Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0664%/8h= −72.7% APRpaid last 24h −0.896%

Price spread now: MEXC against Kraken Futures−0.066%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−1.082%−$108 on $10k

Price spread, last 3 days (all we have)−0.504%−$50 · spread now −0.066%, 7d avg −0.164%

Together, before fees−1.586%−$159 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.099% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.164%): +$10 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ACEUSD	0.1723	0.0764	pay 0.0096% / 1h	46m 07s	$51K	$632K	10x
Short	MEXC ACE_USDT	0.1722	0.0100	get 0.0050% / 4h	1h 46m	$13.9M	$789K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$139.45
Price spread: −0.066% → −0.164%: $9.87
Slippage, 4 orders: −$56.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$195.67
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 37 min ago; MEXC: live order book, 2 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 Kraken Futures live order book, 37 min ago	7.84 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.74 bp	13.4 bp −$13	44.1 bp −$441	194.7 bp −$19.5K	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 ACE	+0.0100%	1h	0.1723	−0.025%	$411K	$383K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1721	−0.120%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1723	−0.028%	$8.5M	$17.9M	20x	as long as short
MEXC ACE_USDTshort	+0.0100%	4h	0.1722	−0.066%	$13.9M	$789K	20x
KuCoin ACEUSDTM	+0.0100%	4h	0.1724	+0.015%	$2.0M	$519K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1723	−0.025%	$1.6M	$2.3M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1726	+0.126%	$136K	$25K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1719	−0.234%	$15K	$147K	20x	as long as short
BloFin ACE-USDT	+0.0136%	4h	0.1720	−0.211%	$452K	$70K	20x	as long as short
Bybit ACEUSDT	+0.0335%	4h	0.1724	+0.033%	$2.5M	$2.5M	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	+0.0366%	4h	0.1723	−0.008%	—	$1.4M	—	as long as short
Gate ACE_USDT	+0.0684%	4h	0.1723	−0.025%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDlong	+0.0764%	1h	0.1723	long leg	$51K	$632K	10x