Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Bitget−0.076%7-day average +0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1281.284% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.911%+$91 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.076%, 7d avg +0.090%

Together, before fees+0.860%+ Points / potential airdropLighter: Season 3 · 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: Lighter is 0.166% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AZTECUSDT	0.01584	0.0100	pay 0.0050% / 4h	2h 53m	$383K	$329K	20x
Short	Lighter AZTEC	0.01583	0.0096	get 0.0012% / 1h	53m 47s	$56K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$0.84
Price spread: −0.076% → +0.090%: −$16.56
Slippage, 4 orders: −$116.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$145.81
Costs to cover: 1.284%
Break-even: never at this rate

Slippage from Bitget: live order book, 51 min ago; Lighter: live order book, 40 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, 51 min ago	3.14 bp	21.9 bp −$22	132.7 bp −$1,327	doesn't fit	doesn't fit
Sell Lighter live order book, 40 min ago	19.53 bp	22.0 bp −$22	95.5 bp −$955	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	0.01582	−0.126%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01583	−0.076%	$56K	$100K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01582	−0.095%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01584	−0.030%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01582	−0.150%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01582	−0.126%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01585	+0.063%	$326K	$931K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01582	−0.126%	$293K	$422K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01581	−0.189%	$235K	$117K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01584	0.000%	$283K	$315K	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	0.01584	long leg	$383K	$329K	20x
Variational Omni AZTEC	+0.0100%	4h	0.01585	+0.046%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01582	−0.122%	$56K	$451K	5x	as long as short
BloFin AZTEC-USDT	+0.0119%	4h	0.01587	+0.189%	$93K	$33K	25x	as long as short