Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.028%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.028%, 7d avg +0.003%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.031% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance FOGOUSDT	0.006974	0.0100	pay 0.0050% / 4h	3h 58m	$1.9M	$2.0M	50x
Short	MEXC FOGO_USDT	0.006972	0.0100	get 0.0050% / 4h	3h 58m	$323K	$128K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.003%: −$3.11
Slippage, 4 orders: −$78.66
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$95.78
Costs to cover: 0.927%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; MEXC: live order book, 21 min ago.

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 Binance live order book, 5 min ago	3.58 bp	29.9 bp −$30	399.8 bp −$3,998	doesn't fit	doesn't fit
Sell MEXC live order book, 21 min ago	3.59 bp	16.3 bp −$16	67.0 bp −$670	263.0 bp −$26.3K	doesn't fit

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	0.006989	+0.216%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006969	−0.071%	$708K	$191K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006976	+0.024%	$13K	$13K	5x	as long as short
Binance FOGOUSDTlong	+0.0100%	4h	0.006974	long leg	$1.9M	$2.0M	50x
Bybit FOGOUSDT	+0.0100%	4h	0.006971	−0.042%	$749K	$233K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006975	+0.015%	$534K	$907K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006960	−0.200%	$106K	$60K	50x	as long as short
MEXC FOGO_USDTshort	+0.0100%	4h	0.006972	−0.028%	$323K	$128K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006970	−0.057%	$284K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006970	−0.057%	$137K	$66K	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	0.006980	+0.087%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006968	−0.092%	$98K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006960	−0.200%	$1K	$1.2M	20x	as long as short