Funding arb · Price arb /

FOGO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: OKX against MEXC−0.171%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1151.152% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.171%, 7d avg −0.144%

Together, before fees+0.011%+$1 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: OKX is 0.026% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FOGO_USDT	0.007033	0.0100	pay 0.0050% / 4h	2h 12m	$318K	$126K	50x
Short	OKX FOGO-USDT-SWAP	0.007021	0.0100	get 0.0050% / 4h	2h 12m	$537K	$871K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.171%Rate

Funding earned: $0
Price spread: −0.171% → −0.144%: −$2.64
Slippage, 4 orders: −$101.23
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$117.87
Costs to cover: 1.152%
Break-even: never at this rate

Slippage from MEXC: live order book, 18 min ago; OKX: live order book, 34 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, 18 min ago	3.61 bp	18.4 bp −$18	70.7 bp −$707	245.9 bp −$24.6K	doesn't fit
Sell OKX live order book, 34 min ago	5.03 bp	40.2 bp −$40	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	0.007044	+0.156%	$12K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.007027	−0.085%	$716K	$196K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.007020	−0.184%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.007034	+0.013%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.007025	−0.114%	$760K	$207K	50x	as long as short
OKX FOGO-USDT-SWAPshort	+0.0100%	4h	0.007021	−0.171%	$537K	$871K	10x
Gate FOGO_USDT	+0.0100%	4h	0.007010	−0.327%	$113K	$53K	50x	as long as short
MEXC FOGO_USDTlong	+0.0100%	4h	0.007033	long leg	$318K	$126K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.007010	−0.327%	$285K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.007030	−0.043%	$137K	$57K	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	0.007020	−0.185%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.007006	−0.379%	$98K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.007030	−0.043%	$1K	$1.2M	20x	as long as short