Funding arb · Price arb /

ACE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Bitget−0.058%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$820.816% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.315%+$31 · spread now −0.058%, 7d avg +0.026%

Together, before fees+0.372%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 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 0.083% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ACEUSDT	0.1730	0.0100	pay 0.0050% / 4h	1h 47m	$1.6M	$2.2M	10x
Short	Hyperliquid ACE	0.1729	0.0100	get 0.0013% / 1h	47m 20s	$375K	$405K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee HyperliquidbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → +0.026%: −$8.33
Slippage, 4 orders: −$60.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$89.98
Costs to cover: 0.816%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Hyperliquid: live order book, 53 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 Bitget live order book, 5 min ago	2.89 bp	21.3 bp −$21	131.9 bp −$1,319	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 53 min ago	2.91 bp	15.2 bp −$15	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	+0.0081%	4h	0.1729	−0.052%	—	$69K	20x	as long as short
Hyperliquid ACEshort	+0.0100%	1h	0.1729	−0.058%	$375K	$405K	3x
Aster ACEUSDT	+0.0100%	4h	0.1729	−0.045%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1729	−0.051%	$8.6M	$18.3M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1728	−0.110%	$13.9M	$782K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1730	+0.006%	$2.0M	$514K	20x	as long as short
Bitget ACEUSDTlong	+0.0100%	4h	0.1730	long leg	$1.6M	$2.2M	10x
Variational Omni ACE	+0.0100%	4h	0.1731	+0.033%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1723	−0.399%	$16K	$105K	20x	as long as short
Bybit ACEUSDT	+0.0188%	4h	0.1731	+0.052%	$2.5M	$2.7M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ACE-USDT	+0.0216%	4h	0.1731	+0.029%	—	$1.4M	—	as long as short
Kraken Futures PF_ACEUSD	+0.1010%	1h	0.1731	+0.067%	$48K	$632K	10x	as long as short
Gate ACE_USDT	+0.1010%	4h	0.1732	+0.116%	$1.1M	$1.8M	25x	as long as short