Funding arb · Price arb /

ACE

all ACE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin+0.110%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2732.727% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.110%, 7d avg +0.031%

Together, before fees+0.340%+ Points / potential airdropHyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.031%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.407%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ACEUSDTM	0.1723	0.0216	pay 0.0108% / 4h	1h 29m	$1.9M	$515K	20x
Short	Hyperliquid ACE	0.1725	0.0100	get 0.0013% / 1h	29m 29s	$352K	$430K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$24.36
Price spread: +0.110% → +0.031%: $7.92
Slippage, 4 orders: −$251.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$289.17
Costs to cover: 2.727%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Hyperliquid: live order book, 4 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 KuCoin live order book, 10 min ago	5.49 bp	123.9 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	2.90 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit

ACE on 13 exchanges

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	+0.0067%	4h	0.1724	+0.052%	$465K	$66K	20x	as long as short
Hyperliquid ACEshort	+0.0100%	1h	0.1725	+0.110%	$352K	$430K	3x
Aster ACEUSDT	+0.0100%	4h	0.1725	+0.095%	$17K	$43K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1726	+0.180%	$8.5M	$18.5M	20x	as long as short
MEXC ACE_USDT	+0.0100%	4h	0.1724	+0.075%	$13.9M	$696K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1725	+0.110%	$1.6M	$2.1M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1725	+0.127%	$115K	$43K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1721	−0.122%	$15K	$32K	20x	as long as short
Bybit ACEUSDT	+0.0130%	4h	0.1728	+0.284%	$2.5M	$2.8M	25x	as long as short
BingX ACE-USDT	+0.0156%	4h	0.1725	+0.128%	—	$1.4M	—	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ACEUSDTMlong	+0.0216%	4h	0.1723	long leg	$1.9M	$515K	20x
Gate ACE_USDT	+0.0590%	4h	0.1725	+0.110%	$1.1M	$1.7M	25x	as long as short
Kraken Futures PF_ACEUSD	+0.0673%	1h	0.1723	−0.032%	$43K	$624K	10x	as long as short