space is A capacity for dynamic balance of the energy that our universe consists of; time is its potential for change.

we know that time is vast like space because from this time (lets take 12:00 AM) to the point of the next hour (1:00 AM) you could be potentially in a wide variety of states, doing a multitude of different things. the potential variety of what you might be doing at the end of that hour is an orientation of where you are in the sea of possibility that is time. the relationship between these two components of reality is an effect of our conscious interaction with space - because we as sentient life have the ability to sustain ourselves through long periods of time we are able to in turn gain this perception of the universe's potential for change on a microcosmic level. I am personally more inclined to believe that the point of all this (the relationship between space and time) is to explore potential states of balance within ourselves given the boundaries that make up our reality, all to be appreciated on some macro-cosmic level within the same context as the mechanism that is space time.