Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h −0.110%

Price spread now: Lighter against Aster−0.190%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Lighter is 0.190% cheaper against Aster than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AZTECUSDT	0.01636	0.0475	pay 0.0237% / 4h	3h 57m	$7K	$21K	5x
Short	Lighter AZTEC	0.01633	0.0096	get 0.0012% / 1h	57m 12s	$72K	$98K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.190%Rate

Funding earned: −$79.54
Price spread: −0.190% → 0.000%: −$19
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$106.54
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Lighter: live order book, 7 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	16.82 bp	32.8 bp −$33	99.3 bp −$993	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01636	−0.001%	—	$1.6M	—	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01633	−0.190%	$72K	$98K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01636	−0.001%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01635	−0.062%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01635	−0.062%	$303K	$407K	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01637	+0.061%	$352K	$279K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01635	−0.075%	$65K	$80K	—	as long as short
OKX AZTEC-USDT-SWAP	+0.0153%	4h	0.01638	+0.122%	$365K	$883K	20x	as long as short
BloFin AZTEC-USDT	+0.0433%	4h	0.01636	−0.001%	$96K	$31K	25x	as long as short
MEXC AZTEC_USDT	+0.0462%	4h	0.01634	−0.123%	$237K	$110K	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	+0.0472%	1h	0.01636	−0.020%	$58K	$380K	5x	as long as short
Binance AZTECUSDT	+0.0473%	4h	0.01636	−0.001%	$2.0M	$4.1M	25x	as long as short
Aster AZTECUSDTlong	+0.0475%	4h	0.01636	long leg	$7K	$21K	5x
KuCoin AZTECUSDTM	+0.0692%	4h	0.01639	+0.183%	$287K	$286K	20x	as long as short