Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.038%

Price spread now: Lighter against Bybit+0.069%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.760%+$76 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.069% dearer against Bybit than usual: you sell high and buy low, +$7 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	Bybit AZTECUSDT	0.01590	0.0100	pay 0.0050% / 4h	1h 54m	$1.4M	$1.3M	25x
Short	Lighter AZTEC	0.01591	0.0096	get 0.0012% / 1h	54m 58s	$56K	$76K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$0.84
Price spread: +0.069% → 0.000%: $6.92
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.92
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; Lighter: no order-book sample. 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 Bybit live order book, 4 min ago	3.15 bp	43.8 bp −$44	314.9 bp −$3,149	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 exchanges

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
Lighter AZTECshort	+0.0096%	1h	0.01591	+0.069%	$56K	$76K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01590	+0.038%	$1.1M	$1.0M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01587	−0.159%	$9K	$20K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01591	+0.056%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDTlong	+0.0100%	4h	0.01590	long leg	$1.4M	$1.3M	25x
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01589	−0.057%	$321K	$884K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01587	−0.182%	$278K	$398K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01590	+0.006%	$227K	$122K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01593	+0.195%	$288K	$320K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01590	+0.006%	$387K	$342K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AZTEC-USDT	+0.0100%	4h	0.01590	+0.006%	—	$1.6M	—	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01592	+0.138%	$61K	$58K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01590	+0.005%	$57K	$467K	5x	as long as short
BloFin AZTEC-USDT	+0.0133%	4h	0.01593	+0.195%	$91K	$40K	25x	as long as short