Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0711%/8h= +77.9% APRpaid last 24h +0.896%

Price spread now: Kraken Futures against BingX+0.025%53s7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as 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−$1021.016% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 3 days (all we have)+0.239%+$24 · spread now +0.025%, 7d avg +0.112%

Together, before fees+0.360%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.086% cheaper against BingX than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.112%). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.122% in total) that is about 5.0 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.3% 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	BingX ACE-USDT	0.1739	0.0294	pay 0.0147% / 4h	1h 58m	—	$1.4M	—
Short	Kraken Futures PF_ACEUSD	0.1739	0.1005	get 0.0126% / 1h	58m 21s	$48K	$631K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.025%Rate

Funding earned: $149.33
Price spread: +0.025% → +0.112%: −$8.63
Slippage, 4 orders: −$81.56
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $39.13
Costs to cover: 1.016%
Break-even: 5.2 days

Slippage from BingX: live order book, 3 min ago; Kraken Futures: live order book, 5 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 BingX live order book, 3 min ago	2.88 bp	19.8 bp −$20	80.4 bp −$804	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	8.65 bp	24.0 bp −$24	126.3 bp −$1,263	doesn't fit	doesn't fit

ACE on 12 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	0.1737	−0.104%	$373K	$401K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1739	+0.013%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1737	−0.086%	$8.6M	$18.2M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1737	−0.104%	$14.0M	$779K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1738	−0.052%	$2.0M	$516K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1737	−0.104%	$1.6M	$2.1M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1737	−0.104%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1732	−0.380%	$16K	$107K	20x	as long as short
Bybit ACEUSDT	+0.0256%	4h	0.1739	+0.006%	$2.5M	$2.6M	25x	as long as short
BingX ACE-USDTlong	+0.0294%	4h	0.1739	long leg	—	$1.4M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ACEUSDshort	+0.1005%	1h	0.1739	+0.025%	$48K	$631K	10x
Gate ACE_USDT	+0.1026%	4h	0.1740	+0.069%	$1.2M	$1.8M	25x	as long as short