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 Bitget−0.048%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1001.003% 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)+0.044%+$4 · spread now −0.048%, 7d avg −0.040%
Together, before fees+0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BIGTIMEUSDT0.0083010.0100pay 0.0050% / 4h2h 12m$595K$230K50x
ShortHyperliquid BIGTIME0.0082970.0100get 0.0013% / 1h12m 32s$126K$97K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: −0.048% → −0.040%
−$0.83
Slippage, 4 orders
−$79.33
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$101.16
Costs to cover
1.003%
Break-even
never at this rate
Slippage from Bitget: live order book, 53 min ago; Hyperliquid: live order book, 26 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 Bitget live order book, 53 min ago4.79 bp25.6 bp −$26163.7 bp −$1,637doesn't fitdoesn't fit
Sell Hyperliquid live order book, 26 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%1h0.008290−0.128%$8K$5K10xas long as short
Hyperliquid BIGTIMEshort+0.0100%1h0.008297−0.048%$126K$97K3x
Binance BIGTIMEUSDT+0.0100%4h0.008289−0.149%$1.8M$2.3M50xas long as short
Bybit BIGTIMEUSDT+0.0100%4h0.008288−0.157%$676K$609K25xas long as short
OKX BIGTIME-USDT-SWAP+0.0100%4h0.008288−0.157%$437K$403K10xas long as short
Gate BIGTIME_USDT+0.0100%4h0.008283−0.217%$59K$31K50xas long as short
MEXC BIGTIME_USDT+0.0100%4h0.008289−0.145%$466K$192K125xas long as short
KuCoin BIGTIMEUSDTM+0.0100%4h0.008285−0.193%$244K$26K20xas long as short
Bitget BIGTIMEUSDTlong+0.0100%4h0.008301long leg$595K$230K50x
BingX BIGTIME-USDT+0.0100%4h0.008291−0.120%$2.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BIGTIME+0.0100%4h0.008291−0.121%$10K$1Kas long as short