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 −0.018%

Price spread now: OKX against Gate−0.102%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2312.307% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.102%, 7d avg −0.019%

Together, before fees+0.079%+$8 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 0.083% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FOGO_USDT	0.006880	0.0100	pay 0.0050% / 4h	54m 57s	$109K	$47K	50x
Short	OKX FOGO-USDT-SWAP	0.006873	0.0100	get 0.0050% / 4h	54m 57s	$514K	$801K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.019%: −$8.32
Slippage, 4 orders: −$205.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$239.07
Costs to cover: 2.307%
Break-even: never at this rate

Slippage from Gate: live order book, 15 min ago; OKX: live order book, 21 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, 15 min ago	7.39 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 21 min ago	2.96 bp	36.0 bp −$36	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	0.006875	−0.073%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006860	−0.291%	$716K	$307K	3x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006875	−0.079%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006869	−0.160%	$759K	$181K	50x	as long as short
OKX FOGO-USDT-SWAPshort	+0.0100%	4h	0.006873	−0.102%	$514K	$801K	10x
Gate FOGO_USDTlong	+0.0100%	4h	0.006880	long leg	$109K	$47K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006871	−0.131%	$330K	$121K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006880	0.000%	$286K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006870	−0.145%	$128K	$101K	25x	as long as short
BingX FOGO-USDT	+0.0100%	4h	0.006876	−0.058%	—	$1.3M	—	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	0.006867	−0.188%	$96K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006860	−0.291%	$1K	$1.1M	20x	as long as short
Aster FOGOUSDT	+0.0175%	4h	0.006875	−0.071%	$12K	$13K	5x	as long as short