FOGO perps

Perp · Binance, OKX, Hyperliquid · #341 by volume

0.0019900+3.48% 24h

Binance USDT · 24h 0.0018550 – 0.0020310

24h volume: $4.6M; #341 of 914
Open interest: $2.4M; +4.1% contracts · 24h
Spread: 5.05 bps; median · 24h
Size at best price: $468; mean · 24h
Net taker flow: +$6.1K; every contract · 24h
Funding: +0.0050%; per period · BIN

Aperiodic metrics · FOGO · 24 h

Are takers buying or selling FOGO?

Takers bought $6.1K more than they sold on Binance, OKX and Hyperliquid over 24 h; the heaviest hour, 09:25 UTC, saw $31.6K.

+$53.1K0−$53.1K

23:25 UTCnow

flow.volume_delta_notionalbusiest contract on each venue · hourly · 24 h

What does it cost to cross FOGO's spread?

L1 liquidity

5.05 bps median on Binance USDT, wider than 83% of the 200 most traded perps.

#1BTC0.015 bps
#2ETH0.051 bps
#3SOXL1.56 bps
#5SOL1.25 bps
#10AKE3.18 bps
#25XYZ:XYZ1000.35 bps
#50MUU5.64 bps
#100MVLL8.76 bps
#200AIN2.70 bps
#341FOGO5.05 bps

l1_liquidity.spread_bpsbusiest contract · median · 24 h

How much size waits at FOGO's best price?

L1 liquidity

$468 at the best bid and ask on Binance USDT, on average, thinner than 83% of the 200 most traded perps.

#1BTC$651.7K
#2ETH$269.8K
#3SOXL$86.9K
#5SOL$157.5K
#10AKE$553
#25XYZ:XYZ100$165.1K
#50MUU$22.4K
#100MVLL$13.7K
#200AIN$180
#341FOGO$468

l1_liquidity.total_dollar_depthbusiest contract · mean · 24 h

Which way is FOGO's book leaning?

L2 imbalance

Leaned to the ask in 22 of 24 hours on Binance USDT; 46% bids over the day.

59% bid041% bid

23:25 UTCnow

l2_imbalance.imbalance_ratio_10Binance USDT · top 10 levels · hourly

Where does FOGO trade?

OHLCV

Binance USDT took 80% of $4.6M traded in 24 h.

volume sharespread

Binance USDT80%5.05
OKX USDT19%10.0
Hyperliquid USDC1.5%20.0

ohlcv.volume_notionaleach contract · 24 h

Does FOGO trade away from its index?

Basis

26.4 bps below its index on Binance USDT now; 10.8 bps below to 15.2 bps above over 24 h.

+15.2 bps0−15.2 bps

23:25 UTCnow

basis.basis_bpsBinance USDT · hourly

Is leverage building in FOGO?

Open interest

$2.4M open across 3 contracts: +4.1% in contracts, +7.3% in dollars over 24 h.

$2.4M$2.2M

23:25 UTCnow

open_interest.open_interestbusiest contract on each venue · hourly

Who pays funding on FOGO?

Funding

Longs pay on 2 of 3 contracts; Binance USDT charges +0.0050% a period (Hyperliquid’s are hourly).

Binance USDT+0.0050%
OKX USDT−0.0046%
Hyperliquid USDC+0.0013%

← shorts paylongs pay →

funding.funding_rateeach contract · per funding period · now

FOGO's 3 contracts · now

Named by Atlas →

Contract	Price	24h	Volume 24h	Open interest	Funding	Spread	Charts
Binance USDTperpetual-FOGO-USDT:USDT	0.0019900	+3.48%	$3.7M	$1.7M	+0.0050%	5.05	Charts →
OKX USDTperpetual-FOGO-USDT:USDT	0.0019880	+3.60%	$874.7K	$536.6K	−0.0046%	10.0	Charts →
Hyperliquid USDCperpetual-FOGO-USDC:USDC	0.0019880	+3.54%	$70.3K	$178.4K	+0.0013%	20.0	Charts →

