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 0.000%

Price spread now: KuCoin against Gate+0.144%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$734as in the Funding arb table

Net, price: spread back to 7d avg − costs−$724as in the Price arb table

costs, in and out, $10k−$7347.339% of the position

Long on Gate Short on KuCoin

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)−0.093%−$9 · spread now +0.144%, 7d avg +0.048%

Together, before fees−0.093%−$9 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: KuCoin is 0.096% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FOGO_USDT	0.006940	0.0100	pay 0.0050% / 4h	2h 55m	$112K	$53K	50x
Short	KuCoin FOGOUSDTM	0.006950	0.0100	get 0.0050% / 4h	2h 55m	$283K	$94K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.048%: $9.64
Slippage, 4 orders: −$706.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$724.28
Costs to cover: 7.339%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; KuCoin: live order book, 76 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, 49 min ago	14.37 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 76 min ago	21.50 bp	280.1 bp −$280	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	0.006985	+0.648%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006968	+0.403%	$709K	$199K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006948	+0.116%	$13K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006975	+0.503%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006957	+0.245%	$756K	$196K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006964	+0.346%	$531K	$853K	10x	as long as short
Gate FOGO_USDTlong	+0.0100%	4h	0.006940	long leg	$112K	$53K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006974	+0.490%	$320K	$121K	50x	as long as short
KuCoin FOGOUSDTMshort	+0.0100%	4h	0.006950	+0.144%	$283K	$94K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006960	+0.288%	$135K	$56K	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	0.006943	+0.043%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006961	+0.307%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006950	+0.144%	$2K	$1.2M	20x	as long as short