Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0866%/8h= +94.8% APRpaid last 24h +0.971%

Price spread now: Kraken Futures against Bitget−0.011%58s7-day average +0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as 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−$910.915% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.822%+$82 on $10k

Price spread, last 4 days (all we have)+0.331%+$33 · spread now −0.011%, 7d avg +0.113%

Together, before fees+1.154%+$115 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.124% cheaper against Bitget than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.113%). If the spread goes back, that is −$12 on $10k: about 11 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.822% in total) that is about 25 hours. The two prices were read 58 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	Bitget ACEUSDT	0.1790	0.0126	pay 0.0063% / 4h	1h 03m	$1.6M	$2.2M	10x
Short	Kraken Futures PF_ACEUSD	0.1790	0.0992	get 0.0124% / 1h	3m 22s	$45K	$698K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.011%Rate

Funding earned: $181.8
Price spread: −0.011% → +0.113%: −$12.43
Slippage, 4 orders: −$69.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $77.91
Costs to cover: 0.915%
Break-even: 4.0 days

Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 40 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	5.65 bp	23.9 bp −$24	136.6 bp −$1,366	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 40 min ago	5.67 bp	19.2 bp −$19	128.5 bp −$1,285	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	0.1790	0.000%	$371K	$437K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1788	−0.115%	$18K	$44K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1788	−0.115%	$8.9M	$19.4M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1789	−0.078%	$14.4M	$789K	20x	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1781	−0.508%	$16K	$58K	20x	as long as short
KuCoin ACEUSDTM	+0.0108%	4h	0.1790	+0.011%	$2.0M	$554K	20x	as long as short
Bitget ACEUSDTlong	+0.0126%	4h	0.1790	long leg	$1.6M	$2.2M	10x
BloFin ACE-USDT	+0.0127%	4h	0.1786	−0.246%	$478K	$66K	20x	as long as short
Variational Omni ACE	+0.0192%	4h	0.1785	−0.272%	$119K	$44K	—	as long as short
BingX ACE-USDT	+0.0782%	4h	0.1788	−0.089%	—	$1.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0829%	4h	0.1791	+0.039%	$2.7M	$3.0M	25x	as long as short
Gate ACE_USDT	+0.0922%	4h	0.1792	+0.112%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDshort	+0.0992%	1h	0.1790	−0.011%	$45K	$698K	10x