History · a year of 5m bars per series · busiest contract on each venue

Every chart for FOGO →

Python

import os
from datetime import date

from aperiodic import get_derivative_metrics, get_metrics

# aperiodic.io/markets: FOGO on Binance, OKX and Hyperliquid
# 5m bars, 2025-11-12 to 2026-11-12. Install: pip install "aperiodic[polars]"
# Needs an API key (https://aperiodic.io/home/api) on a plan with flow, basis, open_interest, funding (Pro) and l1_liquidity, l2_imbalance (Prime).
# OKX: okx-perps l1_liquidity and l2_liquidity count contracts, not coins (BTC-USDT-SWAP is 0.01 BTC each). Multiply by the contract size to match the page.
API_KEY = os.environ["APERIODIC_API_KEY"]
# timestamp="true" keys bars on capture time, as on the page; "exchange" keys them on exchange time.
PERIOD = dict(
    interval="5m",
    timestamp="true",
    start_date=date(2025, 11, 12),
    end_date=date(2026, 11, 12),
)
CONTRACTS = [
    ("binance-futures", "perpetual-FOGO-USDT:USDT"),
    ("okx-perps", "perpetual-FOGO-USDT:USDT"),
    ("hyperliquid-perps", "perpetual-FOGO-USDC:USDC"),
]

frames = {}
for exchange, symbol in CONTRACTS:
    frames["flow", exchange, symbol] = get_metrics(
        api_key=API_KEY,
        metric="flow",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["l1_liquidity", exchange, symbol] = get_metrics(
        api_key=API_KEY,
        metric="l1_liquidity",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["l2_imbalance", exchange, symbol] = get_metrics(
        api_key=API_KEY,
        metric="l2_imbalance",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["basis", exchange, symbol] = get_derivative_metrics(
        api_key=API_KEY,
        metric="basis",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["open_interest", exchange, symbol] = get_derivative_metrics(
        api_key=API_KEY,
        metric="open_interest",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )
    frames["funding", exchange, symbol] = get_derivative_metrics(
        api_key=API_KEY,
        metric="funding",
        exchange=exchange,
        symbol=symbol,
        **PERIOD,
    )

Every number is from Aperiodic's own 5-minute bars, 15 minutes behind.

Contract

Price

24h

Volume 24h

Open interest

Funding

Spread

Binance USDTperpetual-FOGO-USDT:USDT

0.0019900

+3.48%

$3.7M

$1.7M

+0.0050%

5.05

Charts →

OKX USDTperpetual-FOGO-USDT:USDT

0.0019880

+3.60%

$874.7K

$536.6K

−0.0046%

10.0

Charts →

Hyperliquid USDCperpetual-FOGO-USDC:USDC

0.0019880

+3.54%

$70.3K

$178.4K

+0.0013%

20.0

Charts →

import os from datetime import date from aperiodic import get_derivative_metrics, get_metrics # aperiodic.io/markets: FOGO on Binance, OKX and Hyperliquid # 5m bars, 2025-11-12 to 2026-11-12. Install: pip install "aperiodic[polars]" # Needs an API key (https://aperiodic.io/home/api) on a plan with flow, basis, open_interest, funding (Pro) and l1_liquidity, l2_imbalance (Prime). # OKX: okx-perps l1_liquidity and l2_liquidity count contracts, not coins (BTC-USDT-SWAP is 0.01 BTC each). Multiply by the contract size to match the page. API_KEY = os.environ["APERIODIC_API_KEY"] # timestamp="true" keys bars on capture time, as on the page; "exchange" keys them on exchange time. PERIOD = dict( interval="5m", timestamp="true", start_date=date(2025, 11, 12), end_date=date(2026, 11, 12), ) CONTRACTS = [ ("binance-futures", "perpetual-FOGO-USDT:USDT"), ("okx-perps", "perpetual-FOGO-USDT:USDT"), ("hyperliquid-perps", "perpetual-FOGO-USDC:USDC"), ] frames = {} for exchange, symbol in CONTRACTS: frames["flow", exchange, symbol] = get_metrics( api_key=API_KEY, metric="flow", exchange=exchange, symbol=symbol, **PERIOD, ) frames["l1_liquidity", exchange, symbol] = get_metrics( api_key=API_KEY, metric="l1_liquidity", exchange=exchange, symbol=symbol, **PERIOD, ) frames["l2_imbalance", exchange, symbol] = get_metrics( api_key=API_KEY, metric="l2_imbalance", exchange=exchange, symbol=symbol, **PERIOD, ) frames["basis", exchange, symbol] = get_derivative_metrics( api_key=API_KEY, metric="basis", exchange=exchange, symbol=symbol, **PERIOD, ) frames["open_interest", exchange, symbol] = get_derivative_metrics( api_key=API_KEY, metric="open_interest", exchange=exchange, symbol=symbol, **PERIOD, ) frames["funding", exchange, symbol] = get_derivative_metrics( api_key=API_KEY, metric="funding", exchange=exchange, symbol=symbol, **PERIOD, )