Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.170%

Price spread now: Lighter against OKX−0.562%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.553%+$55 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.562% cheaper against OKX than usual: you would sell low and buy high (−$56 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.553%, 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	0.01636	0.0156	pay 0.0078% / 4h	4m 06s	$362K	$882K	20x
Short	Lighter AZTEC	0.01627	0.0096	get 0.0012% / 1h	4m 06s	$72K	$101K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.562%Rate

Funding earned: −$12.66
Price spread: −0.562% → 0.000%: −$56.23
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$78.9
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 7 min ago; Lighter: 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 OKX live order book, 7 min ago	3.08 bp	40.8 bp −$41	2682.9 bp −$26.8K	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 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	+0.0070%	4h	0.01630	−0.367%	—	$1.7M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01627	−0.562%	$72K	$101K	3x
Bybit AZTECUSDT	+0.0100%	4h	0.01637	+0.061%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01625	−0.672%	$296K	$429K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01635	−0.061%	$353K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01623	−0.808%	$65K	$80K	—	as long as short
Hyperliquid AZTEC	+0.0139%	1h	0.01632	−0.269%	$1.1M	$1.2M	3x	as long as short
OKX AZTEC-USDT-SWAPlong	+0.0156%	4h	0.01636	long leg	$362K	$882K	20x
MEXC AZTEC_USDT	+0.0348%	4h	0.01629	−0.428%	$236K	$115K	20x	as long as short
Extended AZTEC-USD	+0.0360%	1h	0.01629	−0.417%	$57K	$383K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AZTECUSDT	+0.0361%	4h	0.01625	−0.675%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0363%	4h	0.01636	+0.028%	$2.0M	$4.1M	25x	as long as short
BloFin AZTEC-USDT	+0.0388%	4h	0.01622	−0.856%	$96K	$30K	25x	as long as short
KuCoin AZTECUSDTM	+0.0628%	4h	0.01623	−0.795%	$285K	$286K	20x	as long as short