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 Bybit+0.029%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$303as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$3053.052% of the position

Long on Bybit Short on Gate

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)−0.262%−$26 · spread now +0.029%, 7d avg −0.042%

Together, before fees−0.238%−$24 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 0.071% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FOGOUSDT	0.006898	0.0100	pay 0.0050% / 4h	52m 40s	$762K	$190K	50x
Short	Gate FOGO_USDT	0.006900	0.0100	get 0.0050% / 4h	52m 40s	$110K	$51K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → −0.042%: $7.08
Slippage, 4 orders: −$279.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$298.14
Costs to cover: 3.052%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 62 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, 2 min ago	8.70 bp	64.7 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	14.43 bp	91.5 bp −$92	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	0.006909	+0.159%	$11K	$10K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006897	−0.014%	$704K	$297K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006910	+0.176%	$12K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006907	+0.127%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDTlong	+0.0100%	4h	0.006898	long leg	$762K	$190K	50x
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006894	−0.058%	$525K	$858K	10x	as long as short
Gate FOGO_USDTshort	+0.0100%	4h	0.006900	+0.029%	$110K	$51K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006907	+0.130%	$318K	$122K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006900	+0.029%	$283K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006900	+0.029%	$130K	$69K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FOGO-USDT	+0.0100%	4h	0.006901	+0.043%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006901	+0.049%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006890	−0.116%	$1K	$1.2M	20x	as long as short