Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.015%

Price spread now: Gate against Lighter+0.160%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1311.307% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.969%−$97 on $10k

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.160% dearer against Lighter than usual: you sell high and buy low, +$16 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	0.01628	0.0096	pay 0.0012% / 1h	49m 15s	$77K	$96K	3x
Short	Gate AZTEC_USDT	0.01631	0.0100	get 0.0100% / 8h	49m 15s	$298K	$428K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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 LighterbpFee GatebpOrdersPrice spread, now +0.160%Rate

Funding earned: $0.84
Price spread: +0.160% → 0.000%: $15.97
Slippage, 4 orders: −$115.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.94
Costs to cover: 1.307%
Break-even: 956.5 days

Slippage from Lighter: live order book, 83 min ago; Gate: live order book, 26 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 Lighter live order book, 83 min ago	17.27 bp	21.0 bp −$21	62.2 bp −$622	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	3.08 bp	35.9 bp −$36	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	0.01632	+0.221%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01628	long leg	$77K	$96K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01632	+0.252%	$1.1M	$1.2M	3x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01630	+0.080%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDTshort	+0.0100%	8h	0.01631	+0.160%	$298K	$428K	25x
Bitget AZTECUSDT	+0.0100%	4h	0.01631	+0.160%	$353K	$281K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01632	+0.209%	$65K	$81K	—	as long as short
MEXC AZTEC_USDT	+0.0138%	4h	0.01632	+0.221%	$219K	$108K	20x	as long as short
OKX AZTEC-USDT-SWAP	+0.0145%	4h	0.01633	+0.282%	$365K	$886K	20x	as long as short
Extended AZTEC-USD	+0.0152%	1h	0.01630	+0.126%	$57K	$383K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDT	+0.0154%	4h	0.01631	+0.160%	$1.9M	$4.1M	25x	as long as short
Aster AZTECUSDT	+0.0159%	4h	0.01630	+0.110%	$7K	$21K	5x	as long as short
BloFin AZTEC-USDT	+0.0187%	4h	0.01631	+0.160%	$97K	$28K	25x	as long as short
KuCoin AZTECUSDTM	+0.0512%	4h	0.01634	+0.344%	$287K	$287K	20x	as long as short