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 0.000%

Price spread now: MEXC against BingX−0.204%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1071.068% of the position

Long on BingX 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)+0.250%+$25 · spread now −0.204%, 7d avg +0.064%

Together, before fees+0.250%+$25 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 0.268% cheaper against BingX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX FOGO-USDT	0.006875	0.0100	pay 0.0050% / 4h	49m 42s	—	$1.3M	—
Short	MEXC FOGO_USDT	0.006861	0.0100	get 0.0050% / 4h	49m 42s	$316K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.204%Rate

Funding earned: $0
Price spread: −0.204% → +0.064%: −$26.8
Slippage, 4 orders: −$92.77
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$133.57
Costs to cover: 1.068%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; MEXC: live order book, 55 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 BingX live order book, 9 min ago	5.81 bp	32.7 bp −$33	117.7 bp −$1,177	1162.6 bp −$116.3K	doesn't fit
Sell MEXC live order book, 55 min ago	0.72 bp	16.6 bp −$17	58.0 bp −$580	226.3 bp −$22.6K	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	0.006879	+0.058%	$11K	$10K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006861	−0.204%	$699K	$298K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006885	+0.149%	$12K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006867	−0.118%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006858	−0.247%	$757K	$190K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006856	−0.276%	$522K	$854K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006880	+0.073%	$110K	$51K	50x	as long as short
MEXC FOGO_USDTshort	+0.0100%	4h	0.006861	−0.204%	$316K	$122K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006880	+0.073%	$282K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006860	−0.218%	$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-USDTlong	+0.0100%	4h	0.006875	long leg	—	$1.3M	—
Variational Omni FOGO	+0.0100%	4h	0.006879	+0.055%	$96K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006870	−0.073%	$2K	$1.2M	20x	as long as short