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 0.000%

Price spread now: BingX against Variational Omni+0.314%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.314% dearer against Variational Omni than usual: you sell high and buy low, +$31 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni FOGO	0.006910	0.0100	pay 0.0050% / 4h	1h 43m	$97K	$2K	—
Short	BingX FOGO-USDT	0.006932	0.0100	get 0.0050% / 4h	1h 43m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.314%Rate

Funding earned: $0
Price spread: +0.314% → 0.000%: $31.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $21.42
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 2 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	7.95 bp	44.9 bp −$45	114.8 bp −$1,148	761.7 bp −$76.2K	1218.4 bp −$609.2K

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.006946	+0.517%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006929	+0.271%	$707K	$307K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006920	+0.135%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006932	+0.314%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006927	+0.242%	$777K	$191K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006927	+0.242%	$523K	$857K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006930	+0.285%	$114K	$50K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006932	+0.314%	$320K	$123K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006920	+0.141%	$284K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006930	+0.285%	$130K	$90K	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	0.006932	+0.314%	—	$1.3M	—
Variational Omni FOGOlong	+0.0100%	4h	0.006910	long leg	$97K	$2K	—
SunX FOGO-USDT	+0.0100%	4h	0.006920	+0.141%	$1K	$1.2M	20x	as long as short