Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Aster against Hyperliquid−0.111%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.111% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid FOGO	0.006791	0.0100	pay 0.0013% / 1h	2m 24s	$741K	$279K	3x
Short	Aster FOGOUSDT	0.006783	0.0100	get 0.0050% / 4h	1h 02m	$12K	$14K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → 0.000%: −$11.13
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.13
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Aster: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 8 min ago	2.22 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.006795	+0.059%	$11K	$11K	3x	as long as short
Hyperliquid FOGOlong	+0.0100%	1h	0.006791	long leg	$741K	$279K	3x
Aster FOGOUSDTshort	+0.0100%	4h	0.006783	−0.111%	$12K	$14K	5x
Binance FOGOUSDT	+0.0100%	4h	0.006792	+0.010%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006784	−0.103%	$754K	$174K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006789	−0.029%	$510K	$782K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006780	−0.162%	$108K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006792	+0.015%	$328K	$124K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006790	−0.015%	$282K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006780	−0.162%	$126K	$99K	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	0.006789	−0.029%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006765	−0.389%	$95K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006770	−0.309%	$1K	$1.1M	20x	as long as short