Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−2.0521%/8h= −2247.1% APRpaid last 24h +1.186%

Price spread now: KuCoin against Kraken Futures−0.203%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 KuCoin

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 −$616 a day on $10k at the current rate, and KuCoin is 0.203% cheaper against Kraken Futures than usual: you would sell low and buy high (−$20 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	0.008277	2.0621	pay 0.2578% / 1h	5m 32s	$8K	$7K	10x
Short	KuCoin BIGTIMEUSDTM	0.008260	0.0100	get 0.0050% / 4h	1h 05m	$232K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.203%Rate

Funding earned: −$4,309.51
Price spread: −0.203% → 0.000%: −$20.28
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4,351.79
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 36 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 KuCoin live order book, 36 min ago	18.76 bp	293.5 bp −$293	doesn't fit	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
BloFin BIGTIME-USDT	+0.0090%	4h	0.008256	−0.251%	$90K	$11K	50x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008265	−0.142%	$128K	$87K	3x	as long as short
Binance BIGTIMEUSDT	+0.0100%	4h	0.008261	−0.191%	$1.8M	$2.3M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008260	−0.203%	$666K	$683K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008259	−0.215%	$435K	$340K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008259	−0.215%	$61K	$30K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008260	−0.203%	$452K	$185K	125x	as long as short
KuCoin BIGTIMEUSDTMshort	+0.0100%	4h	0.008260	−0.203%	$232K	$28K	20x
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008268	−0.106%	$557K	$198K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008264	−0.155%	—	$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	0.008262	−0.178%	$10K	$555	—	as long as short
Kraken Futures PF_BIGTIMEUSDlong	+2.0621%	1h	0.008277	long leg	$8K	$7K	10x