Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1021%/8h= +111.8% APRpaid last 24h +0.988%

Price spread now: Kraken Futures against Bitget+0.013%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.837%+$84 on $10k

Price spread, last 4 days (all we have)+0.307%+$31 · spread now +0.013%, 7d avg +0.113%

Together, before fees+1.144%+$114 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.100% cheaper against Bitget than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.113%). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.837% in total) that is about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ACEUSDT	0.1774	0.0100	pay 0.0050% / 4h	52m 37s	$1.6M	$2.2M	10x
Short	Kraken Futures PF_ACEUSD	0.1774	0.1121	get 0.0140% / 1h	52m 37s	$45K	$706K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.013%Rate

Funding earned: $214.33
Price spread: +0.013% → +0.113%: −$9.95
Slippage, 4 orders: −$74.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $107.54
Costs to cover: 0.968%
Break-even: 3.5 days

Slippage from Bitget: live order book, 5 min ago; Kraken Futures: live order book, 50 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	5.61 bp	25.9 bp −$26	159.2 bp −$1,592	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 50 min ago	5.67 bp	19.2 bp −$19	128.5 bp −$1,285	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	+0.0093%	4h	0.1777	+0.158%	$479K	$69K	20x	as long as short
Hyperliquid ACE	+0.0100%	1h	0.1777	+0.169%	$367K	$440K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1776	+0.089%	$17K	$44K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1776	+0.107%	$8.8M	$19.5M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1776	+0.107%	$14.3M	$769K	20x	as long as short
Bitget ACEUSDTlong	+0.0100%	4h	0.1774	long leg	$1.6M	$2.2M	10x
HTX ACE-USDT	+0.0100%	4h	0.1772	−0.090%	$16K	$56K	20x	as long as short
Variational Omni ACE	+0.0124%	4h	0.1777	+0.165%	$119K	$44K	—	as long as short
KuCoin ACEUSDTM	+0.0156%	4h	0.1775	+0.062%	$1.9M	$556K	20x	as long as short
Bybit ACEUSDT	+0.0688%	4h	0.1777	+0.152%	$2.7M	$3.0M	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	+0.0724%	4h	0.1774	+0.011%	—	$1.5M	—	as long as short
Gate ACE_USDT	+0.0842%	4h	0.1776	+0.113%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDshort	+0.1121%	1h	0.1774	+0.013%	$45K	$706K	10x