Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h +0.425%

Price spread now: OKX against Kraken Futures−0.044%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 OKX

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 −$3 a day on $10k at the current rate, and OKX is 0.044% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 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	0.008170	0.0190	pay 0.0024% / 1h	20m 05s	$8K	$7K	10x
Short	OKX BIGTIME-USDT-SWAP	0.008166	0.0100	get 0.0050% / 4h	2h 20m	$431K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$18.84
Price spread: −0.044% → 0.000%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$43.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 28 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 OKX live order book, 28 min ago	4.89 bp	45.5 bp −$46	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 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
BloFin BIGTIME-USDT	+0.0053%	4h	0.008189	+0.238%	$89K	$5K	50x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008174	+0.054%	$128K	$77K	3x	as long as short
Binance BIGTIMEUSDT	+0.0100%	4h	0.008173	+0.037%	$1.7M	$2.1M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008176	+0.079%	$651K	$687K	25x	as long as short
OKX BIGTIME-USDT-SWAPshort	+0.0100%	4h	0.008166	−0.044%	$431K	$299K	10x
Gate BIGTIME_USDT	+0.0100%	4h	0.008170	+0.005%	$59K	$25K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008174	+0.054%	$436K	$169K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008173	+0.042%	$229K	$26K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008180	+0.128%	$550K	$170K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008177	+0.091%	—	$2.3M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BIGTIME	+0.0100%	4h	0.008180	+0.125%	$10K	$555	—	as long as short
Kraken Futures PF_BIGTIMEUSDlong	+0.0190%	1h	0.008170	long leg	$8K	$7K	10x