Settings8H · net · $10k
Funding arb · Price arb /

FOGO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against SunX+0.087%7-day average −0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$7 on $10k
Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.087%, 7d avg −0.012%
Together, before fees−0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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: Hyperliquid is 0.099% dearer against SunX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX FOGO-USDT0.0069200.0100pay 0.0050% / 4h2h 32m$2K$1.2M20x
ShortHyperliquid FOGO0.0069260.0100get 0.0013% / 1h32m 03s$706K$195K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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

Funding earned
$0
Price spread: +0.087% → −0.012%
$9.92
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$7.08
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 1 min ago; Hyperliquid: live order book, 48 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 1 min ago504.32 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 48 min ago5.77 bp30.9 bp −$31doesn't fitdoesn't fitdoesn't fit

FOGO on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter FOGO+0.0096%1h0.006943+0.332%$11K$9K3xas long as short
Hyperliquid FOGOshort+0.0100%1h0.006926+0.087%$706K$195K3x
Aster FOGOUSDT+0.0100%4h0.006939+0.275%$13K$13K5xas long as short
Binance FOGOUSDT+0.0100%4h0.006933+0.186%$1.9M$2.0M50xas long as short
Bybit FOGOUSDT+0.0100%4h0.006922+0.029%$751K$197K50xas long as short
OKX FOGO-USDT-SWAP+0.0100%4h0.006921+0.014%$530K$853K10xas long as short
Gate FOGO_USDT+0.0100%4h0.006930+0.145%$112K$53K50xas long as short
MEXC FOGO_USDT+0.0100%4h0.006934+0.202%$314K$125K50xas long as short
KuCoin FOGOUSDTM+0.0100%4h0.006940+0.289%$282K$94K50xas long as short
Bitget FOGOUSDT+0.0100%4h0.0069200.000%$135K$57K25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX FOGO-USDT+0.0100%4h0.006932+0.173%$1.3Mas long as short
Variational Omni FOGO+0.0100%4h0.006928+0.115%$97K$2Kas long as short
SunX FOGO-USDTlong+0.0100%4h0.006920long leg$2K$1.2M20x