Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.005%

Price spread now: Hyperliquid against BloFin−0.121%87s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.121% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BIGTIME-USDT	0.008291	0.0140	pay 0.0070% / 4h	3h 33m	$92K	$10K	50x
Short	Hyperliquid BIGTIME	0.008281	0.0100	get 0.0013% / 1h	33m 36s	$127K	$95K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$8.43
Price spread: −0.121% → 0.000%: −$12.06
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$41.49
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: no order-book sample; Hyperliquid: live order book, 45 min ago. 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 BloFin no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 45 min ago	1.81 bp	18.8 bp −$19	doesn't fit	doesn't fit	doesn't fit

BloFin: 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
Hyperliquid BIGTIMEshort	+0.0100%	1h	0.008281	−0.121%	$127K	$95K	3x
Binance BIGTIMEUSDT	+0.0100%	4h	0.008280	−0.136%	$1.8M	$2.3M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008279	−0.145%	$681K	$632K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008273	−0.217%	$436K	$359K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008279	−0.145%	$61K	$32K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008279	−0.145%	$458K	$181K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008277	−0.169%	$240K	$28K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008281	−0.121%	$554K	$249K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008277	−0.169%	—	$2.3M	—	as long as short
Variational Omni BIGTIME	+0.0100%	4h	0.008275	−0.198%	$10K	$1K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BIGTIME-USDTlong	+0.0140%	4h	0.008291	long leg	$92K	$10K	50x
Kraken Futures PF_BIGTIMEUSD	+0.7159%	1h	0.008310	+0.232%	$8K	$6K	10x	as long as short