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 MEXC perp at $0.1699 and the highest bid on Variational perp at $0.1706.
The widest ACE perpetual spread is between MEXC and Variational: long ACE on MEXC at $0.1699 and short on Variational at $0.1706 for +0.42% gross, or +0.26% 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 +0.033% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ACE route is to buy spot on MEXC and short the perpetual on Variational: +0.27% gross, +0.07% net, with +0.030% a day of funding on the short leg.
Spot–spot ACE arbitrage (buy on MEXC, withdraw, deposit and sell on Binance) shows +0.04% 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.