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 −0.018%

Price spread now: OKX against Variational Omni−0.070%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on OKX

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: OKX is 0.070% cheaper against Variational Omni than usual: you would sell low and buy high, −$7 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	0.006879	0.0100	pay 0.0050% / 4h	50m 33s	$96K	$2K	—
Short	OKX FOGO-USDT-SWAP	0.006874	0.0100	get 0.0050% / 4h	50m 33s	$523K	$856K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → 0.000%: −$6.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$16.97
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	4.34 bp	37.8 bp −$38	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	0.006893	+0.206%	$11K	$10K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006883	+0.061%	$702K	$297K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006890	+0.156%	$12K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006886	+0.100%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006874	−0.070%	$759K	$190K	50x	as long as short
OKX FOGO-USDT-SWAPshort	+0.0100%	4h	0.006874	−0.070%	$523K	$856K	10x
Gate FOGO_USDT	+0.0100%	4h	0.006880	+0.018%	$110K	$51K	50x	as long as short
MEXC FOGO_USDT	+0.0100%	4h	0.006887	+0.119%	$317K	$122K	50x	as long as short
KuCoin FOGOUSDTM	+0.0100%	4h	0.006890	+0.163%	$283K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006880	+0.018%	$129K	$69K	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	0.006884	+0.076%	—	$1.3M	—	as long as short
Variational Omni FOGOlong	+0.0100%	4h	0.006879	long leg	$96K	$2K	—
SunX FOGO-USDT	+0.0100%	4h	0.006880	+0.018%	$1K	$1.2M	20x	as long as short