Funding arb · Price arb /

ACE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid−0.116%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$710.710% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now −0.116%, 7d avg −0.026%

Together, before fees−0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 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: Bitget is 0.090% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 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	Hyperliquid ACE	0.1720	0.0100	pay 0.0013% / 1h	55m 59s	$410K	$386K	3x
Short	Bitget ACEUSDT	0.1718	0.0100	get 0.0050% / 4h	2h 55m	$1.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.026%: −$9.03
Slippage, 4 orders: −$50.03
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$80.06
Costs to cover: 0.710%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 28 min ago; Bitget: 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 Hyperliquid live order book, 28 min ago	5.81 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	8.72 bp	15.5 bp −$15	55.3 bp −$553	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 ACElong	+0.0100%	1h	0.1720	long leg	$410K	$386K	3x
Aster ACEUSDT	+0.0100%	4h	0.1718	−0.138%	$27K	$34K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1717	−0.157%	$8.5M	$17.8M	20x	as long as short
Bybit ACEUSDT	+0.0100%	4h	0.1719	−0.058%	$2.5M	$2.5M	25x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1717	−0.198%	$13.8M	$791K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1719	−0.029%	$2.0M	$526K	20x	as long as short
Bitget ACEUSDTshort	+0.0100%	4h	0.1718	−0.116%	$1.6M	$2.2M	10x
BingX ACE-USDT	+0.0100%	4h	0.1719	−0.064%	—	$1.4M	—	as long as short
Variational Omni ACE	+0.0100%	4h	0.1724	+0.231%	$135K	$25K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1715	−0.297%	$15K	$158K	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	+0.0131%	4h	0.1719	−0.064%	$455K	$72K	20x	as long as short
Gate ACE_USDT	+0.0614%	4h	0.1720	0.000%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1099%	1h	0.1719	−0.062%	$51K	$633K	10x	as long as short