Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.161%

Price spread now: OKX against Lighter+0.289%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1351.347% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.550%−$55 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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and OKX is 0.289% dearer against Lighter than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.550%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01626	0.0096	pay 0.0012% / 1h	3m 44s	$65K	$105K	3x
Short	OKX AZTEC-USDT-SWAP	0.01631	0.0460	get 0.0230% / 4h	3h 03m	$365K	$868K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.289%Rate

Funding earned: $76.48
Price spread: +0.289% → 0.000%: $28.9
Slippage, 4 orders: −$124.74
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.36
Costs to cover: 1.347%
Break-even: 9.7 days

Slippage from Lighter: live order book, 60 min ago; OKX: live order book, 2 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, 60 min ago	16.82 bp	21.1 bp −$21	66.5 bp −$665	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	6.11 bp	44.6 bp −$45	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	+0.0070%	4h	0.01629	+0.166%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01626	long leg	$65K	$105K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01630	+0.246%	$1.1M	$1.2M	3x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01631	+0.289%	$345K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01633	+0.424%	$67K	$82K	—	as long as short
Bybit AZTECUSDT	+0.0217%	4h	0.01627	+0.068%	$1.5M	$1.3M	25x	as long as short
BloFin AZTEC-USDT	+0.0459%	4h	0.01639	+0.781%	$97K	$31K	25x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0460%	4h	0.01631	+0.289%	$365K	$868K	20x
Binance AZTECUSDT	+0.0507%	4h	0.01630	+0.203%	$1.9M	$4.2M	25x	as long as short
MEXC AZTEC_USDT	+0.0508%	4h	0.01628	+0.105%	$236K	$113K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AZTEC-USD	+0.0512%	1h	0.01631	+0.267%	$59K	$455K	5x	as long as short
KuCoin AZTECUSDTM	+0.0520%	4h	0.01634	+0.473%	$287K	$284K	20x	as long as short
Aster AZTECUSDT	+0.0536%	4h	0.01634	+0.450%	$7K	$21K	5x	as long as short
Gate AZTEC_USDT	+0.0617%	8h	0.01634	+0.473%	$304K	$425K	25x	as long as short