Settings8H · net · $10k
Funding arb · Price arb /

ACE

all ACE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.011%
Price spread now: Hyperliquid against BloFin+0.140%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$740.736% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.366%+$37 on $10k
Price spread, last 3 days (all we have)−0.292%−$29 · spread now +0.140%, 7d avg +0.078%
Together, before fees+0.074%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.062% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ACE-USDT0.17200.0078pay 0.0039% / 4h2h 17m$452K$71K20x
ShortHyperliquid ACE0.17220.0100get 0.0013% / 1h17m 06s$409K$385K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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

Funding earned
$4.53
Price spread: +0.140% → +0.078%
$6.2
Slippage, 4 orders
−$52.55
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$62.83
Costs to cover
0.736%
Break-even
104.2 days
Slippage from BloFin: live order book, 4 min ago; Hyperliquid: live order book, 67 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago0.29 bp20.0 bp −$20doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 67 min ago5.81 bp16.5 bp −$17doesn't fitdoesn't fitdoesn't fit

ACE on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin ACE-USDTlong+0.0078%4h0.1720long leg$452K$71K20x
Hyperliquid ACEshort+0.0100%1h0.1722+0.140%$409K$385K3x
Aster ACEUSDT+0.0100%4h0.1721+0.076%$27K$33K5xas long as short
Binance ACEUSDT+0.0100%4h0.1720+0.012%$8.5M$17.8M20xas long as short
MEXC ACE_USDT+0.0100%4h0.1720+0.023%$13.9M$807K20xas long as short
KuCoin ACEUSDTM+0.0100%4h0.1722+0.128%$2.0M$519K20xas long as short
Bitget ACEUSDT+0.0100%4h0.1721+0.081%$1.6M$2.2M10xas long as short
Variational Omni ACE+0.0100%4h0.1725+0.306%$136K$25Kas long as short
HTX ACE-USDT+0.0100%4h0.1713−0.390%$15K$151K20xas long as short
BingX ACE-USDT+0.0568%4h0.1722+0.116%$1.4Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ACEUSDT+0.0575%4h0.1721+0.093%$2.5M$2.5M25xas long as short
Gate ACE_USDT+0.0774%4h0.1721+0.081%$1.1M$1.9M25xas long as short
Kraken Futures PF_ACEUSD+0.1097%1h0.1721+0.076%$50K$630K10xas long as short