Funding arb · Price arb /

FOGO

all FOGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.385%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1481.483% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.279%+$28 · spread now −0.385%, 7d avg −0.072%

Together, before fees+0.279%+$28 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: BingX is 0.313% cheaper against Binance than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FOGOUSDT	0.006976	0.0100	pay 0.0050% / 4h	3m 11s	$1.9M	$2.1M	50x
Short	BingX FOGO-USDT	0.006949	0.0100	get 0.0050% / 4h	3m 11s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.385%Rate

Funding earned: $0
Price spread: −0.385% → −0.072%: −$31.3
Slippage, 4 orders: −$128.29
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$179.59
Costs to cover: 1.483%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; BingX: live order book, 3 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 Binance live order book, 1 min ago	2.87 bp	38.7 bp −$39	379.2 bp −$3,792	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	7.91 bp	32.6 bp −$33	97.8 bp −$978	800.4 bp −$80.0K	1274.9 bp −$637.4K

FOGO on 13 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
Lighter FOGO	+0.0096%	1h	0.006985	+0.131%	$11K	$10K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006969	−0.098%	$710K	$292K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006965	−0.162%	$13K	$12K	5x	as long as short
Binance FOGOUSDTlong	+0.0100%	4h	0.006976	long leg	$1.9M	$2.1M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006967	−0.127%	$760K	$200K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006964	−0.170%	$531K	$869K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006960	−0.227%	$112K	$54K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006976	+0.002%	$320K	$125K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006960	−0.227%	$286K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006970	−0.084%	$135K	$64K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FOGO-USDTshort	+0.0100%	4h	0.006949	−0.385%	—	$1.3M	—
Variational Omni FOGO	+0.0100%	4h	0.006946	−0.424%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006960	−0.227%	$2K	$1.2M	20x	as long as short