Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0799%/8h= −87.5% APRpaid last 24h −0.880%

Price spread now: Bitget against Kraken Futures+0.227%7-day average −0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.788%−$79 on $10k

Price spread, last 3 days (all we have)−0.619%−$62 · spread now +0.227%, 7d avg −0.124%

Together, before fees−1.407%−$141 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.351% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.227% now, against its 7-day average of −0.124%): +$35 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.788% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ACEUSD	0.1723	0.0899	pay 0.0112% / 1h	29m 44s	$48K	$631K	10x
Short	Bitget ACEUSDT	0.1727	0.0100	get 0.0050% / 4h	29m 44s	$1.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.227%Rate

Funding earned: −$167.78
Price spread: +0.227% → −0.124%: $35.05
Slippage, 4 orders: −$67.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$221.76
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 48 min ago; Bitget: live order book, 2 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, 48 min ago	4.69 bp	31.7 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.90 bp	18.0 bp −$18	53.7 bp −$537	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 ACE	+0.0100%	1h	0.1726	+0.169%	$406K	$387K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1724	+0.046%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1726	+0.164%	$8.5M	$18.0M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1725	+0.111%	$13.9M	$788K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1724	+0.035%	$2.0M	$516K	20x	as long as short
Bitget ACEUSDTshort	+0.0100%	4h	0.1727	+0.227%	$1.6M	$2.2M	10x
Variational Omni ACE	+0.0100%	4h	0.1723	−0.029%	$115K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1715	−0.476%	$15K	$135K	20x	as long as short
Bybit ACEUSDT	+0.0106%	4h	0.1727	+0.203%	$2.4M	$2.6M	25x	as long as short
BloFin ACE-USDT	+0.0108%	4h	0.1722	−0.087%	$452K	$70K	20x	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	+0.0134%	4h	0.1725	+0.134%	—	$1.4M	—	as long as short
Gate ACE_USDT	+0.0424%	4h	0.1724	+0.053%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.0899%	1h	0.1723	long leg	$48K	$631K	10x