Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0470%/8h= −51.5% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Gate+0.058%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1061.064% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.058%, 7d avg +0.016%

Together, before fees−0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.042% dearer against Gate than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.016%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.144% in total) that is about 2.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% 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	Gate ACE_USDT	0.1720	0.0570	pay 0.0285% / 4h	57m 45s	$1.1M	$1.8M	25x
Short	Hyperliquid ACE	0.1721	0.0100	get 0.0013% / 1h	57m 45s	$405K	$387K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$98.7
Price spread: +0.058% → +0.016%: $4.21
Slippage, 4 orders: −$82.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$200.9
Costs to cover: 1.064%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Hyperliquid: 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 Gate live order book, 5 min ago	5.82 bp	39.7 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 2 min ago	2.91 bp	17.6 bp −$18	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
BloFin ACE-USDT	+0.0069%	4h	0.1719	−0.035%	$450K	$70K	20x	as long as short
Hyperliquid ACEshort	+0.0100%	1h	0.1721	+0.058%	$405K	$387K	3x
Aster ACEUSDT	+0.0100%	4h	0.1718	−0.109%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1719	−0.064%	$8.5M	$18.0M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1720	−0.023%	$13.9M	$785K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1721	+0.029%	$2.0M	$514K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1720	0.000%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1716	−0.214%	$115K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1709	−0.645%	$15K	$140K	20x	as long as short
Bybit ACEUSDT	+0.0370%	4h	0.1720	+0.017%	$2.4M	$2.5M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ACE-USDT	+0.0382%	4h	0.1720	+0.023%	—	$1.4M	—	as long as short
Gate ACE_USDTlong	+0.0570%	4h	0.1720	long leg	$1.1M	$1.8M	25x
Kraken Futures PF_ACEUSD	+0.0900%	1h	0.1720	+0.026%	$49K	$628K	10x	as long as short