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 −0.014%

Price spread now: Lighter against Gate+0.235%7-day average +0.177% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1481.482% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.948%+$95 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.235%, 7d avg +0.177%

Together, before fees+0.991%+ Points / potential airdropLighter: Season 3 · farm board+$99 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: Lighter is 0.059% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.177%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AZTEC_USDT	0.01572	0.0100	pay 0.0100% / 8h	1h 33m	$284K	$417K	25x
Short	Lighter AZTEC	0.01576	0.0096	get 0.0012% / 1h	33m 32s	$55K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.235%Rate

Funding earned: −$0.84
Price spread: +0.235% → +0.177%: $5.88
Slippage, 4 orders: −$133.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$143.2
Costs to cover: 1.482%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; Lighter: live order book, 52 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 Gate live order book, 7 min ago	6.35 bp	47.2 bp −$47	9889.4 bp −$98.9K	doesn't fit	doesn't fit
Sell Lighter live order book, 52 min ago	16.24 bp	22.2 bp −$22	75.0 bp −$750	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	0.01576	+0.254%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0045%	4h	0.01575	+0.191%	$91K	$36K	25x	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01576	+0.235%	$55K	$100K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01575	+0.204%	$1.1M	$1.1M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01573	+0.080%	$9K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01575	+0.220%	$1.9M	$4.4M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01572	+0.019%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01573	+0.064%	$322K	$886K	20x	as long as short
Gate AZTEC_USDTlong	+0.0100%	8h	0.01572	long leg	$284K	$417K	25x
MEXC AZTEC_USDT	+0.0100%	4h	0.01574	+0.127%	$222K	$121K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01576	+0.254%	$282K	$316K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01576	+0.254%	$368K	$337K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01573	+0.046%	$62K	$65K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01575	+0.183%	$56K	$259K	5x	as long as short