Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Binance against OKX+0.104%7-day average +0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1011.005% of the position

Long on OKX Short on Binance

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)−0.014%−$1 · spread now +0.104%, 7d avg +0.144%

Together, before fees+0.030%+$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: Binance is 0.041% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FOGO-USDT-SWAP	0.006753	0.0100	pay 0.0050% / 4h	1h 21m	$507K	$789K	10x
Short	Binance FOGOUSDT	0.006760	0.0100	get 0.0050% / 4h	1h 21m	$1.8M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.144%: −$4.08
Slippage, 4 orders: −$80.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$104.6
Costs to cover: 1.005%
Break-even: never at this rate

Slippage from OKX: live order book, 60 min ago; Binance: live order book, 13 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 OKX live order book, 60 min ago	0.74 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.48 bp	26.0 bp −$26	110.1 bp −$1,101	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	0.006768	+0.222%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006750	−0.044%	$738K	$279K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006738	−0.219%	$12K	$14K	5x	as long as short
Binance FOGOUSDTshort	+0.0100%	4h	0.006760	+0.104%	$1.8M	$2.1M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006750	−0.044%	$750K	$176K	50x	as long as short
OKX FOGO-USDT-SWAPlong	+0.0100%	4h	0.006753	long leg	$507K	$789K	10x
Gate FOGO_USDT	+0.0100%	4h	0.006730	−0.341%	$107K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006762	+0.133%	$327K	$123K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006750	−0.044%	$280K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006750	−0.044%	$126K	$105K	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	0.006750	−0.044%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006749	−0.064%	$95K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006750	−0.044%	$1K	$1.2M	20x	as long as short