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 Bitget−0.029%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1551.553% of the position

Long on Bitget 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)−0.033%−$3 · spread now −0.029%, 7d avg +0.002%

Together, before fees−0.033%−$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 Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget FOGOUSDT	0.006920	0.0100	pay 0.0050% / 4h	1h 41m	$130K	$90K	25x
Short	MEXC FOGO_USDT	0.006918	0.0100	get 0.0050% / 4h	1h 41m	$319K	$123K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.002%: −$3.05
Slippage, 4 orders: −$139.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$158.31
Costs to cover: 1.553%
Break-even: never at this rate

Slippage from Bitget: live order book, 13 min ago; MEXC: live order book, 3 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 Bitget live order book, 13 min ago	14.45 bp	52.7 bp −$53	416.2 bp −$4,162	doesn't fit	doesn't fit
Sell MEXC live order book, 3 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	0.006943	+0.332%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006917	−0.043%	$706K	$307K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006932	+0.173%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006918	−0.033%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006912	−0.116%	$775K	$191K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006909	−0.159%	$523K	$855K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006920	0.000%	$113K	$50K	50x	as long as short
MEXC FOGO_USDTshort	+0.0100%	4h	0.006918	−0.029%	$319K	$123K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006930	+0.145%	$285K	$94K	50x	as long as short
Bitget FOGOUSDTlong	+0.0100%	4h	0.006920	long leg	$130K	$90K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX FOGO-USDT	+0.0100%	4h	0.006928	+0.116%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006910	−0.140%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006920	0.000%	$1K	$1.2M	20x	as long as short