Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.105%

Price spread now: Aster against Lighter−0.026%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.026% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01596	0.0096	pay 0.0012% / 1h	45m 43s	$56K	$107K	3x
Short	Aster AZTECUSDT	0.01596	0.0100	get 0.0050% / 4h	45m 43s	$7K	$21K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee AsterbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0.84
Price spread: −0.026% → 0.000%: −$2.59
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.75
Costs to cover: 0.080%
Break-even: 88.3 days

Slippage unknown: Lighter: live order book, 59 min ago; Aster: no order-book sample. 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 Lighter live order book, 59 min ago	24.70 bp	29.1 bp −$29	76.8 bp −$768	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.01597	+0.044%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01596	long leg	$56K	$107K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01597	+0.013%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDTshort	+0.0100%	4h	0.01596	−0.026%	$7K	$21K	5x
Binance AZTECUSDT	+0.0100%	4h	0.01597	+0.044%	$1.9M	$4.2M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01594	−0.125%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01594	−0.144%	$292K	$424K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01598	+0.106%	$228K	$113K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01598	+0.106%	$302K	$300K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01598	+0.106%	$342K	$276K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AZTEC	+0.0100%	4h	0.01596	−0.006%	$64K	$85K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01598	+0.111%	$56K	$453K	5x	as long as short
OKX AZTEC-USDT-SWAP	+0.0130%	4h	0.01597	+0.044%	$348K	$859K	20x	as long as short
BloFin AZTEC-USDT	+0.0144%	4h	0.01596	−0.019%	$95K	$32K	25x	as long as short