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: Gate against Bitget0.000%7-day average −0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2722.720% of the position

Long on Bitget 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)−0.181%−$18 · spread now 0.000%, 7d avg −0.125%

Together, before fees−0.181%−$18 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 0.125% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.125%.

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	2h 33m	$131K	$91K	25x
Short	Gate FOGO_USDT	0.006930	0.0100	get 0.0050% / 4h	2h 33m	$110K	$46K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.125%: $12.49
Slippage, 4 orders: −$244.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$259.47
Costs to cover: 2.720%
Break-even: never at this rate

Slippage from Bitget: live order book, 26 min ago; Gate: live order book, 27 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, 26 min ago	14.51 bp	55.5 bp −$56	379.3 bp −$3,793	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	14.53 bp	104.3 bp −$104	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	0.006952	+0.317%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006934	+0.058%	$709K	$306K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006934	+0.060%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006933	+0.047%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006934	+0.058%	$764K	$183K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006932	+0.029%	$524K	$848K	10x	as long as short
Gate FOGO_USDTshort	+0.0100%	4h	0.006930	0.000%	$110K	$46K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006943	+0.188%	$321K	$123K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006940	+0.144%	$286K	$93K	50x	as long as short
Bitget FOGOUSDTlong	+0.0100%	4h	0.006930	long leg	$131K	$91K	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	0.006941	+0.158%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006940	+0.144%	$2K	$1.2M	20x	as long as short