Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0266%/8h= −29.2% APRpaid last 24h +0.872%

Price spread now: Kraken Futures against Gate−0.037%7-day average +0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1261.261% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.528%+$53 on $10k

Price spread, last 3 days (all we have)+0.382%+$38 · spread now −0.037%, 7d avg +0.117%

Together, before fees+0.910%+$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.154% cheaper against Gate than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.117%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.528%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ACE_USDT	0.1737	0.0798	pay 0.0399% / 4h	3h 35m	$1.1M	$1.8M	25x
Short	Kraken Futures PF_ACEUSD	0.1736	0.0532	get 0.0066% / 1h	35m 30s	$48K	$633K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$55.96
Price spread: −0.037% → +0.117%: −$15.36
Slippage, 4 orders: −$101.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$197.44
Costs to cover: 1.261%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Kraken Futures: live order book, 38 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 Gate live order book, 2 min ago	5.74 bp	35.6 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 38 min ago	6.66 bp	17.8 bp −$18	100.6 bp −$1,006	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	0.1736	−0.058%	$401K	$387K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1734	−0.179%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1736	−0.081%	$8.6M	$18.1M	20x	as long as short
Bybit ACEUSDT	+0.0100%	4h	0.1736	−0.029%	$2.5M	$2.6M	25x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1735	−0.127%	$14.0M	$786K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1736	−0.052%	$2.0M	$522K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1737	0.000%	$1.6M	$2.2M	10x	as long as short
BingX ACE-USDT	+0.0100%	4h	0.1736	−0.035%	—	$1.4M	—	as long as short
Variational Omni ACE	+0.0100%	4h	0.1737	+0.025%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1730	−0.391%	$16K	$125K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ACE-USDT	+0.0113%	4h	0.1739	+0.092%	$459K	$70K	20x	as long as short
Kraken Futures PF_ACEUSDshort	+0.0532%	1h	0.1736	−0.037%	$48K	$633K	10x
Gate ACE_USDTlong	+0.0798%	4h	0.1737	long leg	$1.1M	$1.8M	25x