AZTEC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.088%

Price spread now: Lighter against Hyperliquid−0.210%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1171.166% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.210%, 7d avg −0.025%

Together, before fees+0.328%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$33 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 0.184% cheaper against Hyperliquid than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AZTEC	0.01621	0.0100	pay 0.0013% / 1h	29m 58s	$1.1M	$1.2M	3x
Short	Lighter AZTEC	0.01617	0.0096	get 0.0012% / 1h	29m 58s	$81K	$100K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.210%Rate

Funding earned: −$0.84
Price spread: −0.210% → −0.025%: −$18.44
Slippage, 4 orders: −$107.56
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$135.85
Costs to cover: 1.166%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, just now; 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 Hyperliquid live order book, just now	2.16 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 52 min ago	19.97 bp	42.5 bp −$43	108.8 bp −$1,088	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	0.01620	−0.037%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0080%	4h	0.01617	−0.222%	$97K	$28K	25x	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01617	−0.210%	$81K	$100K	3x
Hyperliquid AZTEClong	+0.0100%	1h	0.01621	long leg	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01619	−0.106%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01619	−0.099%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01619	−0.099%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01623	+0.148%	$364K	$894K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01617	−0.222%	$295K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01619	−0.099%	$243K	$106K	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	0.01621	+0.025%	$284K	$288K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01617	−0.222%	$358K	$277K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01618	−0.165%	$65K	$81K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01619	−0.081%	$57K	$387K	5x	as long as short