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 −0.018%

Price spread now: OKX against Binance+0.014%7-day average −0.143% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1561.557% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.014%, 7d avg −0.143%

Together, before fees−0.140%−$14 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: OKX is 0.157% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.143%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FOGOUSDT	0.006915	0.0100	pay 0.0050% / 4h	1h 39m	$1.8M	$2.1M	50x
Short	OKX FOGO-USDT-SWAP	0.006916	0.0100	get 0.0050% / 4h	1h 39m	$522K	$856K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.143%: $15.71
Slippage, 4 orders: −$135.69
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$139.98
Costs to cover: 1.557%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; OKX: live order book, 21 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, 9 min ago	0.73 bp	32.9 bp −$33	263.6 bp −$2,636	doesn't fit	doesn't fit
Sell OKX live order book, 21 min ago	4.30 bp	43.4 bp −$43	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	0.006927	+0.173%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006913	−0.029%	$706K	$306K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006927	+0.178%	$13K	$13K	5x	as long as short
Binance FOGOUSDTlong	+0.0100%	4h	0.006915	long leg	$1.8M	$2.1M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006918	+0.043%	$776K	$191K	50x	as long as short
OKX FOGO-USDT-SWAPshort	+0.0100%	4h	0.006916	+0.014%	$522K	$856K	10x
Gate FOGO_USDT	+0.0100%	4h	0.006910	−0.073%	$113K	$50K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006919	+0.057%	$319K	$123K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006920	+0.072%	$284K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006920	+0.072%	$130K	$90K	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	0.006916	+0.014%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006900	−0.215%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006910	−0.073%	$1K	$1.2M	20x	as long as short