Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.116%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$666as in the Funding arb table

Net, price: spread back to 7d avg − costs−$679as in the Price arb table

costs, in and out, $10k−$6666.660% of the position

Long on KuCoin Short on BingX

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)+0.173%+$17 · spread now −0.116%, 7d avg +0.016%

Together, before fees+0.173%+$17 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: BingX is 0.132% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FOGOUSDTM	0.006920	0.0100	pay 0.0050% / 4h	3h 00m	$282K	$94K	50x
Short	BingX FOGO-USDT	0.006912	0.0100	get 0.0050% / 4h	3h 00m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → +0.016%: −$13.18
Slippage, 4 orders: −$643.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$679.16
Costs to cover: 6.660%
Break-even: never at this rate

Slippage from KuCoin: live order book, 71 min ago; BingX: live order book, 15 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, 71 min ago	21.50 bp	319.0 bp −$319	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	7.93 bp	33.7 bp −$34	93.8 bp −$938	839.4 bp −$83.9K	1342.0 bp −$671.0K

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	0.006929	+0.130%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006912	−0.116%	$703K	$199K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006915	−0.065%	$12K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006917	−0.037%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006910	−0.145%	$753K	$195K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006912	−0.116%	$527K	$846K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006910	−0.145%	$111K	$53K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006918	−0.029%	$317K	$124K	50x	as long as short
KuCoin FOGOUSDTMlong	+0.0100%	4h	0.006920	long leg	$282K	$94K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006910	−0.145%	$133K	$56K	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-USDTshort	+0.0100%	4h	0.006912	−0.116%	—	$1.3M	—
Variational Omni FOGO	+0.0100%	4h	0.006913	−0.097%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006910	−0.145%	$2K	$1.2M	20x	as long as short