Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0905%/8h= −99.1% APRpaid last 24h −0.971%

Price spread now: Binance against Kraken Futures+0.057%54s7-day average −0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$850.845% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−1.083%−$108 on $10k

Price spread, last 4 days (all we have)−0.417%−$42 · spread now +0.057%, 7d avg −0.144%

Together, before fees−1.499%−$150 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.201% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.144%): +$20 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 18 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ACEUSD	0.1767	0.1005	pay 0.0126% / 1h	7m 23s	$45K	$696K	10x
Short	Binance ACEUSDT	0.1768	0.0100	get 0.0050% / 4h	1h 07m	$8.8M	$19.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: −$189.98
Price spread: +0.057% → −0.144%: $20.1
Slippage, 4 orders: −$64.51
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$254.38
Costs to cover: 0.845%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 36 min ago; Binance: live order book, 3 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 Kraken Futures live order book, 36 min ago	5.67 bp	28.4 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.28 bp	19.1 bp −$19	101.3 bp −$1,013	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	+0.0092%	4h	0.1767	−0.009%	$474K	$65K	20x	as long as short
Hyperliquid ACE	+0.0100%	1h	0.1767	+0.014%	$370K	$430K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1767	+0.040%	$17K	$44K	5x	as long as short
Binance ACEUSDTshort	+0.0100%	4h	0.1768	+0.057%	$8.8M	$19.3M	20x
MEXC ACE_USDT	+0.0100%	4h	0.1767	+0.014%	$14.2M	$783K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1767	+0.020%	$1.9M	$551K	20x	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1760	−0.382%	$16K	$58K	20x	as long as short
Bitget ACEUSDT	+0.0122%	4h	0.1766	−0.043%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0178%	4h	0.1768	+0.047%	$118K	$44K	—	as long as short
BingX ACE-USDT	+0.0782%	4h	0.1767	+0.020%	—	$1.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0837%	4h	0.1769	+0.150%	$2.6M	$3.0M	25x	as long as short
Gate ACE_USDT	+0.0912%	4h	0.1770	+0.184%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.1005%	1h	0.1767	long leg	$45K	$696K	10x