Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Gate+0.229%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1381.381% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.932%+$93 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 0.229% dearer against Gate than usual: you sell high and buy low, +$23 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	Gate AZTEC_USDT	0.01570	0.0100	pay 0.0100% / 8h	7h 46m	$278K	$417K	25x
Short	Lighter AZTEC	0.01574	0.0096	get 0.0012% / 1h	46m 13s	$55K	$93K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.229%Rate

Funding earned: −$0.84
Price spread: +0.229% → 0.000%: $22.93
Slippage, 4 orders: −$123.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$116.06
Costs to cover: 1.381%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; Lighter: live order book, 89 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 Gate live order book, 49 min ago	3.18 bp	35.0 bp −$35	9598.4 bp −$96.0K	doesn't fit	doesn't fit
Sell Lighter live order book, 89 min ago	22.78 bp	35.7 bp −$36	94.7 bp −$947	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	0.01573	+0.191%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01574	+0.229%	$55K	$93K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01574	+0.248%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01573	+0.177%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01574	+0.252%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01573	+0.191%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01572	+0.127%	$322K	$865K	20x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01570	long leg	$278K	$417K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01573	+0.191%	$224K	$120K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01575	+0.318%	$284K	$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	0.01573	+0.191%	$366K	$344K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01574	+0.238%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01573	+0.166%	$55K	$474K	5x	as long as short
BloFin AZTEC-USDT	+0.0107%	4h	0.01573	+0.191%	$90K	$37K	25x	as long as short