Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.121%

Price spread now: Lighter against BingX−0.159%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1131.134% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.517%+$52 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

Funding pays, the price is against you. Lighter is 0.159% cheaper against BingX than usual: you would sell low and buy high (spread −0.159% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 20 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.517% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AZTEC-USDT	0.01638	0.0070	pay 0.0035% / 4h	3h 07m	—	$1.6M	—
Short	Lighter AZTEC	0.01635	0.0096	get 0.0012% / 1h	7m 56s	$66K	$104K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now −0.159%Rate

Funding earned: $5.46
Price spread: −0.159% → 0.000%: −$15.87
Slippage, 4 orders: −$103.44
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$123.85
Costs to cover: 1.134%
Break-even: 165.8 days

Slippage from BingX: live order book, 9 min ago; Lighter: live order book, 56 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 BingX live order book, 9 min ago	6.14 bp	28.5 bp −$28	103.4 bp −$1,034	1171.6 bp −$117.2K	doesn't fit
Sell Lighter live order book, 56 min ago	16.82 bp	32.8 bp −$33	99.3 bp −$993	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-USDTlong	+0.0070%	4h	0.01638	long leg	—	$1.6M	—
Lighter AZTECshort	+0.0096%	1h	0.01635	−0.159%	$66K	$104K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01638	+0.024%	$1.1M	$1.2M	3x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01639	+0.061%	$347K	$282K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01634	−0.261%	$67K	$82K	—	as long as short
Bybit AZTECUSDT	+0.0219%	4h	0.01637	−0.061%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0444%	4h	0.01639	+0.061%	$366K	$871K	20x	as long as short
MEXC AZTEC_USDT	+0.0498%	4h	0.01636	−0.122%	$237K	$113K	20x	as long as short
Extended AZTEC-USD	+0.0504%	1h	0.01638	−0.023%	$59K	$455K	5x	as long as short
BloFin AZTEC-USDT	+0.0507%	4h	0.01640	+0.122%	$97K	$31K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDT	+0.0507%	4h	0.01638	0.000%	$2.0M	$4.1M	25x	as long as short
KuCoin AZTECUSDTM	+0.0522%	4h	0.01639	+0.061%	$288K	$285K	20x	as long as short
Aster AZTECUSDT	+0.0542%	4h	0.01638	0.000%	$7K	$21K	5x	as long as short
Gate AZTEC_USDT	+0.0637%	8h	0.01638	0.000%	$306K	$424K	25x	as long as short