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: KuCoin against MEXC+0.073%7-day average −0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$927as in the Funding arb table

Net, price: spread back to 7d avg − costs−$911as in the Price arb table

costs, in and out, $10k−$9279.268% of the position

Long on MEXC Short on KuCoin

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)−0.168%−$17 · spread now +0.073%, 7d avg −0.084%

Together, before fees−0.168%−$17 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: KuCoin is 0.156% dearer against MEXC than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FOGO_USDT	0.006895	0.0100	pay 0.0050% / 4h	2h 45m	$319K	$123K	50x
Short	KuCoin FOGOUSDTM	0.006900	0.0100	get 0.0050% / 4h	2h 45m	$284K	$94K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.084%: $15.65
Slippage, 4 orders: −$910.77
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$911.12
Costs to cover: 9.268%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 65 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, 4 min ago	2.17 bp	12.2 bp −$12	65.2 bp −$652	214.8 bp −$21.5K	doesn't fit
Sell KuCoin live order book, 65 min ago	28.78 bp	530.7 bp −$531	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	0.006905	+0.145%	$11K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006892	−0.044%	$706K	$321K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006900	+0.066%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006898	+0.040%	$1.8M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006889	−0.087%	$758K	$188K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006893	−0.029%	$521K	$854K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006890	−0.073%	$109K	$46K	50x	as long as short
MEXC FOGO_USDTlong	+0.0100%	4h	0.006895	long leg	$319K	$123K	50x
KuCoin FOGOUSDTMshort	+0.0100%	4h	0.006900	+0.073%	$284K	$94K	50x
Bitget FOGOUSDT	+0.0100%	4h	0.006890	−0.073%	$131K	$98K	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	0.006898	+0.044%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006892	−0.044%	$96K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006890	−0.073%	$1K	$1.2M	20x	as long as short