Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.075%

Price spread now: Hyperliquid against OKX+0.038%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1181.182% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.386%+$39 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.038%, 7d avg +0.031%

Together, before fees+0.301%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.386%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AZTEC-USDT-SWAP	0.01599	0.0138	pay 0.0069% / 4h	55m 33s	$348K	$859K	20x
Short	Hyperliquid AZTEC	0.01600	0.0100	get 0.0013% / 1h	55m 33s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$7.96
Price spread: +0.038% → +0.031%: $0.62
Slippage, 4 orders: −$99.17
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$125.51
Costs to cover: 1.182%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Hyperliquid: 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 OKX live order book, 1 min ago	6.25 bp	25.8 bp −$26	987.0 bp −$9,870	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	2.50 bp	40.3 bp −$40	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	0.01599	0.000%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0046%	4h	0.01593	−0.375%	$95K	$32K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01599	−0.019%	$56K	$107K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01600	+0.038%	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01598	−0.064%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01598	−0.063%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01597	−0.094%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01595	−0.250%	$291K	$422K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01598	−0.063%	$228K	$112K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01600	+0.063%	$286K	$297K	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	0.01599	0.000%	$343K	$276K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01599	+0.015%	$64K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01599	−0.022%	$56K	$453K	5x	as long as short
OKX AZTEC-USDT-SWAPlong	+0.0138%	4h	0.01599	long leg	$348K	$859K	20x