Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0673%/8h= +73.7% APRpaid last 24h +0.964%

Price spread now: Kraken Futures against BingX−0.014%7-day average +0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1151.149% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+0.277%+$28 · spread now −0.014%, 7d avg +0.099%

Together, before fees+0.424%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.113% cheaper against BingX than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.099%). If the spread goes back, that is −$11 on $10k: about 13 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.147% in total) that is about 5.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.147% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ACE-USDT	0.1740	0.0470	pay 0.0235% / 4h	1m 53s	—	$1.5M	—
Short	Kraken Futures PF_ACEUSD	0.1740	0.1143	get 0.0143% / 1h	1m 53s	$41K	$711K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.014%Rate

Funding earned: $141.31
Price spread: −0.014% → +0.099%: −$11.31
Slippage, 4 orders: −$94.94
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $15.06
Costs to cover: 1.149%
Break-even: 6.3 days

Slippage from BingX: live order book, 10 min ago; Kraken Futures: live order book, 36 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	4.32 bp	19.1 bp −$19	64.0 bp −$640	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 36 min ago	13.55 bp	32.4 bp −$32	279.8 bp −$2,798	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 ACE	+0.0100%	1h	0.1739	−0.052%	$355K	$453K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1738	−0.115%	$17K	$43K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1739	−0.057%	$8.6M	$20.1M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1739	−0.063%	$14.0M	$792K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1738	−0.121%	$1.9M	$570K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1740	+0.006%	$1.6M	$2.3M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1733	−0.376%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1732	−0.471%	$16K	$47K	20x	as long as short
BloFin ACE-USDT	+0.0143%	4h	0.1736	−0.218%	$468K	$68K	20x	as long as short
BingX ACE-USDTlong	+0.0470%	4h	0.1740	long leg	—	$1.5M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0479%	4h	0.1740	0.000%	$2.6M	$3.1M	25x	as long as short
Gate ACE_USDT	+0.0808%	4h	0.1740	+0.006%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDshort	+0.1143%	1h	0.1740	−0.014%	$41K	$711K	10x