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: Hyperliquid against KuCoin+0.104%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,399as in the Price arb table

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

Long on KuCoin Short on Hyperliquid

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)−0.009%−$1 · spread now +0.104%, 7d avg +0.122%

Together, before fees+0.767%+ Points / potential airdropHyperliquid: Season 2 · farm board+$77 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.122%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.775%, 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	KuCoin AZTECUSDTM	0.01629	0.0600	pay 0.0300% / 4h	33m 27s	$286K	$287K	20x
Short	Hyperliquid AZTEC	0.01631	0.0100	get 0.0013% / 1h	33m 27s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$105
Price spread: +0.104% → +0.122%: −$1.8
Slippage, 4 orders: −$1,376.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1,504.12
Costs to cover: 13.973%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; Hyperliquid: live order book, 7 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 KuCoin live order book, 27 min ago	6.14 bp	952.2 bp −$952	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	2.15 bp	29.2 bp −$29	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	0.000%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01626	−0.172%	$76K	$97K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01631	+0.104%	$1.1M	$1.2M	3x
Bybit AZTECUSDT	+0.0100%	4h	0.01627	−0.098%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01626	−0.184%	$296K	$428K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01629	0.000%	$353K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01630	+0.050%	$65K	$81K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0109%	4h	0.01632	+0.184%	$364K	$883K	20x	as long as short
Aster AZTECUSDT	+0.0246%	4h	0.01626	−0.171%	$7K	$21K	5x	as long as short
MEXC AZTEC_USDT	+0.0254%	4h	0.01628	−0.061%	$219K	$109K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDT	+0.0255%	4h	0.01629	−0.002%	$1.9M	$4.1M	25x	as long as short
Extended AZTEC-USD	+0.0256%	1h	0.01629	+0.013%	$57K	$383K	5x	as long as short
BloFin AZTEC-USDT	+0.0297%	4h	0.01629	0.000%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTMlong	+0.0600%	4h	0.01629	long leg	$286K	$287K	20x