Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0432%/8h= +47.3% APRpaid last 24h +0.890%

Price spread now: Kraken Futures against BingX−0.035%7-day average +0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$770.768% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 3 days (all we have)+0.336%+$34 · spread now −0.035%, 7d avg +0.114%

Together, before fees+0.440%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.149% cheaper against BingX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.114%). If the spread goes back, that is −$15 on $10k: about 28 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.104% in total) that is about 10 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ACE-USDT	0.1735	0.0100	pay 0.0050% / 4h	3h 27m	—	$1.4M	—
Short	Kraken Futures PF_ACEUSD	0.1734	0.0532	get 0.0067% / 1h	27m 56s	$48K	$633K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.035%Rate

Funding earned: $90.75
Price spread: −0.035% → +0.114%: −$14.87
Slippage, 4 orders: −$56.81
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$0.93
Costs to cover: 0.768%
Break-even: 7.1 days

Slippage from BingX: live order book, 2 min ago; Kraken Futures: live order book, 45 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 BingX live order book, 2 min ago	3.17 bp	19.6 bp −$20	66.2 bp −$662	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 45 min ago	6.66 bp	17.8 bp −$18	100.6 bp −$1,006	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	0.1735	0.000%	$401K	$388K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1734	−0.079%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1734	−0.055%	$8.6M	$18.2M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1734	−0.035%	$14.0M	$789K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1736	+0.035%	$2.0M	$522K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1735	0.000%	$1.6M	$2.2M	10x	as long as short
BingX ACE-USDTlong	+0.0100%	4h	0.1735	long leg	—	$1.4M	—
Variational Omni ACE	+0.0100%	4h	0.1733	−0.116%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1728	−0.409%	$16K	$124K	20x	as long as short
BloFin ACE-USDT	+0.0115%	4h	0.1734	−0.029%	$459K	$70K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0126%	4h	0.1735	0.000%	$2.5M	$2.6M	25x	as long as short
Kraken Futures PF_ACEUSDshort	+0.0532%	1h	0.1734	−0.035%	$48K	$633K	10x
Gate ACE_USDT	+0.0942%	4h	0.1736	+0.058%	$1.1M	$1.8M	25x	as long as short