Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.025%

Price spread now: BingX against Hyperliquid−0.079%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.639%+$64 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.079%, 7d avg −0.015%

Together, before fees+0.646%+ Points / potential airdropHyperliquid: Season 2 · farm board+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.064% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.015%). If the spread goes back, that is −$6 on $10k: about 28 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ACE	0.1780	0.0100	pay 0.0013% / 1h	21m 44s	$373K	$426K	3x
Short	BingX ACE-USDT	0.1779	0.0282	get 0.0141% / 4h	2h 21m	—	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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 HyperliquidbpFee BingXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $38.22
Price spread: −0.079% → −0.015%: −$6.36
Slippage, 4 orders: −$59.27
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$46.41
Costs to cover: 0.783%
Break-even: 15.5 days

Slippage from Hyperliquid: live order book, 48 min ago; BingX: live order book, 9 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 Hyperliquid live order book, 48 min ago	5.66 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	4.51 bp	24.6 bp −$25	78.7 bp −$787	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	0.1779	−0.084%	$479K	$63K	20x	as long as short
Hyperliquid ACElong	+0.0100%	1h	0.1780	long leg	$373K	$426K	3x
Aster ACEUSDT	+0.0100%	4h	0.1777	−0.153%	$20K	$42K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1777	−0.140%	$8.9M	$19.0M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1778	−0.112%	$14.3M	$785K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1778	−0.101%	$2.0M	$545K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1778	−0.112%	$1.6M	$2.1M	10x	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1777	−0.180%	$16K	$71K	20x	as long as short
Variational Omni ACE	+0.0176%	4h	0.1763	−0.935%	$118K	$44K	—	as long as short
Bybit ACEUSDT	+0.0249%	4h	0.1779	−0.045%	$2.7M	$2.9M	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-USDTshort	+0.0282%	4h	0.1779	−0.079%	—	$1.5M	—
Gate ACE_USDT	+0.0462%	4h	0.1780	0.000%	$1.2M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.0860%	1h	0.1780	+0.013%	$44K	$668K	10x	as long as short