Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0330%/8h= +36.1% APRpaid last 24h −0.872%

Price spread now: Gate against Kraken Futures+0.089%7-day average −0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1101.097% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.528%−$53 on $10k

Price spread, last 3 days (all we have)−0.434%−$43 · spread now +0.089%, 7d avg −0.117%

Together, before fees−0.963%−$96 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Gate is 0.206% dearer against Kraken Futures than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.117%. Mind the row above: over the last 7 days funding on this pair cost −0.528%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ACEUSD	0.1733	0.0532	pay 0.0067% / 1h	30m 30s	$48K	$633K	10x
Short	Gate ACE_USDT	0.1735	0.0862	get 0.0431% / 4h	3h 30m	$1.1M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.089%Rate

Funding earned: $69.21
Price spread: +0.089% → −0.117%: $20.61
Slippage, 4 orders: −$84.69
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.86
Costs to cover: 1.097%
Break-even: 9.0 days

Slippage from Kraken Futures: live order book, 43 min ago; Gate: live order book, 2 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, 43 min ago	6.66 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.88 bp	29.2 bp −$29	143.4 bp −$1,434	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	0.1733	−0.026%	$401K	$388K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1732	−0.062%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1733	−0.048%	$8.6M	$18.2M	20x	as long as short
Bybit ACEUSDT	+0.0100%	4h	0.1733	−0.032%	$2.5M	$2.6M	25x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1733	−0.009%	$14.0M	$789K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1734	+0.020%	$2.0M	$522K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1734	+0.031%	$1.6M	$2.2M	10x	as long as short
BingX ACE-USDT	+0.0100%	4h	0.1733	−0.044%	—	$1.4M	—	as long as short
Variational Omni ACE	+0.0100%	4h	0.1733	−0.027%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1728	−0.309%	$16K	$124K	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	+0.0119%	4h	0.1731	−0.113%	$458K	$70K	20x	as long as short
Kraken Futures PF_ACEUSDlong	+0.0532%	1h	0.1733	long leg	$48K	$633K	10x
Gate ACE_USDTshort	+0.0862%	4h	0.1735	+0.089%	$1.1M	$1.8M	25x