Funding arb · Price arb /

FOGO

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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: KuCoin against Binance+0.160%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,103as in the Price arb table

costs, in and out, $10k−$1,12711.269% of the position

Long on Binance Short on KuCoin

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)−0.310%−$31 · spread now +0.160%, 7d avg −0.077%

Together, before fees−0.310%−$31 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: KuCoin is 0.237% dearer against Binance than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FOGOUSDT	0.006869	0.0100	pay 0.0050% / 4h	42m 54s	$1.8M	$2.1M	50x
Short	KuCoin FOGOUSDTM	0.006880	0.0100	get 0.0050% / 4h	42m 54s	$282K	$94K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → −0.077%: $23.7
Slippage, 4 orders: −$1,104.92
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,103.23
Costs to cover: 11.269%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 38 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, 6 min ago	2.92 bp	34.6 bp −$35	288.7 bp −$2,887	doesn't fit	doesn't fit
Sell KuCoin live order book, 38 min ago	28.74 bp	598.1 bp −$598	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
Lighter FOGO	+0.0096%	1h	0.006881	+0.175%	$11K	$10K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006865	−0.058%	$699K	$299K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006877	+0.117%	$12K	$12K	5x	as long as short
Binance FOGOUSDTlong	+0.0100%	4h	0.006869	long leg	$1.8M	$2.1M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006870	+0.015%	$757K	$191K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006867	−0.029%	$524K	$859K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006860	−0.131%	$109K	$51K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006867	−0.029%	$316K	$122K	50x	as long as short
KuCoin FOGOUSDTMshort	+0.0100%	4h	0.006880	+0.160%	$282K	$94K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006870	+0.015%	$131K	$71K	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	0.006866	−0.044%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006855	−0.208%	$96K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006860	−0.131%	$1K	$1.2M	20x	as long as short