Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.002%

Price spread now: BloFin against Hyperliquid−0.024%47s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 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

Funding pays, the price is against you. BloFin is 0.024% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 5.1 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.009% in total) that is about 18 days. The two prices were read 47 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	Hyperliquid BIGTIME	0.008320	0.0100	pay 0.0013% / 1h	18m 20s	$126K	$96K	3x
Short	BloFin BIGTIME-USDT	0.008318	0.0116	get 0.0058% / 4h	1h 18m	$93K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee BloFinbpOrdersPrice spread, now −0.024%Rate

Funding earned: $3.29
Price spread: −0.024% → 0.000%: −$2.4
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.11
Costs to cover: 0.210%
Break-even: 49.8 days

Slippage unknown: Hyperliquid: live order book, 11 min ago; BloFin: 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 Hyperliquid live order book, 11 min ago	1.81 bp	23.2 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell BloFin no order-book sample	—	—	—	—	—

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
Kraken Futures PF_BIGTIMEUSD	−0.0218%	1h	0.008365	+0.542%	$8K	$5K	10x	as long as short
Hyperliquid BIGTIMElong	+0.0100%	1h	0.008320	long leg	$126K	$96K	3x
Binance BIGTIMEUSDT	+0.0100%	4h	0.008321	+0.010%	$1.8M	$2.3M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008318	−0.024%	$681K	$624K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008314	−0.072%	$439K	$386K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008315	−0.060%	$60K	$32K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008320	0.000%	$479K	$183K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008315	−0.060%	$246K	$27K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008325	+0.060%	$597K	$229K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008319	−0.012%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BIGTIME	+0.0100%	4h	0.008328	+0.096%	$10K	$1K	—	as long as short
BloFin BIGTIME-USDTshort	+0.0116%	4h	0.008318	−0.024%	$93K	$10K	50x