Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against KuCoin+0.632%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.632% dearer against KuCoin than usual: you sell high and buy low, +$63 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FOGOUSDTM	0.006960	0.0100	pay 0.0050% / 4h	2h 51m	$283K	$94K	50x
Short	Lighter FOGO	0.007004	0.0096	get 0.0012% / 1h	51m 13s	$11K	$9K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.632%Rate

Funding earned: −$0.84
Price spread: +0.632% → 0.000%: $63.22
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $50.38
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 6 min ago; Lighter: no order-book sample. Net counts fees only.

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, 6 min ago	21.54 bp	428.0 bp −$428	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 FOGOshort	+0.0096%	1h	0.007004	+0.632%	$11K	$9K	3x
Hyperliquid FOGO	+0.0100%	1h	0.006984	+0.345%	$711K	$196K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006963	+0.040%	$13K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006994	+0.489%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006989	+0.417%	$759K	$196K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006985	+0.359%	$533K	$855K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006960	0.000%	$112K	$53K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006990	+0.431%	$321K	$121K	50x	as long as short
KuCoin FOGOUSDTMlong	+0.0100%	4h	0.006960	long leg	$283K	$94K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006980	+0.287%	$136K	$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-USDT	+0.0100%	4h	0.006966	+0.086%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006961	+0.018%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006980	+0.287%	$1K	$1.2M	20x	as long as short