Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Hyperliquid against KuCoin+0.063%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2592.587% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.063%, 7d avg +0.032%

Together, before fees+0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 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: Hyperliquid is 0.031% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ACEUSDTM	0.1742	0.0100	pay 0.0050% / 4h	23m 54s	$2.0M	$533K	20x
Short	Hyperliquid ACE	0.1743	0.0100	get 0.0013% / 1h	23m 54s	$371K	$425K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.032%: $3.09
Slippage, 4 orders: −$237.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$255.57
Costs to cover: 2.587%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 66 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 KuCoin live order book, 2 min ago	5.74 bp	100.0 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 66 min ago	5.74 bp	17.5 bp −$17	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
Hyperliquid ACEshort	+0.0100%	1h	0.1743	+0.063%	$371K	$425K	3x
Aster ACEUSDT	+0.0100%	4h	0.1741	−0.063%	$24K	$37K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1742	+0.011%	$8.7M	$18.7M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1742	+0.006%	$14.0M	$785K	20x	as long as short
KuCoin ACEUSDTMlong	+0.0100%	4h	0.1742	long leg	$2.0M	$533K	20x
Bitget ACEUSDT	+0.0100%	4h	0.1745	+0.178%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1741	−0.036%	$117K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1748	+0.344%	$16K	$91K	20x	as long as short
BloFin ACE-USDT	+0.0155%	4h	0.1741	−0.029%	$468K	$74K	20x	as long as short
BingX ACE-USDT	+0.0400%	4h	0.1741	−0.052%	—	$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	+0.0443%	4h	0.1743	+0.063%	$2.6M	$2.8M	25x	as long as short
Gate ACE_USDT	+0.1094%	4h	0.1741	−0.052%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1469%	1h	0.1742	+0.014%	$45K	$654K	10x	as long as short