Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0377%/8h= −41.2% APRpaid last 24h −0.116%

Price spread now: Lighter against Binance+0.058%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1051.047% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.662%+$66 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

The price spread pays, funding is against you. Lighter is 0.058% dearer against Binance than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.662%, 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	Binance AZTECUSDT	0.01626	0.0473	pay 0.0236% / 4h	3h 55m	$1.9M	$4.2M	25x
Short	Lighter AZTEC	0.01627	0.0096	get 0.0012% / 1h	55m 34s	$71K	$99K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$79.07
Price spread: +0.058% → 0.000%: $5.85
Slippage, 4 orders: −$94.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$177.89
Costs to cover: 1.047%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Lighter: live order book, 9 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 Binance live order book, 11 min ago	6.16 bp	24.1 bp −$24	145.3 bp −$1,453	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	16.82 bp	32.8 bp −$33	99.3 bp −$993	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	+0.0070%	4h	0.01627	+0.071%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01627	+0.058%	$71K	$99K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01630	+0.237%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01626	+0.009%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01628	+0.132%	$302K	$411K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01627	+0.071%	$349K	$280K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01632	+0.365%	$65K	$80K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0157%	4h	0.01629	+0.194%	$363K	$880K	20x	as long as short
BloFin AZTEC-USDT	+0.0433%	4h	0.01636	+0.624%	$96K	$31K	25x	as long as short
Extended AZTEC-USD	+0.0472%	1h	0.01627	+0.098%	$58K	$380K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AZTEC_USDT	+0.0472%	4h	0.01628	+0.132%	$236K	$110K	20x	as long as short
Binance AZTECUSDTlong	+0.0473%	4h	0.01626	long leg	$1.9M	$4.2M	25x
Aster AZTECUSDT	+0.0479%	4h	0.01628	+0.158%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTM	+0.0684%	4h	0.01632	+0.378%	$286K	$286K	20x	as long as short