Funding arb · Price arb /

AZTEC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Variational Omni−0.156%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

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 airdropVariational Omni: Active · Lighter: 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: Lighter is 0.156% cheaper against Variational Omni than usual: you would sell low and buy high, −$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	Variational Omni AZTEC	0.01625	0.0100	pay 0.0050% / 4h	2h 21m	$65K	$81K	—
Short	Lighter AZTEC	0.01623	0.0096	get 0.0012% / 1h	21m 48s	$81K	$101K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.156%Rate

Funding earned: −$0.84
Price spread: −0.156% → 0.000%: −$15.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.49
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Lighter: live order book, 60 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Lighter live order book, 60 min ago	19.97 bp	42.5 bp −$43	108.8 bp −$1,088	doesn't fit	doesn't fit

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	+0.0036%	4h	0.01626	+0.034%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0071%	4h	0.01627	+0.096%	$97K	$28K	25x	as long as short
Lighter AZTECshort	+0.0096%	1h	0.01623	−0.156%	$81K	$101K	3x
Hyperliquid AZTEC	+0.0100%	1h	0.01627	+0.108%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01624	−0.082%	$7K	$21K	5x	as long as short
Binance AZTECUSDT	+0.0100%	4h	0.01626	+0.006%	$1.9M	$4.1M	25x	as long as short
Bybit AZTECUSDT	+0.0100%	4h	0.01625	−0.033%	$1.5M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01628	+0.157%	$365K	$893K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01622	−0.212%	$296K	$430K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01625	−0.027%	$244K	$107K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01627	+0.096%	$286K	$288K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01624	−0.089%	$359K	$276K	20x	as long as short
Variational Omni AZTEClong	+0.0100%	4h	0.01625	long leg	$65K	$81K	—
Extended AZTEC-USD	+0.0104%	1h	0.01625	−0.009%	$57K	$387K	5x	as long as short