ACE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0827%/8h= −90.5% APRnext payment −$4.13 per $10,000 · paid last 24h +0.006%

Price spread now: Binance against Bybit−0.108%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1461.463% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$15 on $10k

Price spread, last 7 days−0.321%−$32 · spread now −0.108%, 7d avg −0.132%

Together, before fees−0.475%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.024% dearer against Bybit than usual: you sell high and buy low (spread −0.108% now, against its 7-day average of −0.132%): +$2 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.155% in total) that is about 26 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.155% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.13 per $10,000. 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	Bybit ACEUSDT	0.1758	0.0927	pay 0.0463% / 4h	3h 54m	$2.6M	$2.8M	25x
Short	Binance ACEUSDT	0.1756	0.0100	get 0.0050% / 4h	3h 54m	$8.8M	$18.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.108%Rate

Funding earned: −$173.64
Price spread: −0.108% → −0.132%: $2.41
Slippage, 4 orders: −$125.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$317.52
Costs to cover: 1.463%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 1 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 Bybit live order book, 3 min ago	1.14 bp	51.6 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.29 bp	16.1 bp −$16	89.1 bp −$891	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 ACE	+0.0100%	1h	0.1756	−0.114%	$373K	$424K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1750	−0.436%	$24K	$37K	5x	as long as short
Binance ACEUSDTshort	+0.0100%	4h	0.1756	−0.108%	$8.8M	$18.6M	20x
MEXC ACE_USDT	+0.0100%	4h	0.1758	−0.011%	$14.2M	$781K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1753	−0.290%	$2.0M	$533K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1759	+0.057%	$1.6M	$2.1M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1746	−0.660%	$117K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1738	−1.121%	$16K	$87K	20x	as long as short
BloFin ACE-USDT	+0.0131%	4h	0.1749	−0.512%	$467K	$65K	20x	as long as short
Kraken Futures PF_ACEUSD	+0.0458%	1h	0.1748	−0.549%	$45K	$647K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDTlong	+0.0927%	4h	0.1758	long leg	$2.6M	$2.8M	25x
BingX ACE-USDT	+0.1230%	4h	0.1756	−0.102%	—	$1.4M	—	as long as short
Gate ACE_USDT	+0.1906%	4h	0.1756	−0.114%	$1.2M	$1.7M	25x	as long as short