Funding arb · Price arb /

ACE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Hyperliquid against Binance+0.032%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.351%+$35 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.032%, 7d avg +0.055%

Together, before fees+0.403%+ Points / potential airdropHyperliquid: Season 2 · farm board+$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ACEUSDT	0.1723	0.0100	pay 0.0050% / 4h	1h 57m	$8.5M	$17.8M	20x
Short	Hyperliquid ACE	0.1724	0.0100	get 0.0013% / 1h	57m 48s	$411K	$386K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.055%: −$2.29
Slippage, 4 orders: −$46.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$67.93
Costs to cover: 0.656%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Hyperliquid: live order book, 12 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 Binance live order book, 13 min ago	0.29 bp	16.9 bp −$17	137.4 bp −$1,374	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	5.81 bp	16.3 bp −$16	doesn't fit	doesn't fit	doesn't fit

ACE on 13 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
Hyperliquid ACEshort	+0.0100%	1h	0.1724	+0.032%	$411K	$386K	3x
Aster ACEUSDT	+0.0100%	4h	0.1721	−0.131%	$27K	$33K	5x	as long as short
Binance ACEUSDTlong	+0.0100%	4h	0.1723	long leg	$8.5M	$17.8M	20x
MEXC ACE_USDT	+0.0100%	4h	0.1723	−0.009%	$13.9M	$784K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1724	+0.008%	$2.0M	$519K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1725	+0.090%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1722	−0.057%	$135K	$25K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1713	−0.612%	$15K	$148K	20x	as long as short
BloFin ACE-USDT	+0.0150%	4h	0.1721	−0.148%	$452K	$71K	20x	as long as short
BingX ACE-USDT	+0.0386%	4h	0.1723	−0.015%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0430%	4h	0.1724	+0.026%	$2.5M	$2.5M	25x	as long as short
Gate ACE_USDT	+0.0710%	4h	0.1725	+0.090%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.0764%	1h	0.1724	+0.050%	$50K	$630K	10x	as long as short