Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −1.850%

Price spread now: Kraken Futures against Binance+0.155%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.155% dearer against Binance than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIGTIMEUSDT	0.008293	0.0100	pay 0.0050% / 4h	2h 49m	$1.8M	$2.2M	50x
Short	Kraken Futures PF_BIGTIMEUSD	0.008306	−0.0288	pay 0.0036% / 1h	49m 53s	$7K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.155%Rate

Funding earned: −$81.42
Price spread: +0.155% → 0.000%: $15.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$85.97
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; Kraken Futures: no order-book sample. 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 Binance live order book, 15 min ago	3.00 bp	22.0 bp −$22	106.7 bp −$1,067	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BIGTIME on 12 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
Kraken Futures PF_BIGTIMEUSDshort	−0.0288%	1h	0.008306	+0.155%	$7K	$4K	10x
BloFin BIGTIME-USDT	+0.0047%	4h	0.008264	−0.348%	$93K	$10K	50x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008291	−0.022%	$125K	$96K	3x	as long as short
Binance BIGTIMEUSDTlong	+0.0100%	4h	0.008293	long leg	$1.8M	$2.2M	50x
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008283	−0.118%	$675K	$600K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008285	−0.094%	$438K	$407K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008264	−0.348%	$59K	$30K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008295	+0.026%	$455K	$187K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008270	−0.275%	$244K	$27K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008304	+0.135%	$596K	$237K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BIGTIME-USDT	+0.0100%	4h	0.008272	−0.251%	—	$2.3M	—	as long as short
Variational Omni BIGTIME	+0.0100%	4h	0.008273	−0.242%	$10K	$1K	—	as long as short