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 +0.018%

Price spread now: MEXC against OKX−0.029%7-day average +0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on OKX Short on MEXC

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)+0.190%+$19 · spread now −0.029%, 7d avg +0.148%

Together, before fees+0.234%+$23 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: MEXC is 0.176% cheaper against OKX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX FOGO-USDT-SWAP	0.006940	0.0100	pay 0.0050% / 4h	3h 37m	$527K	$841K	10x
Short	MEXC FOGO_USDT	0.006938	0.0100	get 0.0050% / 4h	3h 37m	$323K	$124K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.148%: −$17.65
Slippage, 4 orders: −$88.01
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$119.66
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from OKX: live order book, 33 min ago; MEXC: live order book, 17 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 OKX live order book, 33 min ago	2.93 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 17 min ago	3.61 bp	15.7 bp −$16	56.0 bp −$560	186.3 bp −$18.6K	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	0.006948	+0.115%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006946	+0.086%	$721K	$315K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006918	−0.313%	$12K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006947	+0.101%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006935	−0.072%	$764K	$187K	50x	as long as short
OKX FOGO-USDT-SWAPlong	+0.0100%	4h	0.006940	long leg	$527K	$841K	10x
Gate FOGO_USDT	+0.0100%	4h	0.006940	0.000%	$110K	$48K	50x	as long as short
MEXC FOGO_USDTshort	+0.0100%	4h	0.006938	−0.029%	$323K	$124K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006930	−0.144%	$286K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006940	0.000%	$132K	$100K	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	0.006940	0.000%	—	$1.3M	—	as long as short
Variational Omni FOGO	+0.0100%	4h	0.006929	−0.152%	$97K	$2K	—	as long as short
SunX FOGO-USDT	+0.0100%	4h	0.006920	−0.288%	$2K	$1.2M	20x	as long as short