Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0910%/8h= −99.6% APRpaid last 24h −0.019%

Price spread now: Hyperliquid against Gate−0.173%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1411.407% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.173%, 7d avg +0.015%

Together, before fees+0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Hyperliquid is 0.188% cheaper against Gate than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.0% 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	Gate ACE_USDT	0.1732	0.1010	pay 0.0505% / 4h	1h 47m	$1.1M	$1.8M	25x
Short	Hyperliquid ACE	0.1729	0.0100	get 0.0013% / 1h	47m 18s	$375K	$405K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$191.1
Price spread: −0.173% → +0.015%: −$18.85
Slippage, 4 orders: −$116.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$350.63
Costs to cover: 1.407%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 5 min ago	2.88 bp	55.8 bp −$56	doesn't fit	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	−0.167%	—	$69K	20x	as long as short
Hyperliquid ACEshort	+0.0100%	1h	0.1729	−0.173%	$375K	$405K	3x
Aster ACEUSDT	+0.0100%	4h	0.1729	−0.160%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1729	−0.167%	$8.6M	$18.3M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1728	−0.225%	$13.9M	$782K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1730	−0.110%	$2.0M	$514K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1730	−0.115%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1731	−0.083%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1723	−0.514%	$16K	$105K	20x	as long as short
Bybit ACEUSDT	+0.0188%	4h	0.1731	−0.064%	$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	−0.087%	—	$1.4M	—	as long as short
Kraken Futures PF_ACEUSD	+0.1010%	1h	0.1731	−0.048%	$48K	$632K	10x	as long as short
Gate ACE_USDTlong	+0.1010%	4h	0.1732	long leg	$1.1M	$1.8M	25x