ACE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0283%/8h= −30.9% APRnext payment −$1.41 per $10,000 · paid last 24h +0.004%

Price spread now: KuCoin against Bybit+0.217%7-day average −0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$3323.321% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days−0.660%−$66 · spread now +0.217%, 7d avg −0.099%

Together, before fees−0.601%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.316% dearer against Bybit than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of −0.099%): +$32 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.41 per $10,000. 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	Bybit ACEUSDT	0.1749	0.0383	pay 0.0191% / 4h	39m 42s	$2.6M	$2.8M	25x
Short	KuCoin ACEUSDTM	0.1753	0.0100	get 0.0050% / 4h	39m 42s	$2.0M	$537K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.217%Rate

Funding earned: −$59.35
Price spread: +0.217% → −0.099%: $31.61
Slippage, 4 orders: −$309.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$359.83
Costs to cover: 3.321%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 2 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 Bybit live order book, 3 min ago	1.14 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	7.41 bp	81.2 bp −$81	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 ACE	+0.0100%	1h	0.1748	−0.063%	$373K	$425K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1751	+0.090%	$24K	$37K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1747	−0.126%	$8.7M	$18.7M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1751	+0.091%	$14.1M	$784K	20x	as long as short
KuCoin ACEUSDTMshort	+0.0100%	4h	0.1753	+0.217%	$2.0M	$537K	20x
Bitget ACEUSDT	+0.0100%	4h	0.1750	+0.051%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1755	+0.362%	$117K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1742	−0.429%	$16K	$94K	20x	as long as short
BloFin ACE-USDT	+0.0104%	4h	0.1754	+0.280%	$468K	$74K	20x	as long as short
BingX ACE-USDT	+0.0344%	4h	0.1752	+0.194%	—	$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 ACEUSDTlong	+0.0383%	4h	0.1749	long leg	$2.6M	$2.8M	25x
Gate ACE_USDT	+0.1108%	4h	0.1752	+0.166%	$1.2M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1462%	1h	0.1751	+0.105%	$45K	$658K	10x	as long as short