Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Hyperliquid−0.042%7-day average +0.028% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.338%+$34 on $10k

Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.042%, 7d avg +0.028%

Together, before fees+0.488%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$49 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: Variational Omni is 0.070% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ACE	0.1730	0.0100	pay 0.0013% / 1h	4m 54s	$406K	$390K	3x
Short	Variational Omni ACE	0.1729	0.0100	get 0.0050% / 4h	4m 54s	$116K	$44K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → +0.028%: −$7.05
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.05
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 55 min ago; Variational Omni: RFQ quote, 9 min ago. Net counts fees only.

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, 55 min ago	2.91 bp	17.5 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 9 min ago	5.77 bp	doesn't fit	306.0 bp −$3,060	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	0.1730	long leg	$406K	$390K	3x
Aster ACEUSDT	+0.0100%	4h	0.1730	−0.002%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1730	−0.008%	$8.6M	$18.2M	20x	as long as short
Bybit ACEUSDT	+0.0100%	4h	0.1732	+0.127%	$2.5M	$2.6M	25x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1729	−0.046%	$14.0M	$789K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1732	+0.092%	$2.0M	$523K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1731	+0.058%	$1.6M	$2.3M	10x	as long as short
BingX ACE-USDT	+0.0100%	4h	0.1731	+0.064%	—	$1.4M	—	as long as short
Variational Omni ACEshort	+0.0100%	4h	0.1729	−0.042%	$116K	$44K	—
HTX ACE-USDT	+0.0100%	4h	0.1719	−0.647%	$16K	$130K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ACE-USDT	+0.0155%	4h	0.1731	+0.046%	$456K	$71K	20x	as long as short
Gate ACE_USDT	+0.0402%	4h	0.1731	+0.058%	$1.1M	$1.9M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.0894%	1h	0.1732	+0.123%	$48K	$635K	10x	as long as short