliquid+0.251%7-day average −0.034% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.388%−$39 on $10k

Price spread, last 7 days−0.304%−$30 · spread now +0.251%, 7d avg −0.034%

Together, before fees−0.691%+ Points / potential airdropHyperliquid: Season 2 · farm board−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.285% dearer against Hyperliquid than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.388%, 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	0.01633	0.0100	pay 0.0013% / 1h	43m 55s	$1.1M	$1.2M	3x
Short	OKX AZTEC-USDT-SWAP	0.01637	0.0166	get 0.0083% / 4h	3h 43m	$365K	$876K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.251%Rate

Funding earned: $13.76
Price spread: +0.251% → −0.034%: $28.5
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $23.26
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 6 min ago; OKX: live order book, 27 min ago. Net counts fees only.

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, 6 min ago	2.16 bp	26.2 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 27 min ago	3.08 bp	41.1 bp −$41	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	0.01636	+0.190%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01631	−0.147%	$69K	$101K	3x	as long as short
Hyperliquid AZTEClong	+0.0100%	1h	0.01633	long leg	$1.1M	$1.2M	3x
Bybit AZTECUSDT	+0.0100%	4h	0.01633	+0.006%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01632	−0.055%	$303K	$413K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01632	−0.055%	$348K	$281K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01633	−0.009%	$65K	$80K	—	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0166%	4h	0.01637	+0.251%	$365K	$876K	20x
BloFin AZTEC-USDT	+0.0424%	4h	0.01631	−0.116%	$96K	$31K	25x	as long as short
Extended AZTEC-USD	+0.0424%	1h	0.01636	+0.169%	$61K	$435K	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	+0.0424%	4h	0.01634	+0.067%	$237K	$111K	20x	as long as short
Binance AZTECUSDT	+0.0427%	4h	0.01634	+0.068%	$2.0M	$4.2M	25x	as long as short
Aster AZTECUSDT	+0.0440%	4h	0.01632	−0.075%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTM	+0.0604%	4h	0.01634	+0.067%	$287K	$286K	20x	as long as short