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 0.000%

Price spread now: Variational Omni against MEXC+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.032% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FOGO_USDT	0.007036	0.0100	pay 0.0050% / 4h	1h 37m	$318K	$124K	50x
Short	Variational Omni FOGO	0.007038	0.0100	get 0.0050% / 4h	1h 37m	$99K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → 0.000%: $3.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$0.78
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 53 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 53 min ago	3.61 bp	18.4 bp −$18	70.7 bp −$707	245.9 bp −$24.6K	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.007046	+0.142%	$12K	$9K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.007026	−0.142%	$715K	$192K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.007037	+0.008%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.007037	+0.008%	$1.9M	$2.0M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.007032	−0.057%	$761K	$209K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.007022	−0.199%	$537K	$894K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.007030	−0.085%	$113K	$52K	50x	as long as short
MEXC FOGO_USDTlong	+0.0100%	4h	0.007036	long leg	$318K	$124K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.007050	+0.199%	$287K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.007040	+0.057%	$139K	$62K	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	0.007034	−0.028%	—	$1.3M	—	as long as short
Variational Omni FOGOshort	+0.0100%	4h	0.007038	+0.032%	$99K	$2K	—
SunX FOGO-USDT	+0.0100%	4h	0.007030	−0.085%	$1K	$1.2M	20x	as long as short