Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%

Price spread now: Hyperliquid against Aster+0.244%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.244% dearer against Aster than usual: you sell high and buy low, +$24 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	Aster AZTECUSDT	0.01614	0.0100	pay 0.0050% / 4h	2h 37m	$7K	$21K	5x
Short	Hyperliquid AZTEC	0.01618	0.0100	get 0.0013% / 1h	37m 20s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.244%Rate

Funding earned: $0
Price spread: +0.244% → 0.000%: $24.37
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $7.37
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 3 min ago. 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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	2.16 bp	38.7 bp −$39	doesn't fit	doesn't fit	doesn't fit

Aster: 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	+0.0036%	4h	0.01617	+0.188%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0082%	4h	0.01611	−0.184%	$97K	$28K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01613	−0.054%	$81K	$100K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01618	+0.244%	$1.1M	$1.2M	3x
Aster AZTECUSDTlong	+0.0100%	4h	0.01614	long leg	$7K	$21K	5x
Binance AZTECUSDT	+0.0100%	4h	0.01617	+0.188%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01614	+0.033%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01620	+0.374%	$363K	$892K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01615	+0.064%	$295K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01617	+0.188%	$243K	$106K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01614	+0.002%	$283K	$288K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01617	+0.188%	$358K	$277K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01616	+0.096%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01617	+0.177%	$57K	$387K	5x	as long as short