Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0485%/8h= −53.1% APRpaid last 24h −0.893%

Price spread now: BloFin against Kraken Futures+0.050%57s7-day average −0.175% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as 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−$1091.087% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.045%−$104 on $10k

Price spread, last 3 days (all we have)−0.306%−$31 · spread now +0.050%, 7d avg −0.175%

Together, before fees−1.351%−$135 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.225% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.175%): +$22 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 37 hours. The two prices were read 57 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	Kraken Futures PF_ACEUSD	0.1724	0.0535	pay 0.0067% / 1h	1m 32s	$48K	$632K	10x
Short	BloFin ACE-USDT	0.1725	0.0050	get 0.0025% / 4h	3h 01m	$456K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$101.86
Price spread: +0.050% → −0.175%: $22.49
Slippage, 4 orders: −$86.68
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$188.05
Costs to cover: 1.087%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 7 min ago; BloFin: 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 Kraken Futures live order book, 7 min ago	6.94 bp	42.3 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.87 bp	19.0 bp −$19	doesn't fit	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-USDTshort	+0.0050%	4h	0.1725	+0.050%	$456K	$70K	20x
Hyperliquid ACE	+0.0100%	1h	0.1723	−0.054%	$398K	$381K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1721	−0.150%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1721	−0.182%	$8.6M	$18.0M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1722	−0.112%	$13.9M	$791K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1724	−0.008%	$2.0M	$516K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1723	−0.054%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1734	+0.580%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1722	−0.095%	$16K	$118K	20x	as long as short
Bybit ACEUSDT	+0.0209%	4h	0.1722	−0.083%	$2.5M	$2.6M	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-USDT	+0.0214%	4h	0.1722	−0.130%	—	$1.4M	—	as long as short
Kraken Futures PF_ACEUSDlong	+0.0535%	1h	0.1724	long leg	$48K	$632K	10x
Gate ACE_USDT	+0.0790%	4h	0.1723	−0.054%	$1.1M	$1.8M	25x	as long as short