Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.112%

Price spread now: Binance against Lighter+0.087%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1211.215% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.637%−$64 on $10k

Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.087%, 7d avg −0.051%

Together, before fees−0.947%+ Points / potential airdropLighter: Season 3 · farm board−$95 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.138% dearer against Lighter than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01603	0.0096	pay 0.0012% / 1h	16m 53s	$56K	$107K	3x
Short	Binance AZTECUSDT	0.01605	0.0100	get 0.0050% / 4h	1h 16m	$1.9M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.087%Rate

Funding earned: $0.84
Price spread: +0.087% → −0.051%: $13.79
Slippage, 4 orders: −$111.48
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$106.85
Costs to cover: 1.215%
Break-even: 897.4 days

Slippage from Lighter: live order book, 27 min ago; Binance: live order book, 5 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 Lighter live order book, 27 min ago	24.70 bp	29.1 bp −$29	76.8 bp −$768	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	6.22 bp	30.6 bp −$31	161.9 bp −$1,619	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	0.01605	+0.112%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0090%	4h	0.01603	−0.012%	$95K	$32K	25x	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01603	long leg	$56K	$107K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01604	+0.019%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01602	−0.074%	$7K	$21K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01605	+0.087%	$1.9M	$4.2M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01603	−0.012%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01602	−0.075%	$293K	$426K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01604	+0.050%	$229K	$115K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01604	+0.050%	$303K	$294K	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	0.01603	−0.012%	$343K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01606	+0.187%	$65K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01605	+0.086%	$57K	$456K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0150%	4h	0.01605	+0.112%	$352K	$872K	20x	as long as short