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: Bybit against MEXC−0.058%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1941.938% of the position

Long on MEXC Short on Bybit

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)+0.039%+$4 · spread now −0.058%, 7d avg −0.086%

Together, before fees+0.015%+$2 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: Bybit is 0.028% dearer against MEXC than usual: you sell high and buy low, +$3 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	MEXC FOGO_USDT	0.006953	0.0100	pay 0.0050% / 4h	2h 26m	$322K	$124K	50x
Short	Bybit FOGOUSDT	0.006949	0.0100	get 0.0050% / 4h	2h 26m	$765K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.086%: $2.81
Slippage, 4 orders: −$178.78
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$190.96
Costs to cover: 1.938%
Break-even: never at this rate

Slippage from MEXC: live order book, 23 min ago; Bybit: live order book, 38 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 MEXC live order book, 23 min ago	2.17 bp	12.2 bp −$12	65.2 bp −$652	214.8 bp −$21.5K	doesn't fit
Sell Bybit live order book, 38 min ago	7.20 bp	77.5 bp −$77	doesn't fit	doesn't fit	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	0.006961	+0.115%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006945	−0.115%	$711K	$306K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006945	−0.109%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006954	+0.013%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDTshort	+0.0100%	4h	0.006949	−0.058%	$765K	$182K	50x
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006948	−0.072%	$524K	$848K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006940	−0.187%	$110K	$46K	50x	as long as short
MEXC FOGO_USDTlong	+0.0100%	4h	0.006953	long leg	$322K	$124K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006950	−0.043%	$286K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006950	−0.043%	$132K	$90K	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	0.006948	−0.072%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006931	−0.310%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006940	−0.187%	$2K	$1.2M	20x	as long as short