Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0959%/8h= −105.0% APRpaid last 24h −0.894%

Price spread now: BloFin against Kraken Futures−0.124%57s7-day average −0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as 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−$1601.604% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.064%−$106 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.124%, 7d avg −0.176%

Together, before fees−1.078%−$108 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.053% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.124% now, against its 7-day average of −0.176%): +$5 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 57 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	0.1721	0.1097	pay 0.0137% / 1h	24m 07s	$51K	$629K	10x
Short	BloFin ACE-USDT	0.1719	0.0139	get 0.0069% / 4h	2h 24m	$452K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$201.3
Price spread: −0.124% → −0.176%: $5.26
Slippage, 4 orders: −$138.43
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$356.47
Costs to cover: 1.604%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 64 min ago; BloFin: live order book, 61 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, 64 min ago	17.05 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 61 min ago	0.87 bp	23.3 bp −$23	doesn't fit	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	0.1722	+0.062%	$409K	$385K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1720	−0.038%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1721	−0.023%	$8.5M	$17.8M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1720	−0.031%	$13.9M	$794K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1722	+0.050%	$2.0M	$519K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1721	+0.004%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1722	+0.047%	$135K	$25K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1711	−0.595%	$15K	$152K	20x	as long as short
BloFin ACE-USDTshort	+0.0139%	4h	0.1719	−0.124%	$452K	$71K	20x
BingX ACE-USDT	+0.0540%	4h	0.1721	+0.010%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0604%	4h	0.1723	+0.109%	$2.5M	$2.5M	25x	as long as short
Gate ACE_USDT	+0.0744%	4h	0.1722	+0.062%	$1.1M	$1.9M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.1097%	1h	0.1721	long leg	$51K	$629K	10x