Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.029%

Price spread now: Hyperliquid against BloFin−0.117%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.481%+$48 on $10k

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

Together, before fees—+ Points / potential airdropHyperliquid: 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 0.117% cheaper against BloFin than usual: you would sell low and buy high, −$12 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	BloFin AZTEC-USDT	0.01619	0.0095	pay 0.0047% / 4h	1h 31m	$96K	$28K	25x
Short	Hyperliquid AZTEC	0.01617	0.0100	get 0.0013% / 1h	31m 00s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee HyperliquidbpOrdersPrice spread, now −0.117%Rate

Funding earned: $1.14
Price spread: −0.117% → 0.000%: −$11.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$31.59
Costs to cover: 0.210%
Break-even: 200.5 days

Slippage unknown: BloFin: no order-book sample; Hyperliquid: live order book, 9 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 BloFin no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	1.54 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit

BloFin: 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	0.01616	−0.185%	—	$1.7M	—	as long as short
BloFin AZTEC-USDTlong	+0.0095%	4h	0.01619	long leg	$96K	$28K	25x
Lighter AZTEC	+0.0096%	1h	0.01613	−0.358%	$78K	$98K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01617	−0.117%	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01616	−0.162%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01616	−0.185%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01615	−0.259%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01618	−0.062%	$362K	$889K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01616	−0.185%	$295K	$429K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01616	−0.185%	$242K	$105K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01617	−0.124%	$352K	$280K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01621	+0.143%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01617	−0.110%	$57K	$384K	5x	as long as short
KuCoin AZTECUSDTM	+0.0282%	4h	0.01619	0.000%	$284K	$287K	20x	as long as short