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 Bybit+0.014%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1711.709% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.014%, 7d avg +0.086%

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 0.072% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit FOGOUSDT	0.006952	0.0100	pay 0.0050% / 4h	25m 39s	$760K	$202K	50x
Short	MEXC FOGO_USDT	0.006953	0.0100	get 0.0050% / 4h	25m 39s	$320K	$124K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.086%: −$7.16
Slippage, 4 orders: −$155.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$178.09
Costs to cover: 1.709%
Break-even: never at this rate

Slippage from Bybit: live order book, 29 min ago; MEXC: live order book, 14 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 Bybit live order book, 29 min ago	8.70 bp	64.7 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 14 min ago	2.91 bp	17.3 bp −$17	73.0 bp −$730	265.1 bp −$26.5K	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	0.006959	+0.101%	$11K	$10K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006941	−0.158%	$709K	$302K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006954	+0.022%	$13K	$12K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006952	−0.002%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDTlong	+0.0100%	4h	0.006952	long leg	$760K	$202K	50x
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006949	−0.043%	$531K	$878K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006950	−0.029%	$112K	$54K	50x	as long as short
MEXC FOGO_USDTshort	+0.0100%	4h	0.006953	+0.014%	$320K	$124K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006950	−0.029%	$285K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006950	−0.029%	$135K	$74K	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	0.006953	+0.014%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006944	−0.112%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006940	−0.173%	$2K	$1.2M	20x	as long as short