ACE arbitrage explained
Right now Fusionist (ACE) trades on 11 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.1707 and the highest bid on Binance spot at $0.1712.
The widest ACE perpetual spread is between Gate and Binance: long ACE on Gate at $0.1707 and short on Binance at $0.1711 for +0.22% gross, or +0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.149% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ACE route is to buy spot on Gate and short the perpetual on Binance: +0.25% gross, +0.05% net, with -0.119% a day of funding on the short leg.
Spot–spot ACE arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.32% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small ACE gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: ACE funding rates · ACE spread charts · Fusionist price · arbitrage scanner for all coins.