Settings8H · net · $10k
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Funding arb · Price arb / Crypto

FOGO

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotFOGOUSDT
0.002275spotno funding——$4.0M1xBuy Binance Spot
SHORT
BinanceFOGOUSDT
0.002277−0.0677pay 0.0338% / 4h1h 05m$2.1M$54.7M50xShort Binance
Price gap+0.088%
Funding gap−0.0677% /8h

The gap pays +$27 on $10k if it goes back to its 7d average, but funding costs $20 a day and eats that in about 32 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$15−0.0677% /8h now · paid +0.154% over the last 7D
Price+$27spread +0.088% now, avg −0.187% → +0.275% if it goes back
Costs−$2412.407% of $10k · taker + slippage, in and out
Result−$198−1.98%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.154% in total, about +0.0073%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.088%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

FOGO on 12 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size114.6 / 19.4 bp
    At $10k entering Binance Spot costs 114.6 bp, fee and slippage, 5.9× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Binance runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$20.31Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$20.31.
  • OK: Entry gap works for you+0.088% vs −0.187%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$2.1M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0073%/8h × 21 periods+$15.43
Price spread+0.088% → −0.187% (7d avg)+$27.45
Slippage, 4 orderslive order books−$210.69
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$197.80
Costs to cover2.407%Break-even96.7 days
Slippage: Binance Spot: live order book, 10 min ago; Binance: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot21.88114.6 bp−$1151495.1 bp−$15.0Kdoesn’t fitdoesn’t fit
SELL · SHORTBinance4.3719.4 bp−$1972.0 bp−$720674.3 bp−$67.4Kdoesn’t fit

Closing costs about the same again.

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