Funding arb · Price arb /

FOGO

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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: SunX against Bitget0.000%7-day average −0.137% · you sell dearer than you buy

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now 0.000%, 7d avg −0.137%

Together, before fees−0.036%−$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: SunX is 0.137% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FOGOUSDT	0.006830	0.0100	pay 0.0050% / 4h	6m 54s	$127K	$100K	25x
Short	SunX FOGO-USDT	0.006830	0.0100	get 0.0050% / 4h	6m 54s	$1K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.137%: $13.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$6.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 62 min ago; SunX: live order book, 7 min ago. 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 Bitget live order book, 62 min ago	7.39 bp	38.2 bp −$38	303.5 bp −$3,035	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	504.76 bp	doesn't fit	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	0.006846	+0.234%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006830	0.000%	$711K	$306K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006839	+0.139%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006840	+0.146%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006829	−0.015%	$753K	$182K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006824	−0.088%	$514K	$806K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006830	0.000%	$109K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006839	+0.132%	$326K	$125K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006840	+0.146%	$283K	$93K	50x	as long as short
Bitget FOGOUSDTlong	+0.0100%	4h	0.006830	long leg	$127K	$100K	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	0.006831	+0.015%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006826	−0.066%	$96K	$2K	—	as long as short
SunX FOGO-USDTshort	+0.0100%	4h	0.006830	0.000%	$1K	$1.2M	20x