Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Lighter+0.053%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.053% dearer against Lighter than usual: you sell high and buy low, +$5 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	0.01606	0.0096	pay 0.0012% / 1h	31m 52s	$60K	$104K	3x
Short	Variational Omni AZTEC	0.01607	0.0100	get 0.0050% / 4h	2h 31m	$64K	$84K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.053%Rate

Funding earned: $0.84
Price spread: +0.053% → 0.000%: $5.3
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.14
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 17 min ago; Variational Omni: 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, 17 min ago	18.59 bp	30.6 bp −$31	78.6 bp −$786	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 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	0.01608	+0.131%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01606	long leg	$60K	$104K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01607	+0.093%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01608	+0.118%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01607	+0.068%	$302K	$422K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01605	−0.056%	$339K	$283K	20x	as long as short
Variational Omni AZTECshort	+0.0100%	4h	0.01607	+0.053%	$64K	$84K	—
OKX AZTEC-USDT-SWAP	+0.0251%	4h	0.01610	+0.255%	$354K	$871K	20x	as long as short
Extended AZTEC-USD	+0.0256%	1h	0.01608	+0.151%	$57K	$453K	5x	as long as short
Binance AZTECUSDT	+0.0256%	4h	0.01608	+0.147%	$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
KuCoin AZTECUSDTM	+0.0258%	4h	0.01610	+0.255%	$283K	$291K	20x	as long as short
MEXC AZTEC_USDT	+0.0266%	4h	0.01609	+0.193%	$230K	$113K	20x	as long as short
Aster AZTECUSDT	+0.0268%	4h	0.01609	+0.164%	$7K	$21K	5x	as long as short