Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0150%/8h= −16.5% APRpaid last 24h +0.891%

Price spread now: Kraken Futures against Gate−0.242%51s7-day average +0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as 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−$1401.400% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 4 days (all we have)+0.778%+$78 · spread now −0.242%, 7d avg +0.096%

Together, before fees+0.909%+$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.338% cheaper against Gate than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.096%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.131%, so the current rate has only just turned against you. The two prices were read 51 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	Gate ACE_USDT	0.1734	0.0872	pay 0.0436% / 4h	3h 26m	$1.1M	$1.8M	25x
Short	Kraken Futures PF_ACEUSD	0.1730	0.0722	get 0.0090% / 1h	26m 23s	$41K	$709K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.242%Rate

Funding earned: −$31.58
Price spread: −0.242% → +0.096%: −$33.8
Slippage, 4 orders: −$115.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$205.42
Costs to cover: 1.400%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 7 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, 1 min ago	2.89 bp	31.6 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 7 min ago	6.95 bp	35.6 bp −$36	348.8 bp −$3,488	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	+0.0053%	4h	0.1729	−0.288%	$466K	$68K	20x	as long as short
Hyperliquid ACE	+0.0100%	1h	0.1734	0.000%	$354K	$453K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1734	−0.021%	$17K	$44K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1734	−0.017%	$8.5M	$19.6M	20x	as long as short
Bybit ACEUSDT	+0.0100%	4h	0.1735	+0.058%	$2.6M	$3.0M	25x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1734	−0.006%	$14.0M	$767K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1733	−0.069%	$1.9M	$558K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1733	−0.058%	$1.6M	$2.2M	10x	as long as short
BingX ACE-USDT	+0.0100%	4h	0.1735	+0.035%	—	$1.5M	—	as long as short
Variational Omni ACE	+0.0100%	4h	0.1728	−0.334%	$116K	$43K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ACE-USDT	+0.0100%	4h	0.1720	−0.830%	$16K	$41K	20x	as long as short
Kraken Futures PF_ACEUSDshort	+0.0722%	1h	0.1730	−0.242%	$41K	$709K	10x
Gate ACE_USDTlong	+0.0872%	4h	0.1734	long leg	$1.1M	$1.8M	25x