Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1364%/8h= +149.4% APRpaid last 24h +0.414%

Price spread now: Bitget against Kraken Futures+0.047%48s7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Bitget

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 for this trade now. Funding pays +$41 a day on $10k at the current rate, and Bitget is 0.047% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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	Kraken Futures PF_BIGTIMEUSD	0.008164	−0.1264	get 0.0158% / 1h	39m 32s	$8K	$8K	10x
Short	Bitget BIGTIMEUSDT	0.008168	0.0100	get 0.0050% / 4h	3h 39m	$551K	$193K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: $286.45
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $269.16
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 55 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 Bitget live order book, 55 min ago	4.89 bp	48.3 bp −$48	133.8 bp −$1,338	doesn't fit	doesn't fit

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
Kraken Futures PF_BIGTIMEUSDlong	−0.1264%	1h	0.008164	long leg	$8K	$8K	10x
Hyperliquid BIGTIME	+0.0100%	1h	0.008171	+0.084%	$128K	$86K	3x	as long as short
Binance BIGTIMEUSDT	+0.0100%	4h	0.008169	+0.061%	$1.8M	$2.3M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008167	+0.035%	$659K	$703K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008160	−0.051%	$432K	$334K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008164	−0.002%	$60K	$26K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008169	+0.059%	$443K	$174K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008171	+0.084%	$232K	$27K	20x	as long as short
Bitget BIGTIMEUSDTshort	+0.0100%	4h	0.008168	+0.047%	$551K	$193K	50x
BingX BIGTIME-USDT	+0.0100%	4h	0.008168	+0.047%	—	$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	0.008169	+0.055%	$10K	$555	—	as long as short
BloFin BIGTIME-USDT	+0.0120%	4h	0.008179	+0.182%	$90K	$6K	50x	as long as short