Funding arb · Price arb /

FOGO

all FOGO markets

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: Bybit against Bitget−0.030%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2492.492% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.030%, 7d avg −0.088%

Together, before fees−0.082%−$8 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: Bybit is 0.058% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FOGOUSDT	0.006730	0.0100	pay 0.0050% / 4h	1h 49m	$126K	$105K	25x
Short	Bybit FOGOUSDT	0.006728	0.0100	get 0.0050% / 4h	1h 49m	$748K	$176K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.088%: $5.8
Slippage, 4 orders: −$226.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$243.4
Costs to cover: 2.492%
Break-even: never at this rate

Slippage from Bitget: live order book, 24 min ago; Bybit: live order book, 30 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, 24 min ago	14.84 bp	35.5 bp −$35	294.9 bp −$2,949	doesn't fit	doesn't fit
Sell Bybit live order book, 30 min ago	10.38 bp	87.6 bp −$88	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
OKX FOGO-USDT-SWAP	+0.0045%	4h	0.006720	−0.149%	$505K	$772K	10x	as long as short
Lighter FOGO	+0.0096%	1h	0.006732	+0.030%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006724	−0.089%	$735K	$290K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006734	+0.053%	$12K	$15K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006727	−0.045%	$1.8M	$2.0M	50x	as long as short
Bybit FOGOUSDTshort	+0.0100%	4h	0.006728	−0.030%	$748K	$176K	50x
Gate FOGO_USDT	+0.0100%	4h	0.006720	−0.149%	$107K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006726	−0.059%	$325K	$121K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006730	0.000%	$266K	$24K	50x	as long as short
Bitget FOGOUSDTlong	+0.0100%	4h	0.006730	long leg	$126K	$105K	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	0.006730	0.000%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006740	+0.155%	$95K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006720	−0.149%	$1K	$1.1M	20x	as long as short