Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h +0.298%

Price spread now: MEXC against Kraken Futures−0.054%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 MEXC

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 −$6 a day on $10k at the current rate, and MEXC is 0.054% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 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	0.008046	0.0295	pay 0.0037% / 1h	51m 26s	$8K	$7K	10x
Short	MEXC BIGTIME_USDT	0.008042	0.0100	get 0.0050% / 4h	51m 26s	$400K	$168K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$41.04
Price spread: −0.054% → 0.000%: −$5.41
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$60.45
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 46 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 MEXC live order book, 46 min ago	1.85 bp	9.8 bp −$10	48.4 bp −$484	65.7 bp −$6,569	116.0 bp −$58.0K

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 exchanges

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
OKX BIGTIME-USDT-SWAP	−0.0103%	4h	0.008040	−0.079%	$426K	$277K	10x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008042	−0.054%	$129K	$78K	3x	as long as short
Binance BIGTIMEUSDT	+0.0100%	4h	0.008043	−0.044%	$1.7M	$2.0M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008042	−0.054%	$638K	$701K	25x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008047	+0.008%	$58K	$24K	50x	as long as short
MEXC BIGTIME_USDTshort	+0.0100%	4h	0.008042	−0.054%	$400K	$168K	125x
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008059	+0.157%	$228K	$27K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008048	+0.020%	$543K	$162K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008046	−0.004%	—	$2.3M	—	as long as short
Variational Omni BIGTIME	+0.0100%	4h	0.008053	+0.087%	$10K	$1	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BIGTIME-USDT	+0.0143%	4h	0.008038	−0.104%	$88K	$5K	50x	as long as short
Kraken Futures PF_BIGTIMEUSDlong	+0.0295%	1h	0.008046	long leg	$8K	$7K	10x