Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.087%

Price spread now: Hyperliquid against Bitget+0.031%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.764%+$76 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.031%, 7d avg +0.135%

Together, before fees+0.856%+ Points / potential airdropHyperliquid: Season 2 · farm board+$86 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: Hyperliquid is 0.104% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AZTECUSDT	0.01619	0.0100	pay 0.0050% / 4h	2h 47m	$357K	$273K	20x
Short	Hyperliquid AZTEC	0.01620	0.0100	get 0.0013% / 1h	47m 12s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.135%: −$10.44
Slippage, 4 orders: −$79.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$110.72
Costs to cover: 1.003%
Break-even: never at this rate

Slippage from Bitget: live order book, 36 min ago; Hyperliquid: live order book, 3 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 Bitget live order book, 36 min ago	9.20 bp	20.9 bp −$21	209.4 bp −$2,094	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	2.47 bp	32.6 bp −$33	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	0.01618	−0.062%	—	$1.7M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01616	−0.191%	$81K	$100K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01620	+0.031%	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01617	−0.113%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01619	0.000%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01617	−0.136%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01619	0.000%	$363K	$891K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01617	−0.124%	$295K	$428K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01618	−0.062%	$243K	$105K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01619	0.000%	$283K	$288K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDTlong	+0.0100%	4h	0.01619	long leg	$357K	$273K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01619	−0.030%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01619	−0.008%	$57K	$387K	5x	as long as short
BloFin AZTEC-USDT	+0.0122%	4h	0.01617	−0.124%	$98K	$23K	25x	as long as short