Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.089%

Price spread now: Lighter against BloFin+0.083%60s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.598%+$60 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 0.083% dearer against BloFin than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.598%, so the current rate has only just turned against you. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AZTEC-USDT	0.01573	0.0134	pay 0.0067% / 4h	16m 11s	$91K	$36K	25x
Short	Lighter AZTEC	0.01574	0.0096	get 0.0012% / 1h	16m 11s	$55K	$98K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$8
Price spread: +0.083% → 0.000%: $8.26
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.73
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Lighter: live order book, 59 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 Lighter live order book, 59 min ago	22.78 bp	35.7 bp −$36	94.7 bp −$947	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	0.01573	0.000%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01574	+0.083%	$55K	$98K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01574	+0.038%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01574	+0.079%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01574	+0.095%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01572	−0.045%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01573	0.000%	$325K	$873K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01568	−0.318%	$286K	$415K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01574	+0.064%	$222K	$122K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01575	+0.127%	$282K	$316K	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	0.01570	−0.191%	$367K	$338K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01568	−0.335%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01573	+0.023%	$57K	$476K	5x	as long as short
BloFin AZTEC-USDTlong	+0.0134%	4h	0.01573	long leg	$91K	$36K	25x