Funding arb · Price arb /

FOGO

all FOGO markets

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: Binance against Gate+0.473%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$2132.125% of the position

Long on Gate Short on Binance

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)−0.362%−$36 · spread now +0.473%, 7d avg +0.126%

Together, before fees−0.362%−$36 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: Binance is 0.348% dearer against Gate than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FOGO_USDT	0.006810	0.0100	pay 0.0050% / 4h	58m 26s	$108K	$47K	50x
Short	Binance FOGOUSDT	0.006842	0.0100	get 0.0050% / 4h	58m 26s	$1.9M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.473%Rate

Funding earned: $0
Price spread: +0.473% → +0.126%: $34.76
Slippage, 4 orders: −$187.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$177.78
Costs to cover: 2.125%
Break-even: never at this rate

Slippage from Gate: live order book, 12 min ago; Binance: live order book, 6 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 Gate live order book, 12 min ago	7.39 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.21 bp	26.7 bp −$27	105.1 bp −$1,051	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	0.006851	+0.602%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006840	+0.441%	$728K	$294K	3x	as long as short
Binance FOGOUSDTshort	+0.0100%	4h	0.006842	+0.473%	$1.9M	$2.0M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006835	+0.367%	$760K	$174K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006841	+0.455%	$513K	$790K	10x	as long as short
Gate FOGO_USDTlong	+0.0100%	4h	0.006810	long leg	$108K	$47K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006833	+0.338%	$330K	$120K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006820	+0.147%	$283K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006820	+0.147%	$127K	$99K	25x	as long as short
BingX FOGO-USDT	+0.0100%	4h	0.006820	+0.147%	—	$1.2M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FOGO	+0.0100%	4h	0.006802	−0.124%	$95K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006810	0.000%	$2K	$1.1M	20x	as long as short
Aster FOGOUSDT	+0.0105%	4h	0.006809	−0.012%	$12K	$13K	5x	as long as short