Funding arb · Price arb /

BIGTIME

all BIGTIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0318%/8h= −34.9% APRpaid last 24h −1.845%

Price spread now: Kraken Futures against KuCoin+0.220%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.220% dearer against KuCoin than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIGTIMEUSDTM	0.008317	0.0100	pay 0.0050% / 4h	1h 12m	$246K	$27K	20x
Short	Kraken Futures PF_BIGTIMEUSD	0.008335	−0.0218	pay 0.0027% / 1h	12m 16s	$8K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$66.87
Price spread: +0.220% → 0.000%: $21.99
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$66.88
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 8 min ago	7.22 bp	229.6 bp −$230	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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_BIGTIMEUSDshort	−0.0218%	1h	0.008335	+0.220%	$8K	$5K	10x
BloFin BIGTIME-USDT	+0.0090%	4h	0.008334	+0.204%	$94K	$10K	50x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008322	+0.060%	$126K	$97K	3x	as long as short
Binance BIGTIMEUSDT	+0.0100%	4h	0.008327	+0.118%	$1.8M	$2.3M	50x	as long as short
Bybit BIGTIMEUSDT	+0.0100%	4h	0.008323	+0.072%	$681K	$625K	25x	as long as short
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008316	−0.012%	$439K	$386K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008317	0.000%	$60K	$32K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008326	+0.108%	$479K	$183K	125x	as long as short
KuCoin BIGTIMEUSDTMlong	+0.0100%	4h	0.008317	long leg	$246K	$27K	20x
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008323	+0.072%	$597K	$230K	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BIGTIME-USDT	+0.0100%	4h	0.008321	+0.048%	—	$2.3M	—	as long as short
Variational Omni BIGTIME	+0.0100%	4h	0.008319	+0.029%	$10K	$1K	—	as long as short