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 +0.014%

Price spread now: Gate against Lighter+0.006%7-day average −0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1401.400% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.961%−$96 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.006%, 7d avg −0.181%

Together, before fees−1.183%+ Points / potential airdropLighter: Season 3 · farm board−$118 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: Gate is 0.187% dearer against Lighter than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01602	0.0096	pay 0.0012% / 1h	18m 03s	$56K	$107K	3x
Short	Gate AZTEC_USDT	0.01602	0.0100	get 0.0100% / 8h	5h 18m	$293K	$426K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.006%Rate

Funding earned: $0.84
Price spread: +0.006% → −0.181%: $18.74
Slippage, 4 orders: −$125.03
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$120.45
Costs to cover: 1.400%
Break-even: 1010.7 days

Slippage from Lighter: live order book, 26 min ago; Gate: live order book, 43 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, 26 min ago	24.70 bp	29.1 bp −$29	76.8 bp −$768	doesn't fit	doesn't fit
Sell Gate live order book, 43 min ago	3.13 bp	31.8 bp −$32	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	+0.0036%	4h	0.01602	+0.006%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0059%	4h	0.01606	+0.256%	$95K	$32K	25x	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01602	long leg	$56K	$107K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01602	−0.006%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01602	+0.002%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01602	−0.018%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01602	−0.025%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01602	+0.006%	$293K	$426K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01601	−0.056%	$229K	$115K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01604	+0.131%	$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	0.01602	+0.006%	$343K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01606	+0.269%	$65K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01602	−0.019%	$57K	$456K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0140%	4h	0.01602	+0.006%	$351K	$870K	20x	as long as short