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 BingX−0.117%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2122.116% of the position

Long on BingX 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)+0.009%+$1 · spread now −0.117%, 7d avg −0.065%

Together, before fees+0.009%+$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 0.052% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX FOGO-USDT	0.006818	0.0100	pay 0.0050% / 4h	59m 35s	—	$1.3M	—
Short	Gate FOGO_USDT	0.006810	0.0100	get 0.0050% / 4h	59m 35s	$108K	$47K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.065%: −$5.24
Slippage, 4 orders: −$186.63
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$216.87
Costs to cover: 2.116%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 10 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 BingX live order book, 10 min ago	4.43 bp	22.7 bp −$23	85.2 bp −$852	812.7 bp −$81.3K	1224.8 bp −$612.4K
Sell Gate live order book, 10 min ago	7.39 bp	111.1 bp −$111	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	0.006827	+0.132%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006820	+0.029%	$736K	$288K	3x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006826	+0.117%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006822	+0.059%	$759K	$174K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006820	+0.029%	$512K	$787K	10x	as long as short
Gate FOGO_USDTshort	+0.0100%	4h	0.006810	−0.117%	$108K	$47K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006825	+0.103%	$330K	$120K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006810	−0.117%	$283K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006820	+0.029%	$127K	$99K	25x	as long as short
BingX FOGO-USDTlong	+0.0100%	4h	0.006818	long leg	—	$1.3M	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FOGO	+0.0100%	4h	0.006802	−0.241%	$95K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006800	−0.264%	$1K	$1.1M	20x	as long as short
Aster FOGOUSDT	+0.0105%	4h	0.006805	−0.186%	$12K	$13K	5x	as long as short