Settings8H · net · $10k
Funding arb · Price arb /

FOGO

all FOGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid+0.148%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1371.369% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.075%+$7 on $10k
Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.148%, 7d avg +0.154%
Together, before fees−0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid FOGO0.0069230.0100pay 0.0013% / 1h33m 27s$708K$306K3x
ShortBinance FOGOUSDT0.0069330.0100get 0.0050% / 4h2h 33m$1.9M$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: +0.148% → +0.154%
−$0.57
Slippage, 4 orders
−$117.94
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$137.5
Costs to cover
1.369%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 17 min ago; Binance: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 17 min ago5.07 bp37.7 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 1 min ago2.88 bp34.6 bp −$35151.7 bp −$1,517doesn't fitdoesn't fit

FOGO on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter FOGO+0.0096%1h0.006952+0.419%$11K$9K3xas long as short
Hyperliquid FOGOlong+0.0100%1h0.006923long leg$708K$306K3x
Aster FOGOUSDT+0.0100%4h0.006935+0.170%$13K$13K5xas long as short
Binance FOGOUSDTshort+0.0100%4h0.006933+0.148%$1.9M$2.1M50x
Bybit FOGOUSDT+0.0100%4h0.006934+0.159%$764K$183K50xas long as short
OKX FOGO-USDT-SWAP+0.0100%4h0.0069230.000%$524K$846K10xas long as short
Gate FOGO_USDT+0.0100%4h0.006930+0.101%$110K$46K50xas long as short
MEXC FOGO_USDT+0.0100%4h0.006934+0.159%$321K$123K50xas long as short
KuCoin FOGOUSDTM+0.0100%4h0.006940+0.246%$286K$93K50xas long as short
Bitget FOGOUSDT+0.0100%4h0.006930+0.101%$131K$91K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX FOGO-USDT+0.0100%4h0.006936+0.188%$1.3Mas long as short
Variational Omni FOGO+0.0100%4h0.006941+0.259%$97K$2Kas long as short
SunX FOGO-USDT+0.0100%4h0.006940+0.246%$2K$1.2M20xas long as short