Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Bitget+0.056%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.056%, 7d avg +0.026%

Together, before fees+0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 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 0.031% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ACEUSDT	0.1776	0.0100	pay 0.0050% / 4h	3h 12m	$1.6M	$2.2M	10x
Short	Hyperliquid ACE	0.1777	0.0100	get 0.0013% / 1h	12m 43s	$376K	$422K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.026%: $3.07
Slippage, 4 orders: −$65.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$83.8
Costs to cover: 0.869%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Hyperliquid: live order book, 67 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 Bitget live order book, 4 min ago	2.82 bp	28.1 bp −$28	180.2 bp −$1,802	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 67 min ago	5.75 bp	19.9 bp −$20	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
Hyperliquid ACEshort	+0.0100%	1h	0.1777	+0.056%	$376K	$422K	3x
Aster ACEUSDT	+0.0100%	4h	0.1773	−0.157%	$23K	$40K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1775	−0.029%	$8.9M	$18.8M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1774	−0.113%	$14.3M	$788K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1771	−0.259%	$2.0M	$541K	20x	as long as short
Bitget ACEUSDTlong	+0.0100%	4h	0.1776	long leg	$1.6M	$2.2M	10x
HTX ACE-USDT	+0.0100%	4h	0.1761	−0.828%	$16K	$79K	20x	as long as short
BloFin ACE-USDT	+0.0101%	4h	0.1773	−0.191%	$475K	$67K	20x	as long as short
Variational Omni ACE	+0.0292%	4h	0.1772	−0.229%	$118K	$44K	—	as long as short
Kraken Futures PF_ACEUSD	+0.0451%	1h	0.1774	−0.098%	$44K	$661K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ACE_USDT	+0.0686%	4h	0.1775	−0.056%	$1.2M	$1.8M	25x	as long as short
BingX ACE-USDT	+0.0930%	4h	0.1775	−0.045%	—	$1.4M	—	as long as short
Bybit ACEUSDT	+0.1101%	4h	0.1777	+0.028%	$2.7M	$2.9M	25x	as long as short