Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−2.0505%/8h= −2245.3% APRpaid last 24h +1.688%

Price spread now: BingX against Kraken Futures−0.260%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$615 a day on $10k at the current rate, and BingX is 0.260% cheaper against Kraken Futures than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIGTIMEUSD	0.008284	2.0605	pay 0.2576% / 1h	58m 52s	$8K	$7K	10x
Short	BingX BIGTIME-USDT	0.008262	0.0100	get 0.0050% / 4h	1h 58m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.260%Rate

Funding earned: −$4,305.97
Price spread: −0.260% → 0.000%: −$26.02
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$4,351.99
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 4 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	4.84 bp	21.4 bp −$21	38.0 bp −$380	367.7 bp −$36.8K	497.3 bp −$248.6K

Kraken Futures: 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
BloFin BIGTIME-USDT	+0.0044%	4h	0.008253	−0.369%	$91K	$10K	50x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008267	−0.200%	$127K	$94K	3x	as long as short
Binance BIGTIMEUSDT	+0.0100%	4h	0.008262	−0.260%	$1.8M	$2.4M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008261	−0.272%	$703K	$683K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008260	−0.284%	$436K	$360K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008244	−0.478%	$61K	$29K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008261	−0.272%	$450K	$181K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008257	−0.321%	$235K	$31K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008267	−0.200%	$558K	$232K	50x	as long as short
BingX BIGTIME-USDTshort	+0.0100%	4h	0.008262	−0.260%	—	$2.3M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BIGTIME	+0.0100%	4h	0.008263	−0.242%	$10K	$555	—	as long as short
Kraken Futures PF_BIGTIMEUSDlong	+2.0605%	1h	0.008284	long leg	$8K	$7K	10x