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 −0.018%

Price spread now: OKX against Bybit+0.086%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2092.095% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.086%, 7d avg −0.059%

Together, before fees−0.160%−$16 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: OKX is 0.145% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FOGOUSDT	0.006983	0.0100	pay 0.0050% / 4h	3h 54m	$761K	$200K	50x
Short	OKX FOGO-USDT-SWAP	0.006989	0.0100	get 0.0050% / 4h	3h 54m	$532K	$871K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → −0.059%: $14.5
Slippage, 4 orders: −$188.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$194.98
Costs to cover: 2.095%
Break-even: never at this rate

Slippage from Bybit: live order book, 60 min ago; OKX: live order book, 61 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, 60 min ago	8.70 bp	64.7 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 61 min ago	4.34 bp	37.8 bp −$38	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	0.007010	+0.387%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006988	+0.072%	$712K	$291K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006990	+0.106%	$13K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006995	+0.172%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDTlong	+0.0100%	4h	0.006983	long leg	$761K	$200K	50x
OKX FOGO-USDT-SWAPshort	+0.0100%	4h	0.006989	+0.086%	$532K	$871K	10x
Gate FOGO_USDT	+0.0100%	4h	0.006980	−0.043%	$113K	$53K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006999	+0.229%	$321K	$121K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006980	−0.043%	$287K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006990	+0.100%	$135K	$63K	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	0.006991	+0.115%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006982	−0.010%	$98K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006980	−0.043%	$1K	$1.2M	20x	as long as short