Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1364%/8h= −149.3% APRpaid last 24h −0.940%

Price spread now: HTX against Kraken Futures−0.294%7-day average −0.432% · you buy dearer than you sell

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

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now −0.294%, 7d avg −0.432%

Together, before fees−0.309%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.138% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.294% now, against its 7-day average of −0.432%): +$14 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.018% in total) that is about 53 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -0.9% 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	0.1749	0.1464	pay 0.0183% / 1h	36m 20s	$45K	$657K	10x
Short	HTX ACE-USDT	0.1744	0.0100	get 0.0050% / 4h	36m 20s	$16K	$94K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.294%Rate

Funding earned: −$286.34
Price spread: −0.294% → −0.432%: $13.82
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$294.52
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 22 min ago; HTX: live order book, 85 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 Kraken Futures live order book, 22 min ago	4.00 bp	65.7 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 85 min ago	38.73 bp	45.3 bp −$45	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-USDT	+0.0069%	4h	0.1748	−0.065%	$467K	$74K	20x	as long as short
Hyperliquid ACE	+0.0100%	1h	0.1746	−0.163%	$373K	$426K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1747	−0.087%	$24K	$37K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1745	−0.192%	$8.7M	$18.7M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1746	−0.163%	$14.1M	$784K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1747	−0.094%	$2.0M	$537K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1747	−0.105%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1755	+0.376%	$117K	$44K	—	as long as short
HTX ACE-USDTshort	+0.0100%	4h	0.1744	−0.294%	$16K	$94K	20x
BingX ACE-USDT	+0.0368%	4h	0.1747	−0.128%	—	$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	+0.0371%	4h	0.1747	−0.128%	$2.6M	$2.8M	25x	as long as short
Gate ACE_USDT	+0.1092%	4h	0.1748	−0.048%	$1.2M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.1464%	1h	0.1749	long leg	$45K	$657K	10x