ACE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0573%/8h= −62.7% APRnext payment −$0.72 per $10,000 · paid last 24h −0.970%

Price spread now: Hyperliquid against Kraken Futures+0.157%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

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

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.590%−$59 on $10k

Price spread, last 4 days (all we have)−0.661%−$66 · spread now +0.157%, 7d avg −0.083%

Together, before fees−1.252%+ Points / potential airdropHyperliquid: Season 2 · farm board−$125 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.239% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of −0.083%): +$24 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.590% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ACEUSD	0.1721	0.0673	pay 0.0084% / 1h	31m 57s	$43K	$625K	10x
Short	Hyperliquid ACE	0.1724	0.0100	get 0.0013% / 1h	31m 57s	$352K	$429K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.157%Rate

Funding earned: −$120.34
Price spread: +0.157% → −0.083%: $23.94
Slippage, 4 orders: −$65.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$180.89
Costs to cover: 0.845%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 14 min ago; Hyperliquid: live order book, 75 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, 14 min ago	4.63 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 75 min ago	2.88 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit

ACE on 13 exchanges

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	+0.0048%	4h	0.1726	+0.279%	$466K	$66K	20x	as long as short
Hyperliquid ACEshort	+0.0100%	1h	0.1724	+0.157%	$352K	$429K	3x
Aster ACEUSDT	+0.0100%	4h	0.1722	+0.027%	$17K	$43K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1722	+0.041%	$8.4M	$18.5M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1722	+0.035%	$13.9M	$695K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1723	+0.099%	$1.6M	$2.1M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1730	+0.521%	$116K	$43K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1723	+0.087%	$15K	$33K	20x	as long as short
Bybit ACEUSDT	+0.0125%	4h	0.1723	+0.116%	$2.5M	$2.8M	25x	as long as short
BingX ACE-USDT	+0.0156%	4h	0.1723	+0.093%	—	$1.4M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ACEUSDTM	+0.0226%	4h	0.1724	+0.151%	$1.9M	$516K	20x	as long as short
Gate ACE_USDT	+0.0594%	4h	0.1723	+0.099%	$1.1M	$1.7M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.0673%	1h	0.1721	long leg	$43K	$625K	10x