Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Variational Omni+0.300%7-day average −0.026% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.340%−$34 on $10k

Price spread, last 4 days (all we have)−0.426%−$43 · spread now +0.300%, 7d avg −0.026%

Together, before fees−0.766%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.326% dearer against Variational Omni than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.026%. Mind the row above: over the last 3 days funding on this pair cost −0.340%, 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	Variational Omni ACE	0.1737	0.0100	pay 0.0050% / 4h	58m 26s	$116K	$44K	—
Short	Hyperliquid ACE	0.1742	0.0210	get 0.0026% / 1h	58m 26s	$380K	$419K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.300%Rate

Funding earned: $23.12
Price spread: +0.300% → −0.026%: $32.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $46.68
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Hyperliquid: live order book, 32 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 Variational Omni RFQ quote, just now	5.74 bp	doesn't fit	481.9 bp −$4,819	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 32 min ago	5.74 bp	17.5 bp −$17	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	+0.0099%	4h	0.1739	+0.144%	$467K	$73K	20x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1741	+0.254%	$24K	$37K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1741	+0.239%	$8.7M	$18.6M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1751	+0.818%	$14.1M	$782K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1740	+0.173%	$2.0M	$531K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1751	+0.818%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACElong	+0.0100%	4h	0.1737	long leg	$116K	$44K	—
HTX ACE-USDT	+0.0100%	4h	0.1727	−0.570%	$16K	$97K	20x	as long as short
Hyperliquid ACEshort	+0.0210%	1h	0.1742	+0.300%	$380K	$419K	3x
BingX ACE-USDT	+0.0270%	4h	0.1753	+0.927%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0297%	4h	0.1744	+0.398%	$2.6M	$2.8M	25x	as long as short
Gate ACE_USDT	+0.1066%	4h	0.1742	+0.300%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1470%	1h	0.1741	+0.259%	$49K	$653K	10x	as long as short