Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Lighter−0.059%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.059% cheaper against Lighter than usual: you would sell low and buy high, −$6 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	0.01635	0.0096	pay 0.0012% / 1h	6m 44s	$66K	$104K	3x
Short	Variational Omni AZTEC	0.01634	0.0100	get 0.0050% / 4h	3h 06m	$67K	$82K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.059%Rate

Funding earned: $0.84
Price spread: −0.059% → 0.000%: −$5.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.09
Costs to cover: 0.000%
Break-even: 49.4 days

Slippage unknown: Lighter: live order book, 57 min ago; Variational Omni: 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, 57 min ago	16.82 bp	21.1 bp −$21	66.5 bp −$665	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	+0.0070%	4h	0.01637	+0.141%	—	$1.6M	—	as long as short
Lighter AZTEClong	+0.0096%	1h	0.01635	long leg	$66K	$104K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01637	+0.165%	$1.1M	$1.2M	3x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01637	+0.141%	$346K	$282K	20x	as long as short
Variational Omni AZTECshort	+0.0100%	4h	0.01634	−0.059%	$67K	$82K	—
Bybit AZTECUSDT	+0.0228%	4h	0.01634	−0.012%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0447%	4h	0.01639	+0.263%	$365K	$871K	20x	as long as short
BloFin AZTEC-USDT	+0.0475%	4h	0.01636	+0.080%	$96K	$31K	25x	as long as short
Extended AZTEC-USD	+0.0512%	1h	0.01638	+0.192%	$59K	$455K	5x	as long as short
MEXC AZTEC_USDT	+0.0512%	4h	0.01635	+0.018%	$237K	$113K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AZTECUSDT	+0.0513%	4h	0.01636	+0.080%	$2.0M	$4.2M	25x	as long as short
KuCoin AZTECUSDTM	+0.0524%	4h	0.01639	+0.263%	$288K	$285K	20x	as long as short
Aster AZTECUSDT	+0.0549%	4h	0.01638	+0.174%	$7K	$21K	5x	as long as short
Gate AZTEC_USDT	+0.0626%	8h	0.01638	+0.202%	$306K	$424K	25x	as long as short