Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Binance−0.028%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1951.955% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.028%, 7d avg −0.083%

Together, before fees−0.022%−$2 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: Bybit is 0.055% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FOGOUSDT	0.006719	0.0100	pay 0.0050% / 4h	2h 38m	$1.8M	$2.1M	50x
Short	Bybit FOGOUSDT	0.006717	0.0100	get 0.0050% / 4h	2h 38m	$747K	$173K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.083%: $5.52
Slippage, 4 orders: −$174.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$189.94
Costs to cover: 1.955%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 46 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, 11 min ago	1.49 bp	13.4 bp −$13	124.0 bp −$1,240	doesn't fit	doesn't fit
Sell Bybit live order book, 46 min ago	8.17 bp	75.8 bp −$76	doesn't fit	doesn't fit	doesn't fit

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
OKX FOGO-USDT-SWAP	−0.0216%	4h	0.006711	−0.117%	$512K	$762K	10x	as long as short
Lighter FOGO	+0.0096%	1h	0.006728	+0.136%	$11K	$15K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006707	−0.177%	$733K	$290K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006723	+0.064%	$12K	$15K	5x	as long as short
Binance FOGOUSDTlong	+0.0100%	4h	0.006719	long leg	$1.8M	$2.1M	50x
Bybit FOGOUSDTshort	+0.0100%	4h	0.006717	−0.028%	$747K	$173K	50x
Gate FOGO_USDT	+0.0100%	4h	0.006710	−0.132%	$107K	$50K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006715	−0.058%	$288K	$113K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006710	−0.132%	$265K	$24K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006720	+0.017%	$126K	$105K	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-USDT	+0.0100%	4h	0.006719	+0.002%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006716	−0.042%	$94K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006700	−0.281%	$2K	$1.1M	20x	as long as short