Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h −0.008%

Price spread now: Bybit against Hyperliquid−0.012%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1501.496% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.012%, 7d avg +0.023%

Together, before fees−0.177%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.034% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.023%). If the spread goes back, that is −$3 on $10k: about 4.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.168%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ACE	0.1721	0.0100	pay 0.0013% / 1h	52m 24s	$373K	$398K	3x
Short	Bybit ACEUSDT	0.1721	0.0126	get 0.0063% / 4h	2h 52m	$2.5M	$2.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.012%Rate

Funding earned: $5.52
Price spread: −0.012% → +0.023%: −$3.43
Slippage, 4 orders: −$129.59
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$147.49
Costs to cover: 1.496%
Break-even: 193.9 days

Slippage from Hyperliquid: live order book, 58 min ago; Bybit: live order book, 5 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, 58 min ago	5.78 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.34 bp	53.5 bp −$54	378.4 bp −$3,784	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	0.1721	long leg	$373K	$398K	3x
Aster ACEUSDT	+0.0100%	4h	0.1725	+0.230%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1719	−0.134%	$8.5M	$18.1M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1721	−0.012%	$13.9M	$782K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1722	+0.046%	$2.0M	$518K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1719	−0.116%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1709	−0.681%	$114K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1701	−1.168%	$15K	$117K	20x	as long as short
BingX ACE-USDT	+0.0114%	4h	0.1721	−0.006%	—	$1.4M	—	as long as short
Bybit ACEUSDTshort	+0.0126%	4h	0.1721	−0.012%	$2.5M	$2.6M	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ACE-USDT	+0.0144%	4h	0.1721	−0.012%	$460K	$70K	20x	as long as short
Gate ACE_USDT	+0.0808%	4h	0.1722	+0.058%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.0903%	1h	0.1718	−0.146%	$48K	$631K	10x	as long as short