Funding arb · Price arb /

FOGO

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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: Gate against MEXC−0.451%7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2242.238% of the position

Long on MEXC Short on Gate

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)+0.381%+$38 · spread now −0.451%, 7d avg −0.129%

Together, before fees+0.381%+$38 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: Gate is 0.322% cheaper against MEXC than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of −0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FOGO_USDT	0.006871	0.0100	pay 0.0050% / 4h	2m 32s	$327K	$125K	50x
Short	Gate FOGO_USDT	0.006840	0.0100	get 0.0050% / 4h	2m 32s	$109K	$47K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.451%Rate

Funding earned: $0
Price spread: −0.451% → −0.129%: −$32.22
Slippage, 4 orders: −$204.79
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$256.01
Costs to cover: 2.238%
Break-even: never at this rate

Slippage from MEXC: live order book, 58 min ago; Gate: 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 MEXC live order book, 58 min ago	1.47 bp	13.2 bp −$13	51.4 bp −$514	229.9 bp −$23.0K	doesn't fit
Sell Gate live order book, 3 min ago	7.29 bp	101.2 bp −$101	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	0.006879	+0.116%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006863	−0.116%	$714K	$307K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006849	−0.327%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006872	+0.011%	$1.8M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006858	−0.189%	$756K	$179K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006857	−0.204%	$516K	$804K	10x	as long as short
Gate FOGO_USDTshort	+0.0100%	4h	0.006840	−0.451%	$109K	$47K	50x
MEXC FOGO_USDTlong	+0.0100%	4h	0.006871	long leg	$327K	$125K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006860	−0.160%	$284K	$93K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006850	−0.306%	$127K	$97K	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	0.006850	−0.306%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006825	−0.668%	$96K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006860	−0.160%	$2K	$1.1M	20x	as long as short