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: Gate against OKX+0.088%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2312.306% of the position

Long on OKX Short on Gate

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)−0.042%−$4 · spread now +0.088%, 7d avg +0.017%

Together, before fees+0.002%$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: Gate is 0.071% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FOGO-USDT-SWAP	0.006824	0.0100	pay 0.0050% / 4h	6m 38s	$514K	$806K	10x
Short	Gate FOGO_USDT	0.006830	0.0100	get 0.0050% / 4h	6m 38s	$109K	$47K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.017%: $7.05
Slippage, 4 orders: −$205.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$223.55
Costs to cover: 2.306%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Gate: live order book, 63 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, 5 min ago	2.93 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 63 min ago	7.39 bp	111.1 bp −$111	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	0.006847	+0.337%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006826	+0.029%	$710K	$306K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006839	+0.227%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006839	+0.227%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006829	+0.073%	$753K	$182K	50x	as long as short
OKX FOGO-USDT-SWAPlong	+0.0100%	4h	0.006824	long leg	$514K	$806K	10x
Gate FOGO_USDTshort	+0.0100%	4h	0.006830	+0.088%	$109K	$47K	50x
MEXC FOGO_USDT	+0.0100%	4h	0.006839	+0.220%	$326K	$125K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006840	+0.234%	$283K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006840	+0.234%	$127K	$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	0.006831	+0.103%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006826	+0.022%	$96K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006830	+0.088%	$1K	$1.2M	20x	as long as short