Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin+0.050%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$791as in the Funding arb table

Net, price: spread back to 7d avg − costs−$782as in the Price arb table

costs, in and out, $10k−$7927.916% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.050%, 7d avg −0.044%

Together, before fees+0.004%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.094% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIGTIMEUSDTM	0.008062	0.0100	pay 0.0050% / 4h	1h 31m	$228K	$27K	20x
Short	Hyperliquid BIGTIME	0.008066	0.0100	get 0.0013% / 1h	31m 31s	$129K	$79K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.044%: $9.38
Slippage, 4 orders: −$770.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$782.27
Costs to cover: 7.916%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Hyperliquid: live order book, 1 min ago.

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 KuCoin live order book, 1 min ago	19.25 bp	521.8 bp −$522	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 1 min ago	0.62 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit

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	+0.0071%	4h	0.008077	+0.186%	$88K	$5K	50x	as long as short
Hyperliquid BIGTIMEshort	+0.0100%	1h	0.008066	+0.050%	$129K	$79K	3x
Binance BIGTIMEUSDT	+0.0100%	4h	0.008063	+0.018%	$1.7M	$2.1M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008060	−0.025%	$638K	$692K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008061	−0.012%	$425K	$286K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008070	+0.099%	$58K	$25K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008061	−0.012%	$415K	$170K	125x	as long as short
KuCoin BIGTIMEUSDTMlong	+0.0100%	4h	0.008062	long leg	$228K	$27K	20x
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008065	+0.037%	$544K	$164K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008065	+0.037%	—	$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	0.008105	+0.539%	$10K	$515	—	as long as short
Kraken Futures PF_BIGTIMEUSD	+0.0246%	1h	0.008063	+0.012%	$8K	$7K	10x	as long as short