AZTEC Funding Rate — live across 13 venues

Compared across 13 supported venues · net of estimated fees · updated every few minutes

Live annualized AZTEC perpetual funding across all 13 venues Perpia tracks. Right now AZTEC funding is positive on 12 and negative on 1, ranging from +62.9% on OKX to -8.8% on Lighter — a spread of 71.7%. The widest delta-neutral trade is long Lighter / short OKX at 67.2% net APR.

venues

paying positive

71.7%

funding spread

Best AZTEC spread now

67.2%

net APR after fees

Long Lighter→Short OKX

size depends on live venue depth — see the real cap in the scanner

AZTEC funding trend & liquidity

168h of history

71.7%

current gross APR

43.9%

24h average

2.6%

7-day average

$54K

pair OI · lower leg

$109K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

AZTEC funding rate history

30d · 6h buckets · 12 venues

219%0-16.2%

4 Aug3 Sep

AZTEC — average across 12 venuesAsterExtendedHyperliquidBinance

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +15.3%. A break in a line means no data was recorded for that stretch, not a zero rate.

AZTEC funding rate by venue

30 pairs scanned

Venue	Funding APR	Interval
OKX ↗	+62.9%	4h
BingX ↗	+60.8%	4h
Extended ↗	+11.4%	1h
MEXC ↗	+10.9%	4h
Binance ↗	+10.9%	4h
Gate.io ↗	+10.9%	8h
KuCoin ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Hyperliquid ↗	+10.9%	1h
Aster ↗	+10.9%	4h
Lighter ↗	-8.8%	8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Lighter vs OKX page.

AZTEC arbitrage — 30-day backtest

long Lighter · short OKX

-23.1%

backtested APR

−$190

historical net P&L on $10,000

2.04%

max drawdown

$10,000$9,810

30 days agostarting capital $10,000today

Over the last 30 days, holding long Lighter / short OKX would have produced -23.1% APR — versus the 67.2% the live spread implies right now (equity $10,000 → $9,810). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading AZTEC backtest…

AZTEC funding — FAQ

Is AZTEC funding positive right now?

AZTEC perpetual funding is positive on 12 of 13 venues Perpia tracks and negative on 1. The highest is +62.9% on OKX; the lowest is -8.8% on Lighter.

What is the best AZTEC funding arbitrage right now?

Go long Lighter and short OKX for about 67.2% net APR after fees — the widest delta-neutral AZTEC spread Perpia currently sees.

Which exchange has the highest AZTEC funding rate?

OKX, at +62.9% annualized. Funding shifts continuously, so check the live table above before trading.

How AZTEC funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to AZTEC

Markets also quoted on both Lighter and OKX — the same two exchanges you would already have funded for the AZTEC trade.

See every spread between them on the Lighter vs OKX page.

Open the live scanner →All funding rates Funding by exchange How we calculate this