Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.110%

Price spread now: Aster against Lighter+0.095%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.095% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01621	0.0096	pay 0.0012% / 1h	52m 00s	$81K	$95K	3x
Short	Aster AZTECUSDT	0.01622	0.0100	get 0.0050% / 4h	1h 52m	$7K	$21K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0.84
Price spread: +0.095% → 0.000%: $9.47
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.31
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter: live order book, 21 min ago; Aster: no order-book sample. 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 Lighter live order book, 21 min ago	17.27 bp	21.0 bp −$21	62.2 bp −$622	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01624	+0.204%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0041%	4h	0.01627	+0.389%	$97K	$28K	25x	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01621	long leg	$81K	$95K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01625	+0.253%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDTshort	+0.0100%	4h	0.01622	+0.095%	$7K	$21K	5x
Binance AZTECUSDT	+0.0100%	4h	0.01623	+0.160%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01622	+0.086%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01624	+0.204%	$363K	$892K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01620	−0.043%	$295K	$428K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01623	+0.142%	$243K	$104K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01625	+0.265%	$359K	$277K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01623	+0.133%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01623	+0.157%	$57K	$387K	5x	as long as short
KuCoin AZTECUSDTM	+0.0160%	4h	0.01625	+0.265%	$285K	$288K	20x	as long as short