Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h +0.161%

Price spread now: OKX against Lighter−0.126%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1171.173% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.539%−$54 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.126%, 7d avg +0.002%

Together, before fees−0.552%+ Points / potential airdropLighter: Season 3 · farm board−$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.128% cheaper against Lighter than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of +0.002%). If the spread goes back, that is −$13 on $10k: about 5.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.539%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AZTEC	0.01584	0.0096	pay 0.0012% / 1h	18m 48s	$56K	$107K	3x
Short	OKX AZTEC-USDT-SWAP	0.01582	0.0176	get 0.0088% / 4h	18m 48s	$328K	$923K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $16.76
Price spread: −0.126% → +0.002%: −$12.84
Slippage, 4 orders: −$107.26
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$113.34
Costs to cover: 1.173%
Break-even: 54.3 days

Slippage from Lighter: live order book, 20 min ago; OKX: live order book, 37 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, 20 min ago	20.05 bp	35.5 bp −$35	84.4 bp −$844	doesn't fit	doesn't fit
Sell OKX live order book, 37 min ago	6.25 bp	31.0 bp −$31	165.1 bp −$1,651	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	0.01583	−0.063%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0073%	4h	0.01586	+0.126%	$94K	$32K	25x	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01584	long leg	$56K	$107K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01583	−0.032%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01584	+0.016%	$8K	$24K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01584	−0.020%	$1.9M	$4.3M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01583	−0.088%	$1.5M	$1.3M	25x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01583	−0.063%	$295K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01583	−0.063%	$250K	$117K	20x	as long as short
KuCoin AZTECUSDTM	+0.0100%	4h	0.01586	+0.126%	$283K	$311K	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	0.01585	+0.063%	$373K	$298K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01578	−0.366%	$63K	$71K	—	as long as short
Extended AZTEC-USD	+0.0104%	1h	0.01584	−0.026%	$56K	$449K	5x	as long as short
OKX AZTEC-USDT-SWAPshort	+0.0176%	4h	0.01582	−0.126%	$328K	$923K	20x