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: Kraken Futures against MEXC+0.066%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs+$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

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

Long on MEXC Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against MEXC than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.164%). If the spread goes back, that is −$10 on $10k: about 12 hours of funding at the current rate (+$20 a day).

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

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.066%Rate

Funding earned: $139.45
Price spread: +0.066% → +0.164%: −$9.86
Slippage, 4 orders: −$56.09
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $63.5
Costs to cover: 0.661%
Break-even: 3.8 days

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 37 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 MEXC live order book, 2 min ago	1.74 bp	4.2 bp −$4	40.7 bp −$407	184.5 bp −$18.4K	doesn't fit
Sell Kraken Futures live order book, 37 min ago	7.84 bp	18.7 bp −$19	122.5 bp −$1,225	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	0.1723	+0.041%	$411K	$383K	3x	as long as short
Aster ACEUSDT	+0.0100%	4h	0.1721	−0.054%	$27K	$33K	5x	as long as short
Binance ACEUSDT	+0.0100%	4h	0.1723	+0.037%	$8.5M	$17.9M	20x	as long as short
MEXC ACE_USDTlong	+0.0100%	4h	0.1722	long leg	$13.9M	$789K	20x
KuCoin ACEUSDTM	+0.0100%	4h	0.1724	+0.081%	$2.0M	$519K	20x	as long as short
Bitget ACEUSDT	+0.0100%	4h	0.1723	+0.041%	$1.6M	$2.3M	10x	as long as short
Variational Omni ACE	+0.0100%	4h	0.1726	+0.192%	$136K	$25K	—	as long as short
HTX ACE-USDT	+0.0100%	4h	0.1719	−0.168%	$15K	$147K	20x	as long as short
BloFin ACE-USDT	+0.0136%	4h	0.1720	−0.145%	$452K	$70K	20x	as long as short
Bybit ACEUSDT	+0.0335%	4h	0.1724	+0.099%	$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	+0.058%	—	$1.4M	—	as long as short
Gate ACE_USDT	+0.0684%	4h	0.1723	+0.041%	$1.1M	$1.8M	25x	as long as short
Kraken Futures PF_ACEUSDshort	+0.0764%	1h	0.1723	+0.066%	$51K	$632K	10x