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: Gate against Binance−0.101%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$307as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$3073.073% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.101%, 7d avg −0.126%

Together, before fees−0.010%−$1 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: Gate is 0.025% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FOGOUSDT	0.006727	0.0100	pay 0.0050% / 4h	1h 49m	$1.8M	$2.1M	50x
Short	Gate FOGO_USDT	0.006720	0.0100	get 0.0050% / 4h	1h 49m	$107K	$47K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.126%: $2.51
Slippage, 4 orders: −$282.28
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$304.77
Costs to cover: 3.073%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Gate: live order book, 26 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, 15 min ago	1.49 bp	23.9 bp −$24	149.3 bp −$1,493	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	14.86 bp	188.9 bp −$189	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	+0.0045%	4h	0.006720	−0.101%	$505K	$772K	10x	as long as short
Lighter FOGO	+0.0096%	1h	0.006740	+0.197%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006724	−0.041%	$735K	$290K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006733	+0.099%	$12K	$15K	5x	as long as short
Binance FOGOUSDTlong	+0.0100%	4h	0.006727	long leg	$1.8M	$2.1M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006728	+0.018%	$748K	$176K	50x	as long as short
Gate FOGO_USDTshort	+0.0100%	4h	0.006720	−0.101%	$107K	$47K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006727	+0.003%	$325K	$121K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006720	−0.101%	$266K	$24K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006730	+0.048%	$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	0.006729	+0.033%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006740	+0.203%	$95K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006720	−0.101%	$1K	$1.1M	20x	as long as short