Funding arb · Price arb /

FOGO

all FOGO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Gate+0.461%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$248as in the Price arb table

costs, in and out, $10k−$2812.814% of the position

Long on Gate 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)−0.352%−$35 · spread now +0.461%, 7d avg +0.128%

Together, before fees−0.352%−$35 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 0.333% dearer against Gate than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FOGO_USDT	0.006730	0.0100	pay 0.0050% / 4h	1h 22m	$107K	$47K	50x
Short	MEXC FOGO_USDT	0.006761	0.0100	get 0.0050% / 4h	1h 22m	$326K	$123K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.461%Rate

Funding earned: $0
Price spread: +0.461% → +0.128%: $33.28
Slippage, 4 orders: −$262.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$248.1
Costs to cover: 2.814%
Break-even: never at this rate

Slippage from Gate: live order book, 53 min ago; MEXC: live order book, 51 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 Gate live order book, 53 min ago	14.86 bp	62.2 bp −$62	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 51 min ago	2.97 bp	15.1 bp −$15	57.3 bp −$573	224.8 bp −$22.5K	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	0.006768	+0.565%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006750	+0.297%	$738K	$279K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006738	+0.122%	$12K	$14K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006760	+0.446%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006749	+0.282%	$750K	$176K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006753	+0.342%	$507K	$789K	10x	as long as short
Gate FOGO_USDTlong	+0.0100%	4h	0.006730	long leg	$107K	$47K	50x
MEXC FOGO_USDTshort	+0.0100%	4h	0.006761	+0.461%	$326K	$123K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006750	+0.297%	$280K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006750	+0.297%	$126K	$105K	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	0.006750	+0.297%	—	$1.2M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006749	+0.277%	$95K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006750	+0.297%	$1K	$1.2M	20x	as long as short