I installed Ubuntu on a 130 ssd and by default it only allocated one GB of swap space. I know swap space should be at least the size of your RAM so I would like to increase it. Instead of resizing I would like to make a new partition on my 1tb drive. I am wondering if this will hurt the performance of the swap space a lot or just a little because the additional space is on a hard drive and not SSD. Or if having multiple locations is a bad idea.
In general this highly depends on your use case. E.g. if you do not make use of hibernate to disk (which uses swap to hibernate) you do not need that much amount of swap space and 1GB might be sufficient.
To come back to your question. If you are swapping a lot e.g. because you run low on memory all the time and you have one swap partition on a SSD and the other on a HDD, this will impact performance as the HDD will be the bottleneck in this scenario.
If you just want to add some more swap space for some corner cases to prevent the out-of-memory killer, you could add the swap space on your SSD with a higher priority compared to the swap partition on your HDD. That would result in that the swap on the SSD would get filled first, when the swap area on the SSD is exhausted the swap space on the HDD would be used additionally.
man 2 swapon.
Swap pages are allocated from areas in priority order, highest priority first. For areas with different priorities, a higher-priority area is exhausted before using a lower-priority area. If two or more areas have the same priority, and it is the highest priority available, pages are allocated on a round-robin basis between them.
To change the default priority of your swap partitions you would have to add/alter your
/dev/<swap-ssd> swap swap defaults,prio=1000 0 0 /dev/<swap-hdd> swap swap defaults 0 0