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: BingX against OKX+0.145%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

Long on OKX Short on BingX

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)−0.039%−$4 · spread now +0.145%, 7d avg +0.083%

Together, before fees+0.004%$0 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: BingX is 0.062% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FOGO-USDT-SWAP	0.006914	0.0100	pay 0.0050% / 4h	3h 38m	$526K	$837K	10x
Short	BingX FOGO-USDT	0.006924	0.0100	get 0.0050% / 4h	3h 38m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.083%: $6.19
Slippage, 4 orders: −$116.1
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$129.91
Costs to cover: 1.361%
Break-even: never at this rate

Slippage from OKX: live order book, 32 min ago; BingX: live order book, 2 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, 32 min ago	2.93 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	6.50 bp	26.6 bp −$27	91.8 bp −$918	910.0 bp −$91.0K	1338.6 bp −$669.3K

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	0.006933	+0.275%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006915	+0.014%	$718K	$315K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006922	+0.123%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006925	+0.160%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006919	+0.072%	$762K	$187K	50x	as long as short
OKX FOGO-USDT-SWAPlong	+0.0100%	4h	0.006914	long leg	$526K	$837K	10x
Gate FOGO_USDT	+0.0100%	4h	0.006910	−0.058%	$110K	$48K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006924	+0.145%	$322K	$124K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006930	+0.231%	$286K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006920	+0.087%	$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-USDTshort	+0.0100%	4h	0.006924	+0.145%	—	$1.3M	—
Variational Omni FOGO	+0.0100%	4h	0.006929	+0.223%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006910	−0.058%	$2K	$1.2M	20x	as long as short