Funding arb · Price arb /

ACE

all ACE markets

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: Variational Omni against Hyperliquid+0.224%7-day average +0.030% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.341%+$34 on $10k

Price spread, last 3 days (all we have)−0.114%−$11 · spread now +0.224%, 7d avg +0.030%

Together, before fees+0.227%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$23 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: Variational Omni is 0.195% dearer against Hyperliquid than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ACE	0.1719	0.0100	pay 0.0013% / 1h	37m 00s	$409K	$385K	3x
Short	Variational Omni ACE	0.1723	0.0100	get 0.0050% / 4h	2h 37m	$135K	$25K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Hyperliquid. 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 HyperliquidbpFee Variational OmnibpOrdersPrice spread, now +0.224%Rate

Funding earned: $0
Price spread: +0.224% → +0.030%: $19.47
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.47
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 47 min ago; Variational Omni: RFQ quote, 52 min ago. Net counts fees only.

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, 47 min ago	5.81 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 52 min ago	5.75 bp	doesn't fit	390.8 bp −$3,908	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	0.1719	long leg	$409K	$385K	3x
Aster ACEUSDT	+0.0100%	4h	0.1719	−0.015%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1718	−0.080%	$8.5M	$17.8M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1718	−0.087%	$13.8M	$793K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1720	+0.035%	$2.0M	$519K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1719	0.000%	$1.6M	$2.2M	10x	as long as short
Variational Omni ACEshort	+0.0100%	4h	0.1723	+0.224%	$135K	$25K	—
HTX ACE-USDT	+0.0100%	4h	0.1713	−0.326%	$15K	$154K	20x	as long as short
BloFin ACE-USDT	+0.0133%	4h	0.1718	−0.076%	$452K	$71K	20x	as long as short
BingX ACE-USDT	+0.0368%	4h	0.1719	−0.006%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ACEUSDT	+0.0375%	4h	0.1720	+0.052%	$2.5M	$2.5M	25x	as long as short
Gate ACE_USDT	+0.0606%	4h	0.1719	0.000%	$1.1M	$1.9M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.1099%	1h	0.1718	−0.052%	$50K	$629K	10x	as long as short