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

FOGO

all FOGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid+0.087%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1241.236% 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)−0.063%−$6 · spread now +0.087%, 7d avg +0.086%
Together, before fees+0.012%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid FOGO0.0069260.0100pay 0.0013% / 1h32m 04s$706K$195K3x
ShortBingX FOGO-USDT0.0069320.0100get 0.0050% / 4h2h 32m$1.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: +0.087% → +0.086%
$0.02
Slippage, 4 orders
−$104.62
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$123.6
Costs to cover
1.236%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 48 min ago; BingX: live order book, 9 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, 48 min ago5.77 bp22.3 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago8.67 bp31.3 bp −$3185.6 bp −$856792.0 bp −$79.2K1307.1 bp −$653.6K

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%1h0.006943+0.245%$11K$9K3xas long as short
Hyperliquid FOGOlong+0.0100%1h0.006926long leg$706K$195K3x
Aster FOGOUSDT+0.0100%4h0.006939+0.188%$13K$13K5xas long as short
Binance FOGOUSDT+0.0100%4h0.006933+0.099%$1.9M$2.0M50xas long as short
Bybit FOGOUSDT+0.0100%4h0.006922−0.058%$751K$197K50xas long as short
OKX FOGO-USDT-SWAP+0.0100%4h0.006921−0.072%$530K$853K10xas long as short
Gate FOGO_USDT+0.0100%4h0.006930+0.058%$112K$53K50xas long as short
MEXC FOGO_USDT+0.0100%4h0.006934+0.116%$314K$125K50xas long as short
KuCoin FOGOUSDTM+0.0100%4h0.006940+0.202%$282K$94K50xas long as short
Bitget FOGOUSDT+0.0100%4h0.006920−0.087%$135K$57K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX FOGO-USDTshort+0.0100%4h0.006932+0.087%$1.3M
Variational Omni FOGO+0.0100%4h0.006928+0.028%$97K$2Kas long as short
SunX FOGO-USDT+0.0100%4h0.006920−0.087%$2K$1.2M20xas long as short