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: Bybit against Gate+0.119%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$425as in the Funding arb table

Net, price: spread back to 7d avg − costs−$415as in the Price arb table

costs, in and out, $10k−$4234.227% of the position

Long on Gate Short on Bybit

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)0.000%$0 · spread now +0.119%, 7d avg +0.042%

Together, before fees−0.024%−$2 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: Bybit is 0.077% dearer against Gate than usual: you sell high and buy low, +$8 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	Gate FOGO_USDT	0.006720	0.0100	pay 0.0050% / 4h	1h 49m	$107K	$47K	50x
Short	Bybit FOGOUSDT	0.006728	0.0100	get 0.0050% / 4h	1h 49m	$748K	$176K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.042%: $7.72
Slippage, 4 orders: −$396.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$414.99
Costs to cover: 4.227%
Break-even: never at this rate

Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 30 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, 25 min ago	14.86 bp	62.2 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 30 min ago	10.38 bp	87.6 bp −$88	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
OKX FOGO-USDT-SWAP	+0.0045%	4h	0.006720	0.000%	$505K	$772K	10x	as long as short
Lighter FOGO	+0.0096%	1h	0.006732	+0.179%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006724	+0.060%	$735K	$290K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006734	+0.202%	$12K	$15K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006727	+0.104%	$1.8M	$2.0M	50x	as long as short
Bybit FOGOUSDTshort	+0.0100%	4h	0.006728	+0.119%	$748K	$176K	50x
Gate FOGO_USDTlong	+0.0100%	4h	0.006720	long leg	$107K	$47K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006726	+0.089%	$325K	$121K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006730	+0.149%	$266K	$24K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006730	+0.149%	$126K	$105K	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	0.006730	+0.149%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006740	+0.304%	$95K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006720	0.000%	$1K	$1.1M	20x	as long as short