Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter−0.139%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 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: Binance is 0.139% cheaper against Lighter than usual: you would sell low and buy high, −$14 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	Lighter FOGO	0.006942	0.0096	pay 0.0012% / 1h	40m 18s	$11K	$11K	3x
Short	Binance FOGOUSDT	0.006932	0.0100	get 0.0050% / 4h	3h 40m	$1.9M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.139%Rate

Funding earned: $0.84
Price spread: −0.139% → 0.000%: −$13.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.09
Costs to cover: 0.100%
Break-even: 199.4 days

Slippage unknown: Lighter: no order-book sample; Binance: live order book, 9 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	2.16 bp	27.4 bp −$27	123.7 bp −$1,237	doesn't fit	doesn't fit

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 FOGOlong	+0.0096%	1h	0.006942	long leg	$11K	$11K	3x
Hyperliquid FOGO	+0.0100%	1h	0.006926	−0.230%	$716K	$315K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006930	−0.180%	$13K	$13K	5x	as long as short
Binance FOGOUSDTshort	+0.0100%	4h	0.006932	−0.139%	$1.9M	$2.1M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006925	−0.245%	$763K	$187K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006920	−0.317%	$527K	$837K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006920	−0.317%	$110K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006929	−0.187%	$323K	$124K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006940	−0.029%	$286K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006930	−0.173%	$131K	$100K	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	0.006929	−0.187%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006929	−0.181%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006920	−0.317%	$1K	$1.2M	20x	as long as short