Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.142%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$892as in the Funding arb table

Net, price: spread back to 7d avg − costs−$870as in the Price arb table

costs, in and out, $10k−$8928.919% of the position

Long on Bitget 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)−0.266%−$27 · spread now +0.142%, 7d avg −0.078%

Together, before fees−0.266%−$27 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 0.220% dearer against Bitget than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FOGOUSDT	0.007040	0.0100	pay 0.0050% / 4h	1h 36m	$139K	$62K	25x
Short	KuCoin FOGOUSDTM	0.007050	0.0100	get 0.0050% / 4h	1h 36m	$287K	$94K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → −0.078%: $21.99
Slippage, 4 orders: −$867.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$869.91
Costs to cover: 8.919%
Break-even: never at this rate

Slippage from Bitget: live order book, 63 min ago; KuCoin: live order book, 5 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, 63 min ago	14.47 bp	65.1 bp −$65	400.5 bp −$4,005	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	28.41 bp	451.0 bp −$451	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	0.007044	+0.057%	$12K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.007026	−0.199%	$715K	$192K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.007037	−0.049%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.007034	−0.085%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.007032	−0.114%	$761K	$209K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.007022	−0.256%	$537K	$894K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.007030	−0.142%	$113K	$52K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.007036	−0.057%	$318K	$124K	50x	as long as short
KuCoin FOGOUSDTMshort	+0.0100%	4h	0.007050	+0.142%	$287K	$94K	50x
Bitget FOGOUSDTlong	+0.0100%	4h	0.007040	long leg	$139K	$62K	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	0.007033	−0.099%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.007038	−0.025%	$99K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.007030	−0.142%	$1K	$1.2M	20x	as long as short