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: Variational Omni against BingX+0.071%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.071% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX FOGO-USDT	0.006936	0.0100	pay 0.0050% / 4h	2h 31m	—	$1.3M	—
Short	Variational Omni FOGO	0.006941	0.0100	get 0.0050% / 4h	2h 31m	$97K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → 0.000%: $7.1
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.9
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 4 min ago	7.93 bp	39.9 bp −$40	148.1 bp −$1,481	1149.4 bp −$114.9K	1403.6 bp −$701.8K
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.006951	+0.216%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006934	−0.029%	$709K	$306K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006933	−0.040%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006939	+0.043%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006932	−0.058%	$764K	$182K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006932	−0.058%	$523K	$848K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006930	−0.087%	$110K	$46K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006942	+0.087%	$321K	$123K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006940	+0.058%	$286K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006930	−0.087%	$131K	$91K	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	0.006936	long leg	—	$1.3M	—
Variational Omni FOGOshort	+0.0100%	4h	0.006941	+0.071%	$97K	$2K	—
SunX FOGO-USDT	+0.0100%	4h	0.006940	+0.058%	$2K	$1.2M	20x	as long as short