Funding arb · Price arb /

BIGTIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Hyperliquid+0.097%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$538as in the Funding arb table

Net, price: spread back to 7d avg − costs−$532as in the Price arb table

costs, in and out, $10k−$5385.376% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.097%, 7d avg +0.046%

Together, before fees−0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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: KuCoin is 0.051% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BIGTIME	0.008215	0.0100	pay 0.0013% / 1h	41m 19s	$126K	$94K	3x
Short	KuCoin BIGTIMEUSDTM	0.008223	0.0100	get 0.0050% / 4h	2h 41m	$235K	$30K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.046%: $5.11
Slippage, 4 orders: −$516.55
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$532.44
Costs to cover: 5.376%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 28 min ago; KuCoin: live order book, 15 min ago.

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, 28 min ago	1.82 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 15 min ago	18.12 bp	215.2 bp −$215	doesn't fit	doesn't fit	doesn't fit

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
BloFin BIGTIME-USDT	+0.0080%	4h	0.008257	+0.511%	$70K	$10K	50x	as long as short
Hyperliquid BIGTIMElong	+0.0100%	1h	0.008215	long leg	$126K	$94K	3x
Binance BIGTIMEUSDT	+0.0100%	4h	0.008213	−0.022%	$1.8M	$2.2M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008211	−0.049%	$699K	$654K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008210	−0.061%	$432K	$348K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008230	+0.183%	$60K	$32K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008214	−0.012%	$459K	$181K	125x	as long as short
KuCoin BIGTIMEUSDTMshort	+0.0100%	4h	0.008223	+0.097%	$235K	$30K	20x
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008224	+0.110%	$550K	$228K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008209	−0.073%	—	$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	0.008253	+0.457%	$10K	$555	—	as long as short
Kraken Futures PF_BIGTIMEUSD	+3.9906%	1h	0.008264	+0.592%	$8K	$7K	10x	as long as short