Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0432%/8h= −47.3% APRpaid last 24h −0.890%

Price spread now: Variational Omni against Kraken Futures+0.167%7-day average −0.080% · you sell dearer than you buy

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.449%−$45 on $10k

Price spread, last 3 days (all we have)−0.400%−$40 · spread now +0.167%, 7d avg −0.080%

Together, before fees−0.849%+ Points / potential airdropVariational Omni: Active · farm board−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.247% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of −0.080%): +$25 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ACEUSD	0.1735	0.0532	pay 0.0067% / 1h	31m 27s	$48K	$633K	10x
Short	Variational Omni ACE	0.1737	0.0100	get 0.0050% / 4h	3h 31m	$116K	$44K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now +0.167%Rate

Funding earned: −$90.74
Price spread: +0.167% → −0.080%: $24.68
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$76.06
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 42 min ago; Variational Omni: RFQ quote, 42 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 Kraken Futures live order book, 42 min ago	6.66 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 42 min ago	5.77 bp	doesn't fit	306.0 bp −$3,060	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 ACE	+0.0100%	1h	0.1733	−0.089%	$401K	$388K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1732	−0.128%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1733	−0.097%	$8.6M	$18.2M	20x	as long as short
Bybit ACEUSDT	+0.0100%	4h	0.1733	−0.083%	$2.5M	$2.6M	25x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1732	−0.124%	$14.0M	$789K	20x	as long as short
KuCoin ACEUSDTM	+0.0100%	4h	0.1734	−0.020%	$2.0M	$522K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1734	−0.031%	$1.6M	$2.2M	10x	as long as short
BingX ACE-USDT	+0.0100%	4h	0.1734	−0.031%	—	$1.4M	—	as long as short
Variational Omni ACEshort	+0.0100%	4h	0.1737	+0.167%	$116K	$44K	—
HTX ACE-USDT	+0.0100%	4h	0.1728	−0.371%	$16K	$124K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ACE-USDT	+0.0155%	4h	0.1733	−0.112%	$458K	$70K	20x	as long as short
Kraken Futures PF_ACEUSDlong	+0.0532%	1h	0.1735	long leg	$48K	$633K	10x
Gate ACE_USDT	+0.0858%	4h	0.1735	+0.026%	$1.1M	$1.8M	25x	as long as short