Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0474%/8h= +51.9% APRpaid last 24h 0.000%

Price spread now: BingX against Hyperliquid−0.052%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$810.812% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.580%+$58 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.052%, 7d avg −0.015%

Together, before fees+0.568%+ Points / potential airdropHyperliquid: Season 2 · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.038% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of −0.015%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ACE	0.1722	0.0100	pay 0.0013% / 1h	18m 33s	$409K	$385K	3x
Short	BingX ACE-USDT	0.1721	0.0574	get 0.0287% / 4h	2h 18m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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 HyperliquidbpFee BingXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $99.54
Price spread: −0.052% → −0.015%: −$3.76
Slippage, 4 orders: −$62.17
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: $14.61
Costs to cover: 0.812%
Break-even: 6.0 days

Slippage from Hyperliquid: live order book, 65 min ago; BingX: live order book, 8 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 Hyperliquid live order book, 65 min ago	5.81 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.68 bp	24.1 bp −$24	55.7 bp −$557	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 ACElong	+0.0100%	1h	0.1722	long leg	$409K	$385K	3x
Aster ACEUSDT	+0.0100%	4h	0.1721	−0.058%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1720	−0.128%	$8.5M	$17.8M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1720	−0.134%	$13.9M	$796K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1722	+0.012%	$2.0M	$519K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1720	−0.116%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1725	+0.166%	$136K	$25K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1716	−0.325%	$15K	$151K	20x	as long as short
BloFin ACE-USDT	+0.0146%	4h	0.1721	−0.070%	$452K	$71K	20x	as long as short
BingX ACE-USDTshort	+0.0574%	4h	0.1721	−0.052%	—	$1.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0585%	4h	0.1721	−0.029%	$2.5M	$2.5M	25x	as long as short
Gate ACE_USDT	+0.0764%	4h	0.1723	+0.058%	$1.1M	$1.9M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1097%	1h	0.1722	−0.001%	$51K	$629K	10x	as long as short