Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Hyperliquid−0.623%7-day average +0.028% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.342%+$34 on $10k

Price spread, last 3 days (all we have)+0.771%+$77 · spread now −0.623%, 7d avg +0.028%

Together, before fees+1.113%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$111 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.651% cheaper against Hyperliquid than usual: you would sell low and buy high, −$65 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ACE	0.1720	0.0100	pay 0.0013% / 1h	52m 07s	$372K	$398K	3x
Short	Variational Omni ACE	0.1709	0.0100	get 0.0050% / 4h	2h 52m	$114K	$44K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.623%Rate

Funding earned: $0
Price spread: −0.623% → +0.028%: −$65.07
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$74.07
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 58 min ago; Variational Omni: RFQ quote, 17 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 17 min ago	5.78 bp	doesn't fit	340.8 bp −$3,408	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	0.1720	long leg	$372K	$398K	3x
Aster ACEUSDT	+0.0100%	4h	0.1722	+0.112%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1718	−0.088%	$8.5M	$18.1M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1718	−0.099%	$13.9M	$783K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1720	+0.023%	$2.0M	$518K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1719	−0.058%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACEshort	+0.0100%	4h	0.1709	−0.623%	$114K	$44K	—
HTX ACE-USDT	+0.0100%	4h	0.1712	−0.483%	$15K	$117K	20x	as long as short
BingX ACE-USDT	+0.0112%	4h	0.1719	−0.029%	—	$1.4M	—	as long as short
Bybit ACEUSDT	+0.0126%	4h	0.1719	−0.029%	$2.5M	$2.6M	25x	as long as short

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	+0.047%	$460K	$70K	20x	as long as short
Gate ACE_USDT	+0.0808%	4h	0.1721	+0.058%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.0903%	1h	0.1718	−0.088%	$48K	$631K	10x	as long as short