Funding arb · Price arb /

FOGO

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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 −0.018%

Price spread now: OKX against KuCoin−0.014%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$863as in the Funding arb table

Net, price: spread back to 7d avg − costs−$855as in the Price arb table

costs, in and out, $10k−$8598.590% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.014%, 7d avg −0.059%

Together, before fees−0.075%−$8 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: OKX is 0.045% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.059%.

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 54m	$286K	$93K	50x
Short	OKX FOGO-USDT-SWAP	0.006919	0.0100	get 0.0050% / 4h	3h 54m	$523K	$827K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.059%: $4.48
Slippage, 4 orders: −$837.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$854.56
Costs to cover: 8.590%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; OKX: live order book, 17 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, 67 min ago	22.01 bp	389.5 bp −$389	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 17 min ago	2.93 bp	36.9 bp −$37	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	0.006946	+0.376%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006914	−0.087%	$717K	$313K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006919	−0.018%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006919	−0.015%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006920	0.000%	$762K	$184K	50x	as long as short
OKX FOGO-USDT-SWAPshort	+0.0100%	4h	0.006919	−0.014%	$523K	$827K	10x
Gate FOGO_USDT	+0.0100%	4h	0.006910	−0.145%	$109K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006921	+0.014%	$322K	$123K	50x	as long as short
KuCoin FOGOUSDTMlong	+0.0100%	4h	0.006920	long leg	$286K	$93K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006930	+0.145%	$129K	$97K	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	0.006911	−0.130%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006886	−0.498%	$96K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006920	0.000%	$2K	$1.2M	20x	as long as short