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: Bitget against Bybit+0.043%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$281as in the Price arb table

costs, in and out, $10k−$2772.767% of the position

Long on Bybit Short on Bitget

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)+0.034%+$3 · spread now +0.043%, 7d avg +0.083%

Together, before fees+0.058%+$6 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: Bitget is 0.040% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FOGOUSDT	0.006927	0.0100	pay 0.0050% / 4h	1h 43m	$777K	$191K	50x
Short	Bitget FOGOUSDT	0.006930	0.0100	get 0.0050% / 4h	1h 43m	$130K	$90K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.083%: −$4.01
Slippage, 4 orders: −$253.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$280.75
Costs to cover: 2.767%
Break-even: never at this rate

Slippage from Bybit: live order book, 17 min ago; Bitget: live order book, 11 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 Bybit live order book, 17 min ago	4.31 bp	78.9 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 11 min ago	14.45 bp	63.8 bp −$64	351.3 bp −$3,513	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	0.006946	+0.274%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006929	+0.029%	$707K	$307K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006920	−0.107%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006932	+0.072%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDTlong	+0.0100%	4h	0.006927	long leg	$777K	$191K	50x
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006927	0.000%	$523K	$857K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006930	+0.043%	$114K	$50K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006932	+0.072%	$320K	$123K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006920	−0.101%	$284K	$94K	50x	as long as short
Bitget FOGOUSDTshort	+0.0100%	4h	0.006930	+0.043%	$130K	$90K	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	0.006932	+0.072%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006910	−0.241%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006920	−0.101%	$1K	$1.2M	20x	as long as short