Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.012%

Price spread now: Lighter against KuCoin−0.384%7-day average +0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,361as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,503as in the Price arb table

costs, in and out, $10k−$1,45514.549% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.940%+$94 on $10k

Price spread, last 4 days (all we have)+0.339%+$34 · spread now −0.384%, 7d avg +0.100%

Together, before fees+1.278%+ Points / potential airdropLighter: Season 3 · farm board+$128 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 0.484% cheaper against KuCoin than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AZTECUSDTM	0.01639	0.0100	pay 0.0050% / 4h	3h 30m	$290K	$288K	20x
Short	Lighter AZTEC	0.01633	0.0096	get 0.0012% / 1h	30m 13s	$83K	$129K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now −0.384%Rate

Funding earned: −$0.84
Price spread: −0.384% → +0.100%: −$48.43
Slippage, 4 orders: −$1,442.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1,504.17
Costs to cover: 14.549%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Lighter: live order book, 12 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 KuCoin live order book, 11 min ago	18.41 bp	983.4 bp −$983	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	11.12 bp	49.7 bp −$50	116.5 bp −$1,165	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	0.01635	−0.244%	—	$1.7M	—	as long as short
BloFin AZTEC-USDT	+0.0065%	4h	0.01634	−0.305%	$98K	$24K	25x	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01633	−0.384%	$83K	$129K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01637	−0.122%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01636	−0.168%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01636	−0.183%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01634	−0.293%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01638	−0.061%	$368K	$905K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01636	−0.183%	$301K	$432K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01635	−0.244%	$246K	$107K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTMlong	+0.0100%	4h	0.01639	long leg	$290K	$288K	20x
Bitget AZTECUSDT	+0.0100%	4h	0.01636	−0.183%	$365K	$275K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01633	−0.337%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01635	−0.238%	$58K	$387K	5x	as long as short