Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0999%/8h= +109.4% APRpaid last 24h +0.882%

Price spread now: Kraken Futures against Variational Omni−0.231%7-day average +0.075% · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.420%+$42 on $10k

Price spread, last 3 days (all we have)+0.523%+$52 · spread now −0.231%, 7d avg +0.075%

Together, before fees+0.942%+ Points / potential airdropVariational Omni: Active · farm board+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.307% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of +0.075%). If the spread goes back, that is −$31 on $10k: about 25 hours of funding at the current rate (+$30 a day). At the pace of the last 3 days (+0.420% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ACE	0.1723	0.0100	pay 0.0050% / 4h	2h 36m	$135K	$25K	—
Short	Kraken Futures PF_ACEUSD	0.1719	0.1099	get 0.0137% / 1h	36m 10s	$50K	$629K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.231%Rate

Funding earned: $209.72
Price spread: −0.231% → +0.075%: −$30.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $169.05
Costs to cover: 0.100%
Break-even: 1.4 days

Slippage unknown: Variational Omni: RFQ quote, 52 min ago; Kraken Futures: live order book, 52 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, 52 min ago	5.75 bp	doesn't fit	396.6 bp −$3,966	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 52 min ago	17.05 bp	52.3 bp −$52	193.2 bp −$1,932	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
Hyperliquid ACE	+0.0100%	1h	0.1719	−0.224%	$409K	$385K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1719	−0.242%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1719	−0.228%	$8.5M	$17.8M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1719	−0.253%	$13.8M	$793K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1718	−0.282%	$2.0M	$519K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1719	−0.224%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACElong	+0.0100%	4h	0.1723	long leg	$135K	$25K	—
HTX ACE-USDT	+0.0100%	4h	0.1711	−0.694%	$15K	$154K	20x	as long as short
BloFin ACE-USDT	+0.0133%	4h	0.1718	−0.299%	$452K	$71K	20x	as long as short
BingX ACE-USDT	+0.0368%	4h	0.1719	−0.236%	—	$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	+0.0399%	4h	0.1721	−0.102%	$2.5M	$2.5M	25x	as long as short
Gate ACE_USDT	+0.0612%	4h	0.1720	−0.166%	$1.1M	$1.9M	25x	as long as short
Kraken Futures PF_ACEUSDshort	+0.1099%	1h	0.1719	−0.231%	$50K	$629K	10x