Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.073%

Price spread now: Hyperliquid against Gate+0.184%7-day average +0.225% · you sell dearer than you buy

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

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.806%+$81 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.184%, 7d avg +0.225%

Together, before fees+0.856%+ Points / potential airdropHyperliquid: Season 2 · farm board+$86 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.041% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.225%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.806%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01632	0.0144	pay 0.0144% / 8h	7h 41m	$303K	$413K	25x
Short	Hyperliquid AZTEC	0.01635	0.0100	get 0.0013% / 1h	41m 42s	$1.1M	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.184%Rate

Funding earned: −$9.24
Price spread: +0.184% → +0.225%: −$4.11
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.35
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 29 min ago; Hyperliquid: live order book, 9 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 Gate live order book, 29 min ago	3.08 bp	35.7 bp −$36	8412.1 bp −$84.1K	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	2.16 bp	doesn't fit	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	0.01635	+0.184%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01633	+0.037%	$69K	$101K	3x	as long as short
Hyperliquid AZTECshort	+0.0100%	1h	0.01635	+0.184%	$1.1M	$1.2M	3x
Bybit AZTECUSDT	+0.0100%	4h	0.01635	+0.184%	$1.5M	$1.3M	25x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01632	0.000%	$348K	$281K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01633	+0.046%	$65K	$80K	—	as long as short
Gate AZTEC_USDTlong	+0.0144%	8h	0.01632	long leg	$303K	$413K	25x
OKX AZTEC-USDT-SWAP	+0.0203%	4h	0.01638	+0.368%	$365K	$873K	20x	as long as short
BloFin AZTEC-USDT	+0.0426%	4h	0.01634	+0.123%	$97K	$31K	25x	as long as short
MEXC AZTEC_USDT	+0.0426%	4h	0.01635	+0.184%	$237K	$111K	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	+0.0432%	1h	0.01635	+0.193%	$60K	$455K	5x	as long as short
Binance AZTECUSDT	+0.0443%	4h	0.01635	+0.184%	$2.0M	$4.1M	25x	as long as short
Aster AZTECUSDT	+0.0465%	4h	0.01633	+0.072%	$7K	$21K	5x	as long as short
KuCoin AZTECUSDTM	+0.0600%	4h	0.01636	+0.245%	$287K	$285K	20x	as long as short