Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0478%/8h= −52.3% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against BingX+0.040%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.592%−$59 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.040%, 7d avg +0.014%

Together, before fees−0.568%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.026% dearer against BingX than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of +0.014%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ACE-USDT	0.1734	0.0578	pay 0.0289% / 4h	6m 39s	—	$1.4M	—
Short	Hyperliquid ACE	0.1735	0.0100	get 0.0013% / 1h	6m 39s	$368K	$426K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$100.38
Price spread: +0.040% → +0.014%: $2.59
Slippage, 4 orders: −$54.3
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$171.08
Costs to cover: 0.733%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Hyperliquid: live order book, 13 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 BingX live order book, 10 min ago	3.17 bp	17.2 bp −$17	57.9 bp −$579	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 13 min ago	5.75 bp	19.9 bp −$20	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
BloFin ACE-USDT	+0.0047%	4h	0.1735	+0.023%	$465K	$65K	20x	as long as short
Hyperliquid ACEshort	+0.0100%	1h	0.1735	+0.040%	$368K	$426K	3x
Aster ACEUSDT	+0.0100%	4h	0.1736	+0.082%	$24K	$37K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1734	−0.041%	$8.6M	$18.6M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1734	−0.035%	$14.0M	$786K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1735	+0.058%	$1.9M	$531K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1735	+0.040%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1738	+0.232%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1734	−0.040%	$16K	$89K	20x	as long as short
BingX ACE-USDTlong	+0.0578%	4h	0.1734	long leg	—	$1.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0614%	4h	0.1736	+0.069%	$2.5M	$2.8M	25x	as long as short
Gate ACE_USDT	+0.1070%	4h	0.1736	+0.098%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1475%	1h	0.1735	+0.023%	$45K	$648K	10x	as long as short