Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1047%/8h= −114.6% APRpaid last 24h −0.988%

Price spread now: HTX against Kraken Futures−0.027%59s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and HTX is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% 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	Kraken Futures PF_ACEUSD	0.1734	0.1147	pay 0.0143% / 1h	10m 21s	$41K	$710K	10x
Short	HTX ACE-USDT	0.1733	0.0100	get 0.0050% / 4h	10m 21s	$16K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Kraken Futures. 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 Kraken FuturesbpFee HTXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$219.82
Price spread: −0.027% → 0.000%: −$2.74
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$244.56
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 28 min ago; HTX: no order-book sample. 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 Kraken Futures live order book, 28 min ago	13.55 bp	38.8 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0051%	4h	0.1735	+0.059%	$467K	$68K	20x	as long as short
Hyperliquid ACE	+0.0100%	1h	0.1733	−0.045%	$354K	$456K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1733	−0.040%	$17K	$43K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1732	−0.102%	$8.6M	$20.0M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1732	−0.102%	$14.0M	$790K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1731	−0.143%	$1.9M	$565K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1732	−0.102%	$1.6M	$2.3M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1736	+0.142%	$116K	$44K	—	as long as short
HTX ACE-USDTshort	+0.0100%	4h	0.1733	−0.027%	$16K	$49K	20x
Bybit ACEUSDT	+0.0532%	4h	0.1734	+0.030%	$2.6M	$3.1M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ACE-USDT	+0.0540%	4h	0.1734	−0.010%	—	$1.5M	—	as long as short
Gate ACE_USDT	+0.0814%	4h	0.1734	+0.013%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.1147%	1h	0.1734	long leg	$41K	$710K	10x