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: Gate against KuCoin0.000%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$984as in the Funding arb table

Net, price: spread back to 7d avg − costs−$980as in the Price arb table

costs, in and out, $10k−$9849.844% of the position

Long on KuCoin Short on Gate

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)−0.031%−$3 · spread now 0.000%, 7d avg −0.047%

Together, before fees−0.031%−$3 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: Gate is 0.047% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FOGOUSDTM	0.007030	0.0100	pay 0.0050% / 4h	1h 35m	$286K	$94K	50x
Short	Gate FOGO_USDT	0.007030	0.0100	get 0.0050% / 4h	1h 35m	$113K	$52K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.047%: $4.66
Slippage, 4 orders: −$957.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$979.78
Costs to cover: 9.844%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Gate: live order book, 65 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, 7 min ago	28.41 bp	331.9 bp −$332	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	14.45 bp	105.1 bp −$105	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	0.007045	+0.213%	$12K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.007024	−0.085%	$715K	$192K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.007031	+0.018%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.007031	+0.014%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.007027	−0.043%	$761K	$209K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.007024	−0.085%	$537K	$894K	10x	as long as short
Gate FOGO_USDTshort	+0.0100%	4h	0.007030	0.000%	$113K	$52K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.007030	0.000%	$318K	$124K	50x	as long as short
KuCoin FOGOUSDTMlong	+0.0100%	4h	0.007030	long leg	$286K	$94K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.007030	0.000%	$139K	$62K	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	0.007023	−0.100%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.007017	−0.188%	$99K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.007020	−0.142%	$2K	$1.2M	20x	as long as short