Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Variational Omni+0.133%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 4 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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.133% dearer against Variational Omni than usual: you sell high and buy low, +$13 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	0.006939	0.0100	pay 0.0050% / 4h	3h 11m	$97K	$2K	—
Short	Lighter FOGO	0.006948	0.0096	get 0.0012% / 1h	11m 49s	$11K	$9K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$0.84
Price spread: +0.133% → 0.000%: $13.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $12.44
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Lighter: no order-book sample. 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 Lighter no order-book sample	—	—	—	—	—

Variational Omni and Lighter: 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 FOGOshort	+0.0096%	1h	0.006948	+0.133%	$11K	$9K	3x
Hyperliquid FOGO	+0.0100%	1h	0.006931	−0.112%	$706K	$292K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006940	+0.014%	$13K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006939	−0.003%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006936	−0.040%	$756K	$200K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006930	−0.127%	$528K	$866K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006930	−0.127%	$112K	$53K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006937	−0.026%	$318K	$124K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006940	+0.018%	$282K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006940	+0.018%	$134K	$63K	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	0.006933	−0.083%	—	$1.3M	—	as long as short
Variational Omni FOGOlong	+0.0100%	4h	0.006939	long leg	$97K	$2K	—
SunX FOGO-USDT	+0.0100%	4h	0.006920	−0.271%	$1K	$1.2M	20x	as long as short