Settings8H · net · $10k
Funding arb · Price arb /

BIGTIME

all BIGTIME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.107%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1221.218% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.107%, 7d avg +0.035%
Together, before fees−0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 0.073% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BIGTIME-USDT-SWAP0.0083800.0100pay 0.0050% / 4h3h 43m$445K$407K10x
ShortHyperliquid BIGTIME0.0083890.0100get 0.0013% / 1h43m 56s$128K$96K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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

Funding earned
$0
Price spread: +0.107% → +0.035%
$7.29
Slippage, 4 orders
−$102.84
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$114.55
Costs to cover
1.218%
Break-even
never at this rate
Slippage from OKX: live order book, 27 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 27 min ago3.61 bp38.8 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.79 bp22.0 bp −$22doesn't fitdoesn't fitdoesn't fit

BIGTIME on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BIGTIMEUSD−0.0293%1h0.008385+0.057%$7K$4K10xas long as short
BloFin BIGTIME-USDT+0.0076%4h0.008385+0.060%$94K$10K50xas long as short
Hyperliquid BIGTIMEshort+0.0100%1h0.008389+0.107%$128K$96K3x
Binance BIGTIMEUSDT+0.0100%4h0.008387+0.081%$1.8M$2.2M50xas long as short
Bybit BIGTIMEUSDT+0.0100%4h0.008391+0.131%$670K$573K25xas long as short
OKX BIGTIME-USDT-SWAPlong+0.0100%4h0.008380long leg$445K$407K10x
Gate BIGTIME_USDT+0.0100%4h0.0083800.000%$60K$30K50xas long as short
MEXC BIGTIME_USDT+0.0100%4h0.008386+0.072%$462K$194K125xas long as short
KuCoin BIGTIMEUSDTM+0.0100%4h0.008379−0.012%$246K$30K20xas long as short
Bitget BIGTIMEUSDT+0.0100%4h0.008397+0.203%$601K$236K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BIGTIME-USDT+0.0100%4h0.008385+0.060%$2.4Mas long as short
Variational Omni BIGTIME+0.0100%4h0.008384+0.050%$10K$1Kas long as short