Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.086%

Price spread now: Lighter against Binance+0.013%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.629%+$63 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.013%, 7d avg +0.049%

Together, before fees+0.750%+ Points / potential airdropLighter: Season 3 · farm board+$75 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.036% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AZTECUSDT	0.01581	0.0100	pay 0.0050% / 4h	1h 56m	$1.9M	$4.4M	25x
Short	Lighter AZTEC	0.01581	0.0096	get 0.0012% / 1h	56m 08s	$56K	$100K	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 +0.013%Rate

Funding earned: −$0.84
Price spread: +0.013% → +0.049%: −$3.64
Slippage, 4 orders: −$111.36
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$125.84
Costs to cover: 1.214%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Lighter: live order book, 29 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	3.14 bp	27.3 bp −$27	172.3 bp −$1,723	doesn't fit	doesn't fit
Sell Lighter live order book, 29 min ago	16.24 bp	22.2 bp −$22	75.0 bp −$750	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	0.01581	0.000%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0052%	4h	0.01586	+0.316%	$91K	$36K	25x	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01581	+0.013%	$56K	$100K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01581	0.000%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01582	+0.058%	$9K	$24K	5x	as long as short
Binance AZTECUSDTlong	+0.0100%	4h	0.01581	long leg	$1.9M	$4.4M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01580	−0.063%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01581	0.000%	$324K	$895K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01583	+0.127%	$294K	$413K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01580	−0.063%	$223K	$120K	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	0.01585	+0.253%	$282K	$315K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01583	+0.127%	$374K	$329K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01584	+0.171%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01581	+0.006%	$56K	$452K	5x	as long as short