Funding arb · Price arb /

FOGO

all FOGO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Hyperliquid against Variational Omni+0.420%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.420% dearer against Variational Omni than usual: you sell high and buy low, +$42 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	0.006765	0.0100	pay 0.0050% / 4h	1h 02m	$95K	$2K	—
Short	Hyperliquid FOGO	0.006793	0.0100	get 0.0013% / 1h	2m 08s	$741K	$279K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.420%Rate

Funding earned: $0
Price spread: +0.420% → 0.000%: $42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $33
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	2.22 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit

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	0.006803	+0.568%	$11K	$11K	3x	as long as short
Hyperliquid FOGOshort	+0.0100%	1h	0.006793	+0.420%	$741K	$279K	3x
Aster FOGOUSDT	+0.0100%	4h	0.006783	+0.279%	$12K	$14K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006802	+0.553%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006797	+0.479%	$756K	$174K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006798	+0.494%	$511K	$784K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006780	+0.228%	$108K	$47K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006796	+0.464%	$328K	$124K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006790	+0.376%	$282K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006800	+0.524%	$127K	$99K	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	0.006794	+0.435%	—	$1.3M	—	as long as short
Variational Omni FOGOlong	+0.0100%	4h	0.006765	long leg	$95K	$2K	—
SunX FOGO-USDT	+0.0100%	4h	0.006780	+0.228%	$1K	$1.1M	20x	as long as short