Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.116%

Price spread now: Binance against Lighter+0.180%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$1091.087% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.662%−$66 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now +0.180%, 7d avg −0.063%

Together, before fees−1.065%+ Points / potential airdropLighter: Season 3 · farm board−$107 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: Binance is 0.244% dearer against Lighter than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01619	0.0096	pay 0.0012% / 1h	18m 20s	$76K	$100K	3x
Short	Binance AZTECUSDT	0.01622	0.0100	get 0.0050% / 4h	1h 18m	$1.9M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.180%Rate

Funding earned: $0.84
Price spread: +0.180% → −0.063%: $24.38
Slippage, 4 orders: −$98.74
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$83.52
Costs to cover: 1.087%
Break-even: 703.0 days

Slippage from Lighter: live order book, 54 min ago; Binance: live order book, 4 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 Lighter live order book, 54 min ago	17.27 bp	21.0 bp −$21	62.2 bp −$622	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	3.08 bp	27.1 bp −$27	126.4 bp −$1,264	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	0.01622	+0.179%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01619	long leg	$76K	$100K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01623	+0.216%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01620	+0.081%	$7K	$21K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01622	+0.180%	$1.9M	$4.1M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01621	+0.105%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01622	+0.179%	$362K	$890K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01620	+0.056%	$296K	$429K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01621	+0.117%	$243K	$106K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01623	+0.241%	$354K	$280K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01621	+0.136%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01622	+0.160%	$57K	$383K	5x	as long as short
BloFin AZTEC-USDT	+0.0150%	4h	0.01622	+0.179%	$96K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0266%	4h	0.01623	+0.241%	$285K	$287K	20x	as long as short