Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.042%

Price spread now: KuCoin against Lighter+0.184%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,022as in the Funding arb table

Net, price: spread back to 7d avg − costs−$908as in the Price arb table

costs, in and out, $10k−$9339.335% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.888%−$89 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.184%, 7d avg −0.074%

Together, before fees−1.206%+ Points / potential airdropLighter: Season 3 · farm board−$121 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: KuCoin is 0.257% dearer against Lighter than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01580	0.0096	pay 0.0012% / 1h	18m 10s	$55K	$100K	3x
Short	KuCoin AZTECUSDTM	0.01583	0.0100	get 0.0050% / 4h	1h 18m	$283K	$316K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.184%Rate

Funding earned: $0.84
Price spread: +0.184% → −0.074%: $25.71
Slippage, 4 orders: −$921.46
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$906.91
Costs to cover: 9.335%
Break-even: 7564.6 days

Slippage from Lighter: live order book, 67 min ago; KuCoin: live order book, 24 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, 67 min ago	16.24 bp	43.6 bp −$44	93.6 bp −$936	doesn't fit	doesn't fit
Sell KuCoin live order book, 24 min ago	12.68 bp	385.7 bp −$386	doesn't fit	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	0.01580	−0.006%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0088%	4h	0.01582	+0.120%	$91K	$36K	25x	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01580	long leg	$55K	$100K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01580	−0.013%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01580	+0.024%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01580	−0.004%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01580	−0.019%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01580	−0.006%	$324K	$882K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01580	−0.006%	$286K	$418K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01579	−0.070%	$223K	$122K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTMshort	+0.0100%	4h	0.01583	+0.184%	$283K	$316K	20x
Bitget AZTECUSDT	+0.0100%	4h	0.01582	+0.120%	$370K	$340K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01581	+0.039%	$63K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01579	−0.047%	$56K	$262K	5x	as long as short