Funding arb · Price arb /

FOGO

all FOGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.145%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$953as in the Funding arb table

Net, price: spread back to 7d avg − costs−$965as in the Price arb table

costs, in and out, $10k−$9509.503% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.378%+$38 · spread now −0.145%, 7d avg −0.002%

Together, before fees+0.354%+$35 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: Bybit is 0.143% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.002%.

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	1h 34m	$284K	$94K	50x
Short	Bybit FOGOUSDT	0.006910	0.0100	get 0.0050% / 4h	1h 34m	$775K	$191K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.002%: −$14.25
Slippage, 4 orders: −$927.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$964.54
Costs to cover: 9.503%
Break-even: never at this rate

Slippage from KuCoin: live order book, 61 min ago; Bybit: live order book, 25 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, 61 min ago	36.05 bp	470.1 bp −$470	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 25 min ago	4.31 bp	81.2 bp −$81	doesn't fit	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	0.006938	+0.260%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006905	−0.217%	$705K	$306K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006912	−0.117%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006915	−0.072%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDTshort	+0.0100%	4h	0.006910	−0.145%	$775K	$191K	50x
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006906	−0.202%	$522K	$855K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006910	−0.145%	$113K	$50K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006925	+0.072%	$319K	$123K	50x	as long as short
KuCoin FOGOUSDTMlong	+0.0100%	4h	0.006920	long leg	$284K	$94K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006920	0.000%	$130K	$90K	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	0.006917	−0.043%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006916	−0.056%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006910	−0.145%	$2K	$1.2M	20x	as long as short