FOGO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against Hyperliquid+0.249%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.249% dearer against Hyperliquid than usual: you sell high and buy low, +$25 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	0.006831	0.0100	pay 0.0013% / 1h	9m 20s	$711K	$306K	3x
Short	Lighter FOGO	0.006848	0.0096	get 0.0012% / 1h	9m 20s	$11K	$11K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.249%Rate

Funding earned: −$0.84
Price spread: +0.249% → 0.000%: $24.89
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $15.05
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 61 min ago; Lighter: 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, 61 min ago	2.22 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 FOGOshort	+0.0096%	1h	0.006848	+0.249%	$11K	$11K	3x
Hyperliquid FOGOlong	+0.0100%	1h	0.006831	long leg	$711K	$306K	3x
Aster FOGOUSDT	+0.0100%	4h	0.006839	+0.124%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006840	+0.130%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006831	0.000%	$754K	$182K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006826	−0.073%	$514K	$807K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006830	−0.015%	$109K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006839	+0.117%	$326K	$125K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006830	−0.015%	$282K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006840	+0.132%	$127K	$100K	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	0.006834	+0.044%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006826	−0.080%	$96K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006830	−0.015%	$1K	$1.2M	20x	as long as short