Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against KuCoin−0.090%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$261as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2682.677% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.090%, 7d avg +0.032%

Together, before fees+0.167%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.122% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ACEUSDTM	0.1776	0.0100	pay 0.0050% / 4h	2h 42m	$2.0M	$541K	20x
Short	Hyperliquid ACE	0.1774	0.0100	get 0.0013% / 1h	42m 58s	$374K	$425K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → +0.032%: −$12.22
Slippage, 4 orders: −$246.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$279.91
Costs to cover: 2.677%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Hyperliquid: live order book, 27 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 KuCoin live order book, 8 min ago	6.74 bp	108.1 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 27 min ago	5.66 bp	18.8 bp −$19	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
BloFin ACE-USDT	+0.0045%	4h	0.1774	−0.084%	$477K	$62K	20x	as long as short
Hyperliquid ACEshort	+0.0100%	1h	0.1774	−0.090%	$374K	$425K	3x
Aster ACEUSDT	+0.0100%	4h	0.1775	−0.048%	$20K	$42K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1774	−0.112%	$8.9M	$19.0M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1773	−0.146%	$14.3M	$780K	20x	as long as short
KuCoin ACEUSDTMlong	+0.0100%	4h	0.1776	long leg	$2.0M	$541K	20x
Bitget ACEUSDT	+0.0100%	4h	0.1773	−0.146%	$1.6M	$2.2M	10x	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1773	−0.135%	$16K	$74K	20x	as long as short
Variational Omni ACE	+0.0283%	4h	0.1777	+0.098%	$119K	$44K	—	as long as short
Gate ACE_USDT	+0.0532%	4h	0.1775	−0.034%	$1.2M	$1.8M	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	+0.0533%	4h	0.1774	−0.096%	—	$1.4M	—	as long as short
Bybit ACEUSDT	+0.0534%	4h	0.1774	−0.084%	$2.7M	$2.9M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.0863%	1h	0.1773	−0.130%	$44K	$668K	10x	as long as short