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 0.000%

Price spread now: Variational Omni against KuCoin−0.202%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.202% cheaper against KuCoin than usual: you would sell low and buy high, −$20 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	0.006880	0.0100	pay 0.0050% / 4h	3h 59m	$285K	$93K	50x
Short	Variational Omni FOGO	0.006866	0.0100	get 0.0050% / 4h	3h 59m	$96K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.202%Rate

Funding earned: $0
Price spread: −0.202% → 0.000%: −$20.24
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.24
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 61 min ago; Variational Omni: 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, 61 min ago	22.01 bp	389.5 bp −$389	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 FOGO	+0.0096%	1h	0.006890	+0.145%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006870	−0.145%	$714K	$307K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006889	+0.136%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006884	+0.058%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006877	−0.044%	$759K	$179K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006871	−0.131%	$518K	$806K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006870	−0.145%	$109K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006884	+0.058%	$328K	$120K	50x	as long as short
KuCoin FOGOUSDTMlong	+0.0100%	4h	0.006880	long leg	$285K	$93K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006880	0.000%	$128K	$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	0.006872	−0.116%	—	$1.3M	—	as long as short
Variational Omni FOGOshort	+0.0100%	4h	0.006866	−0.202%	$96K	$2K	—
SunX FOGO-USDT	+0.0100%	4h	0.006880	0.000%	$2K	$1.1M	20x	as long as short