Settings8H · net · $10k
Funding arb · Price arb /

BIGTIME

all BIGTIME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.072%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$830.833% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.072%, 7d avg +0.007%
Together, before fees−0.060%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.066% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BIGTIME-USDT0.0082910.0100pay 0.0050% / 4h2h 12m$2.3M
ShortHyperliquid BIGTIME0.0082970.0100get 0.0013% / 1h12m 20s$126K$97K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.072% → +0.007%
$6.58
Slippage, 4 orders
−$64.34
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$76.77
Costs to cover
0.833%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; Hyperliquid: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago4.22 bp19.7 bp −$2045.1 bp −$451401.4 bp −$40.1K470.0 bp −$235.0K
Sell Hyperliquid live order book, 27 min ago1.81 bp15.9 bp −$16doesn't fitdoesn't fitdoesn't fit

BIGTIME on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BIGTIMEUSD−0.0288%1h0.008293+0.028%$8K$5K10xas long as short
Hyperliquid BIGTIMEshort+0.0100%1h0.008297+0.072%$126K$97K3x
Binance BIGTIMEUSDT+0.0100%4h0.008294+0.031%$1.8M$2.3M50xas long as short
Bybit BIGTIMEUSDT+0.0100%4h0.008288−0.036%$676K$609K25xas long as short
OKX BIGTIME-USDT-SWAP+0.0100%4h0.008288−0.036%$437K$403K10xas long as short
Gate BIGTIME_USDT+0.0100%4h0.008283−0.096%$59K$31K50xas long as short
MEXC BIGTIME_USDT+0.0100%4h0.008289−0.024%$466K$192K125xas long as short
KuCoin BIGTIMEUSDTM+0.0100%4h0.008285−0.072%$244K$26K20xas long as short
Bitget BIGTIMEUSDT+0.0100%4h0.008303+0.145%$596K$230K50xas long as short
BingX BIGTIME-USDTlong+0.0100%4h0.008291long leg$2.3M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BIGTIME+0.0100%4h0.0082910.000%$10K$1Kas long as short