Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0454%/8h= +49.7% APRpaid last 24h 0.000%

Price spread now: Gate against Hyperliquid0.000%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1011.011% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now 0.000%, 7d avg −0.017%

Together, before fees+0.026%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.1% a year). A funding rate is set anew for every payment. 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	Hyperliquid ACE	0.1717	0.0100	pay 0.0013% / 1h	54m 10s	$409K	$384K	3x
Short	Gate ACE_USDT	0.1717	0.0554	get 0.0277% / 4h	2h 54m	$1.1M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $95.34
Price spread: 0.000% → −0.017%: $1.72
Slippage, 4 orders: −$77.12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.07
Costs to cover: 1.011%
Break-even: 7.3 days

Slippage from Hyperliquid: live order book, 30 min ago; Gate: live order book, 3 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, 30 min ago	5.81 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.81 bp	24.6 bp −$25	258.2 bp −$2,582	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	+0.0092%	4h	0.1718	+0.047%	$454K	$72K	20x	as long as short
Hyperliquid ACElong	+0.0100%	1h	0.1717	long leg	$409K	$384K	3x
Aster ACEUSDT	+0.0100%	4h	0.1717	−0.021%	$27K	$34K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1715	−0.116%	$8.5M	$17.8M	20x	as long as short
Bybit ACEUSDT	+0.0100%	4h	0.1716	−0.035%	$2.5M	$2.5M	25x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1714	−0.169%	$13.8M	$791K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1718	+0.070%	$2.0M	$521K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1715	−0.116%	$1.6M	$2.2M	10x	as long as short
BingX ACE-USDT	+0.0100%	4h	0.1716	−0.082%	—	$1.4M	—	as long as short
Variational Omni ACE	+0.0100%	4h	0.1721	+0.250%	$135K	$25K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ACE-USDT	+0.0100%	4h	0.1706	−0.623%	$15K	$158K	20x	as long as short
Gate ACE_USDTshort	+0.0554%	4h	0.1717	0.000%	$1.1M	$1.8M	25x
Kraken Futures PF_ACEUSD	+0.1100%	1h	0.1718	+0.033%	$50K	$634K	10x	as long as short