Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0638%/8h= +69.9% APRpaid last 24h −0.893%

Price spread now: Gate against Kraken Futures+0.186%7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1571.574% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.537%−$54 on $10k

Price spread, last 4 days (all we have)−0.668%−$67 · spread now +0.186%, 7d avg −0.107%

Together, before fees−1.206%−$121 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Gate is 0.292% dearer against Kraken Futures than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.107%. Mind the row above: over the last 7 days funding on this pair cost −0.537%, 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	Kraken Futures PF_ACEUSD	0.1766	0.0454	pay 0.0057% / 1h	31m 58s	$44K	$656K	10x
Short	Gate ACE_USDT	0.1769	0.1092	get 0.0546% / 4h	3h 31m	$1.2M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.186%Rate

Funding earned: $134.05
Price spread: +0.186% → −0.107%: $29.23
Slippage, 4 orders: −$132.36
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $5.91
Costs to cover: 1.574%
Break-even: 6.7 days

Slippage from Kraken Futures: live order book, 21 min ago; Gate: live order book, 1 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, 21 min ago	9.65 bp	33.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.83 bp	36.1 bp −$36	123.8 bp −$1,238	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	0.1766	+0.016%	$375K	$421K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1767	+0.050%	$24K	$37K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1766	−0.001%	$8.8M	$18.7M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1765	−0.024%	$14.2M	$784K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1768	+0.146%	$2.0M	$539K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1767	+0.072%	$1.6M	$2.2M	10x	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1762	−0.200%	$16K	$83K	20x	as long as short
BloFin ACE-USDT	+0.0158%	4h	0.1768	+0.123%	$474K	$66K	20x	as long as short
Variational Omni ACE	+0.0204%	4h	0.1767	+0.100%	$118K	$44K	—	as long as short
Kraken Futures PF_ACEUSDlong	+0.0454%	1h	0.1766	long leg	$44K	$656K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ACE-USDT	+0.0616%	4h	0.1767	+0.084%	—	$1.4M	—	as long as short
Gate ACE_USDTshort	+0.1092%	4h	0.1769	+0.186%	$1.2M	$1.8M	25x
Bybit ACEUSDT	+0.1150%	4h	0.1768	+0.106%	$2.6M	$2.9M	25x	as long as short