Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1011%/8h= −110.8% APRpaid last 24h −0.941%

Price spread now: BingX against Kraken Futures+0.067%7-day average −0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 4 days (all we have)−0.351%−$35 · spread now +0.067%, 7d avg −0.108%

Together, before fees−0.514%−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.175% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of −0.108%): +$17 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.163% in total) that is about 7.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.163% in total (about -8.5% 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	Kraken Futures PF_ACEUSD	0.1735	0.1475	pay 0.0184% / 1h	16m 04s	$45K	$651K	10x
Short	BingX ACE-USDT	0.1736	0.0464	get 0.0232% / 4h	16m 04s	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$212.4
Price spread: +0.067% → −0.108%: $17.49
Slippage, 4 orders: −$108.8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$323.7
Costs to cover: 1.288%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 42 min ago; BingX: live order book, 15 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 Kraken Futures live order book, 42 min ago	4.00 bp	65.7 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	4.00 bp	20.4 bp −$20	58.6 bp −$586	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 ACE	+0.0100%	1h	0.1736	+0.073%	$369K	$427K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1736	+0.059%	$24K	$37K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1735	−0.002%	$8.6M	$18.6M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1735	+0.004%	$14.0M	$785K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1736	+0.102%	$1.9M	$534K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1736	+0.073%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1736	+0.096%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1736	+0.061%	$16K	$90K	20x	as long as short
BloFin ACE-USDT	+0.0131%	4h	0.1740	+0.292%	$470K	$65K	20x	as long as short
BingX ACE-USDTshort	+0.0464%	4h	0.1736	+0.067%	—	$1.4M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0534%	4h	0.1737	+0.108%	$2.5M	$2.9M	25x	as long as short
Gate ACE_USDT	+0.1094%	4h	0.1738	+0.188%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.1475%	1h	0.1735	long leg	$45K	$651K	10x