Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.012%

Price spread now: KuCoin against Lighter+0.222%7-day average −0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,903as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,777as in the Price arb table

costs, in and out, $10k−$1,80918.094% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.940%−$94 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.222%, 7d avg −0.100%

Together, before fees−1.116%+ Points / potential airdropLighter: Season 3 · farm board−$112 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: KuCoin is 0.322% dearer against Lighter than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01622	0.0096	pay 0.0012% / 1h	24m 31s	$82K	$100K	3x
Short	KuCoin AZTECUSDTM	0.01626	0.0100	get 0.0050% / 4h	2h 24m	$285K	$288K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.222%Rate

Funding earned: $0.84
Price spread: +0.222% → −0.100%: $32.18
Slippage, 4 orders: −$1,797.41
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,776.39
Costs to cover: 18.094%
Break-even: 14810.2 days

Slippage from Lighter: live order book, 57 min ago; KuCoin: live order book, 56 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, 57 min ago	19.97 bp	23.6 bp −$24	63.1 bp −$631	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	9.20 bp	410.0 bp −$410	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	0.01626	+0.222%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01622	long leg	$82K	$100K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01626	+0.234%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01624	+0.100%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01625	+0.191%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01625	+0.160%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01629	+0.407%	$366K	$894K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01621	−0.086%	$296K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01625	+0.160%	$244K	$106K	20x	as long as short
KuCoin AZTECUSDTMshort	+0.0100%	4h	0.01626	+0.222%	$285K	$288K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01623	+0.037%	$359K	$276K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01625	+0.188%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01625	+0.182%	$57K	$387K	5x	as long as short
BloFin AZTEC-USDT	+0.0138%	4h	0.01623	+0.037%	$97K	$28K	25x	as long as short