Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1373%/8h= −150.3% APRpaid last 24h −0.940%

Price spread now: Variational Omni against Kraken Futures+1.096%7-day average −0.078% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.491%−$49 on $10k

Price spread, last 4 days (all we have)−1.713%−$171 · spread now +1.096%, 7d avg −0.078%

Together, before fees−2.204%+ Points / potential airdropVariational Omni: Active · farm board−$220 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 1.174% dearer against Kraken Futures than usual: you sell high and buy low (spread +1.096% now, against its 7-day average of −0.078%): +$117 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 3 days (−0.491% in total) that is about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ACEUSD	0.1738	0.1473	pay 0.0184% / 1h	52m 15s	$45K	$658K	10x
Short	Variational Omni ACE	0.1757	0.0100	get 0.0050% / 4h	52m 15s	$117K	$44K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +1.096%Rate

Funding earned: −$288.31
Price spread: +1.096% → −0.078%: $117.41
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$180.89
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 6 min ago; Variational Omni: RFQ quote, 7 min ago. Net counts fees only.

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, 6 min ago	4.00 bp	65.7 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 7 min ago	5.74 bp	doesn't fit	378.7 bp −$3,787	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	+0.0057%	4h	0.1741	+0.207%	$467K	$73K	20x	as long as short
Hyperliquid ACE	+0.0100%	1h	0.1739	+0.074%	$373K	$423K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1738	+0.004%	$24K	$37K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1737	−0.042%	$8.6M	$18.7M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1737	−0.012%	$14.0M	$783K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1738	+0.017%	$2.0M	$536K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1739	+0.074%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACEshort	+0.0100%	4h	0.1757	+1.096%	$117K	$44K	—
HTX ACE-USDT	+0.0100%	4h	0.1732	−0.328%	$15K	$96K	20x	as long as short
Bybit ACEUSDT	+0.0280%	4h	0.1740	+0.126%	$2.5M	$2.8M	25x	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	+0.0294%	4h	0.1739	+0.074%	—	$1.4M	—	as long as short
Gate ACE_USDT	+0.1030%	4h	0.1740	+0.132%	$1.2M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.1473%	1h	0.1738	long leg	$45K	$658K	10x