Funding arb · Price arb /

ACE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid0.000%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.257%−$26 · spread now 0.000%, 7d avg −0.026%

Together, before fees−0.314%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.026% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ACE	0.1741	0.0100	pay 0.0013% / 1h	42m 45s	$374K	$409K	3x
Short	Bitget ACEUSDT	0.1741	0.0100	get 0.0050% / 4h	1h 42m	$1.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.026%: $2.55
Slippage, 4 orders: −$65.64
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.09
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 57 min ago; Bitget: live order book, 4 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, 57 min ago	2.91 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.89 bp	27.7 bp −$28	94.8 bp −$948	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 ACElong	+0.0100%	1h	0.1741	long leg	$374K	$409K	3x
Aster ACEUSDT	+0.0100%	4h	0.1740	−0.049%	$27K	$35K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1741	−0.023%	$8.6M	$18.4M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1741	−0.006%	$14.0M	$783K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1739	−0.092%	$2.0M	$526K	20x	as long as short
Bitget ACEUSDTshort	+0.0100%	4h	0.1741	0.000%	$1.6M	$2.2M	10x
Variational Omni ACE	+0.0100%	4h	0.1736	−0.267%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1724	−0.953%	$16K	$104K	20x	as long as short
BloFin ACE-USDT	+0.0149%	4h	0.1743	+0.103%	$463K	$73K	20x	as long as short
BingX ACE-USDT	+0.0216%	4h	0.1743	+0.098%	—	$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 ACEUSDT	+0.0220%	4h	0.1743	+0.132%	$2.5M	$2.7M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1002%	1h	0.1744	+0.160%	$51K	$636K	10x	as long as short
Gate ACE_USDT	+0.1006%	4h	0.1742	+0.057%	$1.1M	$1.8M	25x	as long as short