Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.161%

Price spread now: OKX against Lighter+0.249%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

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

costs, in and out, $10k−$1331.326% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.550%−$55 on $10k

Price spread, last 4 days (all we have)−0.376%−$38 · spread now +0.249%, 7d avg +0.001%

Together, before fees−0.926%+ Points / potential airdropLighter: Season 3 · farm board−$93 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.248% dearer against Lighter than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.550%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01609	0.0096	pay 0.0012% / 1h	27m 27s	$60K	$104K	3x
Short	OKX AZTEC-USDT-SWAP	0.01613	0.0219	get 0.0110% / 4h	2h 27m	$354K	$871K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.249%Rate

Funding earned: $25.9
Price spread: +0.249% → +0.001%: $24.81
Slippage, 4 orders: −$122.59
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$81.88
Costs to cover: 1.326%
Break-even: 29.1 days

Slippage from Lighter: live order book, 22 min ago; OKX: live order book, 39 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, 22 min ago	18.59 bp	30.6 bp −$31	78.6 bp −$786	doesn't fit	doesn't fit
Sell OKX live order book, 39 min ago	6.11 bp	44.6 bp −$45	doesn't fit	doesn't fit	doesn't fit

AZTEC on 13 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	0.01613	+0.249%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01609	long leg	$60K	$104K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01611	+0.143%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01612	+0.162%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01610	+0.062%	$302K	$422K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01608	−0.062%	$339K	$283K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01607	−0.140%	$64K	$84K	—	as long as short
KuCoin AZTECUSDTM	+0.0218%	4h	0.01612	+0.186%	$284K	$291K	20x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0219%	4h	0.01613	+0.249%	$354K	$871K	20x
Binance AZTECUSDT	+0.0227%	4h	0.01612	+0.166%	$1.9M	$4.2M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AZTECUSDT	+0.0234%	4h	0.01610	+0.035%	$7K	$21K	5x	as long as short
MEXC AZTEC_USDT	+0.0236%	4h	0.01611	+0.124%	$230K	$114K	20x	as long as short
Extended AZTEC-USD	+0.0240%	1h	0.01611	+0.129%	$57K	$453K	5x	as long as short