Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.107%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,069as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,066as in the Price arb table

costs, in and out, $10k−$1,06910.685% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.107%, 7d avg +0.078%

Together, before fees+0.043%+$4 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: Binance is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FOGOUSDTM	0.007040	0.0100	pay 0.0050% / 4h	2h 21m	$287K	$94K	50x
Short	Binance FOGOUSDT	0.007048	0.0100	get 0.0050% / 4h	2h 21m	$1.9M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.078%: $2.93
Slippage, 4 orders: −$1,046.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,065.57
Costs to cover: 10.685%
Break-even: never at this rate

Slippage from KuCoin: live order book, 22 min ago; Binance: live order book, 6 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 KuCoin live order book, 22 min ago	28.49 bp	367.8 bp −$368	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	4.26 bp	33.1 bp −$33	120.4 bp −$1,204	doesn't fit	doesn't fit

FOGO on 13 exchanges

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	0.007055	+0.213%	$12K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.007039	−0.014%	$717K	$168K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.007040	+0.005%	$13K	$13K	5x	as long as short
Binance FOGOUSDTshort	+0.0100%	4h	0.007048	+0.107%	$1.9M	$2.0M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.007038	−0.028%	$758K	$223K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.007037	−0.043%	$548K	$895K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.007030	−0.142%	$107K	$54K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.007048	+0.114%	$320K	$133K	50x	as long as short
KuCoin FOGOUSDTMlong	+0.0100%	4h	0.007040	long leg	$287K	$94K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.007040	0.000%	$139K	$63K	25x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FOGO-USDT	+0.0100%	4h	0.007041	+0.014%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.007025	−0.212%	$99K	$125	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.007030	−0.142%	$2K	$1.2M	20x	as long as short