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 BingX−0.273%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$872as in the Funding arb table

Net, price: spread back to 7d avg − costs−$897as in the Price arb table

costs, in and out, $10k−$8728.716% of the position

Long on BingX 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)+0.262%+$26 · spread now −0.273%, 7d avg −0.019%

Together, before fees+0.262%+$26 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 0.254% cheaper against BingX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX FOGO-USDT	0.006959	0.0100	pay 0.0050% / 4h	2h 24m	—	$1.3M	—
Short	KuCoin FOGOUSDTM	0.006940	0.0100	get 0.0050% / 4h	2h 24m	$286K	$93K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.273%Rate

Funding earned: $0
Price spread: −0.273% → −0.019%: −$25.39
Slippage, 4 orders: −$849.64
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$897.03
Costs to cover: 8.716%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 12 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, 2 min ago	7.90 bp	37.4 bp −$37	174.5 bp −$1,745	1145.3 bp −$114.5K	doesn't fit
Sell KuCoin live order book, 12 min ago	36.05 bp	320.1 bp −$320	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	0.006956	−0.043%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006943	−0.230%	$710K	$306K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006957	−0.033%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006953	−0.086%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006950	−0.129%	$765K	$182K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006946	−0.187%	$523K	$849K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006950	−0.129%	$110K	$46K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006950	−0.129%	$322K	$124K	50x	as long as short
KuCoin FOGOUSDTMshort	+0.0100%	4h	0.006940	−0.273%	$286K	$93K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006950	−0.129%	$132K	$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-USDTlong	+0.0100%	4h	0.006959	long leg	—	$1.3M	—
Variational Omni FOGO	+0.0100%	4h	0.006956	−0.045%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006940	−0.273%	$2K	$1.2M	20x	as long as short