Funding arb · Price arb /

FOGO

all FOGO markets

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: Bitget against KuCoin0.000%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$861as in the Funding arb table

Net, price: spread back to 7d avg − costs−$869as in the Price arb table

costs, in and out, $10k−$8618.611% of the position

Long on KuCoin Short on Bitget

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)+0.129%+$13 · spread now 0.000%, 7d avg +0.080%

Together, before fees+0.129%+$13 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: Bitget is 0.080% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FOGOUSDTM	0.007060	0.0100	pay 0.0050% / 4h	42m 09s	$287K	$94K	50x
Short	Bitget FOGOUSDT	0.007060	0.0100	get 0.0050% / 4h	42m 09s	$140K	$64K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.080%: −$8.02
Slippage, 4 orders: −$837.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$869.16
Costs to cover: 8.611%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; Bitget: live order book, 52 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, 60 min ago	28.41 bp	331.9 bp −$332	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 52 min ago	7.12 bp	37.4 bp −$37	225.3 bp −$2,253	doesn't fit	doesn't fit

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	0.007083	+0.326%	$12K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.007063	+0.042%	$718K	$193K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.007066	+0.089%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.007071	+0.160%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.007060	0.000%	$779K	$222K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.007060	0.000%	$537K	$915K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.007050	−0.142%	$116K	$57K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.007070	+0.142%	$318K	$124K	50x	as long as short
KuCoin FOGOUSDTMlong	+0.0100%	4h	0.007060	long leg	$287K	$94K	50x
Bitget FOGOUSDTshort	+0.0100%	4h	0.007060	0.000%	$140K	$64K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FOGO-USDT	+0.0100%	4h	0.007062	+0.028%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.007061	+0.016%	$99K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.007060	0.000%	$1K	$1.2M	20x	as long as short