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: Binance against Bitget−0.111%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1901.898% of the position

Long on Bitget Short on Binance

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)+0.043%+$4 · spread now −0.111%, 7d avg −0.003%

Together, before fees+0.043%+$4 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: Binance is 0.108% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FOGOUSDT	0.006930	0.0100	pay 0.0050% / 4h	3h 19m	$131K	$99K	25x
Short	Binance FOGOUSDT	0.006922	0.0100	get 0.0050% / 4h	3h 19m	$1.9M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → −0.003%: −$10.78
Slippage, 4 orders: −$167.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$200.57
Costs to cover: 1.898%
Break-even: never at this rate

Slippage from Bitget: live order book, 45 min ago; Binance: live order book, 15 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 Bitget live order book, 45 min ago	7.28 bp	57.8 bp −$58	341.2 bp −$3,412	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	4.31 bp	36.1 bp −$36	125.2 bp −$1,252	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	0.006938	+0.115%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006928	−0.029%	$716K	$317K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006941	+0.157%	$13K	$13K	5x	as long as short
Binance FOGOUSDTshort	+0.0100%	4h	0.006922	−0.111%	$1.9M	$2.1M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006923	−0.101%	$763K	$187K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006917	−0.188%	$524K	$835K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006930	0.000%	$110K	$48K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006935	+0.072%	$321K	$125K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006940	+0.144%	$286K	$94K	50x	as long as short
Bitget FOGOUSDTlong	+0.0100%	4h	0.006930	long leg	$131K	$99K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FOGO-USDT	+0.0100%	4h	0.006936	+0.087%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006928	−0.024%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006910	−0.289%	$1K	$1.2M	20x	as long as short