Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.082%

Price spread now: OKX against Hyperliquid+0.148%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1361.363% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.390%−$39 on $10k

Price spread, last 7 days−0.168%−$17 · spread now +0.148%, 7d avg −0.036%

Together, before fees−0.558%+ Points / potential airdropHyperliquid: Season 2 · farm board−$56 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: OKX is 0.184% dearer against Hyperliquid than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.036%.

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	28m 28s	$1.1M	$1.2M	3x
Short	OKX AZTEC-USDT-SWAP	0.01623	0.0100	get 0.0050% / 4h	2h 28m	$364K	$891K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → −0.036%: $18.36
Slippage, 4 orders: −$117.27
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$117.91
Costs to cover: 1.363%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; OKX: live order book, 57 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, 2 min ago	2.16 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 57 min ago	6.12 bp	48.5 bp −$48	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	+0.0036%	4h	0.01620	−0.037%	—	$1.6M	—	as long as short
Lighter AZTEC	+0.0096%	1h	0.01617	−0.222%	$81K	$100K	3x	as long as short
Hyperliquid AZTEClong	+0.0100%	1h	0.01621	long leg	$1.1M	$1.2M	3x
Aster AZTECUSDT	+0.0100%	4h	0.01619	−0.104%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01620	−0.052%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01618	−0.136%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0100%	4h	0.01623	+0.148%	$364K	$891K	20x
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
KuCoin AZTECUSDTM	+0.0100%	4h	0.01619	−0.099%	$284K	$288K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget AZTECUSDT	+0.0100%	4h	0.01617	−0.222%	$358K	$276K	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	0.01620	−0.064%	$57K	$387K	5x	as long as short
BloFin AZTEC-USDT	+0.0127%	4h	0.01620	−0.037%	$97K	$28K	25x	as long as short