Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Variational Omni+0.498%7-day average −0.026% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.340%−$34 on $10k

Price spread, last 4 days (all we have)−0.625%−$62 · spread now +0.498%, 7d avg −0.026%

Together, before fees−0.964%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$96 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 0.524% dearer against Variational Omni than usual: you sell high and buy low, +$52 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ACE	0.1736	0.0100	pay 0.0050% / 4h	1h 41m	$116K	$44K	—
Short	Hyperliquid ACE	0.1745	0.0100	get 0.0013% / 1h	41m 38s	$375K	$409K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.498%Rate

Funding earned: $0
Price spread: +0.498% → −0.026%: $52.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $43.42
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 22 min ago; Hyperliquid: live order book, 58 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 Variational Omni RFQ quote, 22 min ago	5.78 bp	doesn't fit	560.4 bp −$5,604	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 58 min ago	2.91 bp	15.2 bp −$15	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	0.1745	+0.498%	$375K	$409K	3x
Aster ACEUSDT	+0.0100%	4h	0.1742	+0.345%	$27K	$35K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1747	+0.611%	$8.7M	$18.4M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1745	+0.487%	$14.1M	$784K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1744	+0.458%	$2.0M	$526K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1748	+0.671%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACElong	+0.0100%	4h	0.1736	long leg	$116K	$44K	—
HTX ACE-USDT	+0.0100%	4h	0.1724	−0.688%	$16K	$104K	20x	as long as short
BloFin ACE-USDT	+0.0149%	4h	0.1743	+0.372%	$463K	$73K	20x	as long as short
BingX ACE-USDT	+0.0196%	4h	0.1747	+0.625%	—	$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	+0.0232%	4h	0.1750	+0.798%	$2.6M	$2.7M	25x	as long as short
Gate ACE_USDT	+0.1002%	4h	0.1746	+0.556%	$1.2M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1003%	1h	0.1743	+0.373%	$51K	$636K	10x	as long as short