Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: KuCoin against OKX+0.188%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,383as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,375as in the Price arb table

costs, in and out, $10k−$1,38713.870% of the position

Long on OKX Short on KuCoin

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)−0.158%−$16 · spread now +0.188%, 7d avg +0.063%

Together, before fees−0.114%−$11 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: KuCoin is 0.125% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FOGO-USDT-SWAP	0.006907	0.0100	pay 0.0050% / 4h	1h 28m	$535K	$854K	10x
Short	KuCoin FOGOUSDTM	0.006920	0.0100	get 0.0050% / 4h	1h 28m	$283K	$92K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.188%Rate

Funding earned: $0
Price spread: +0.188% → +0.063%: $12.49
Slippage, 4 orders: −$1,365
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,374.52
Costs to cover: 13.870%
Break-even: never at this rate

Slippage from OKX: live order book, 16 min ago; KuCoin: live order book, 5 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, 16 min ago	2.16 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	28.99 bp	680.4 bp −$680	doesn't fit	doesn't fit	doesn't fit

FOGO on 13 exchanges

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	0.006937	+0.434%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006916	+0.130%	$704K	$159K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006916	+0.135%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006924	+0.246%	$1.9M	$1.9M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006915	+0.116%	$745K	$208K	50x	as long as short
OKX FOGO-USDT-SWAPlong	+0.0100%	4h	0.006907	long leg	$535K	$854K	10x
Gate FOGO_USDT	+0.0100%	4h	0.006910	+0.043%	$105K	$52K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006925	+0.261%	$315K	$130K	50x	as long as short
KuCoin FOGOUSDTMshort	+0.0100%	4h	0.006920	+0.188%	$283K	$92K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006910	+0.043%	$136K	$57K	25x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FOGO-USDT	+0.0100%	4h	0.006909	+0.029%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006905	−0.023%	$97K	$125	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006920	+0.188%	$2K	$1.1M	20x	as long as short