Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0799%/8h= +87.5% APRpaid last 24h +0.892%

Price spread now: Kraken Futures against MEXC+0.051%51s7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs+$43as 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−$660.662% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.089%+$109 on $10k

Price spread, last 3 days (all we have)+0.390%+$39 · spread now +0.051%, 7d avg +0.164%

Together, before fees+1.479%+$148 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.113% cheaper against MEXC than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.164%). If the spread goes back, that is −$11 on $10k: about 11 hours of funding at the current rate (+$24 a day). The two prices were read 51 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	MEXC ACE_USDT	0.1723	0.0100	pay 0.0050% / 4h	48m 24s	$13.9M	$785K	20x
Short	Kraken Futures PF_ACEUSD	0.1723	0.0899	get 0.0112% / 1h	48m 24s	$49K	$631K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.051%Rate

Funding earned: $167.74
Price spread: +0.051% → +0.164%: −$11.3
Slippage, 4 orders: −$56.2
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $90.24
Costs to cover: 0.662%
Break-even: 3.2 days

Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 30 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 MEXC live order book, 5 min ago	1.45 bp	7.5 bp −$7	36.7 bp −$367	132.9 bp −$13.3K	doesn't fit
Sell Kraken Futures live order book, 30 min ago	4.69 bp	19.4 bp −$19	110.9 bp −$1,109	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	+0.0091%	4h	0.1724	+0.058%	$450K	$70K	20x	as long as short
Hyperliquid ACE	+0.0100%	1h	0.1724	+0.081%	$406K	$387K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1722	−0.010%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1722	−0.006%	$8.5M	$18.0M	20x	as long as short
MEXC ACE_USDTlong	+0.0100%	4h	0.1723	long leg	$13.9M	$785K	20x
KuCoin ACEUSDTM	+0.0100%	4h	0.1724	+0.064%	$2.0M	$515K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1724	+0.081%	$1.6M	$2.3M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1723	+0.014%	$115K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1720	−0.128%	$15K	$138K	20x	as long as short
Bybit ACEUSDT	+0.0272%	4h	0.1723	+0.035%	$2.4M	$2.5M	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	+0.0346%	4h	0.1723	+0.023%	—	$1.4M	—	as long as short
Gate ACE_USDT	+0.0518%	4h	0.1724	+0.081%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDshort	+0.0899%	1h	0.1723	+0.051%	$49K	$631K	10x