Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0034%/8h= +3.8% APRpaid last 24h −0.004%

Price spread now: BloFin against Hyperliquid+0.006%67s7-day average −0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as 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−$780.783% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.368%−$37 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.006%, 7d avg −0.084%

Together, before fees−0.317%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.089% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.084%. Mind the row above: over the last 7 days funding on this pair cost −0.368%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ACE	0.1736	0.0100	pay 0.0013% / 1h	58m 04s	$353K	$455K	3x
Short	BloFin ACE-USDT	0.1736	0.0134	get 0.0067% / 4h	3h 58m	$465K	$68K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.006%Rate

Funding earned: $7.24
Price spread: +0.006% → −0.084%: $8.93
Slippage, 4 orders: −$57.28
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$62.11
Costs to cover: 0.783%
Break-even: 67.1 days

Slippage from Hyperliquid: live order book, 52 min ago; BloFin: live order book, 18 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, 52 min ago	2.82 bp	17.5 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 18 min ago	2.59 bp	21.4 bp −$21	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
Hyperliquid ACElong	+0.0100%	1h	0.1736	long leg	$353K	$455K	3x
Aster ACEUSDT	+0.0100%	4h	0.1736	−0.028%	$17K	$43K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1735	−0.052%	$8.5M	$20.1M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1735	−0.058%	$14.0M	$764K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1738	+0.115%	$1.9M	$570K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1735	−0.058%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1739	+0.191%	$116K	$44K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1732	−0.248%	$16K	$47K	20x	as long as short
BloFin ACE-USDTshort	+0.0134%	4h	0.1736	+0.006%	$465K	$68K	20x
BingX ACE-USDT	+0.0470%	4h	0.1736	−0.012%	—	$1.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ACEUSD	+0.0720%	1h	0.1735	−0.068%	$42K	$716K	10x	as long as short
Bybit ACEUSDT	+0.1742%	4h	0.1737	+0.063%	$2.6M	$3.1M	25x	as long as short
Gate ACE_USDT	+0.2010%	4h	0.1737	+0.058%	$1.1M	$1.7M	25x	as long as short