Funding arb · Price arb /

ACE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Bitget+0.058%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.058%, 7d avg +0.027%

Together, before fees+0.136%+ 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 Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ACEUSDT	0.1724	0.0100	pay 0.0050% / 4h	1h 50m	$1.6M	$2.3M	10x
Short	Hyperliquid ACE	0.1725	0.0100	get 0.0013% / 1h	50m 45s	$411K	$383K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.027%: $3.12
Slippage, 4 orders: −$45.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$63.05
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Hyperliquid: live order book, 19 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 Bitget live order book, 1 min ago	5.79 bp	18.5 bp −$18	65.4 bp −$654	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 19 min ago	5.81 bp	16.3 bp −$16	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	+0.0043%	4h	0.1724	+0.029%	$452K	$70K	20x	as long as short
Hyperliquid ACEshort	+0.0100%	1h	0.1725	+0.058%	$411K	$383K	3x
Aster ACEUSDT	+0.0100%	4h	0.1723	−0.067%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1723	−0.068%	$8.5M	$17.8M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1723	−0.064%	$13.9M	$789K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1725	+0.058%	$2.0M	$519K	20x	as long as short
Bitget ACEUSDTlong	+0.0100%	4h	0.1724	long leg	$1.6M	$2.3M	10x
Variational Omni ACE	+0.0100%	4h	0.1727	+0.192%	$136K	$25K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1724	−0.017%	$15K	$147K	20x	as long as short
Bybit ACEUSDT	+0.0404%	4h	0.1724	−0.012%	$2.5M	$2.5M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ACE-USDT	+0.0422%	4h	0.1724	0.000%	—	$1.4M	—	as long as short
Gate ACE_USDT	+0.0734%	4h	0.1725	+0.058%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.0762%	1h	0.1728	+0.217%	$51K	$631K	10x	as long as short