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: MEXC against Variational Omni+0.247%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 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: MEXC is 0.247% dearer against Variational Omni than usual: you sell high and buy low, +$25 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	Variational Omni FOGO	0.006924	0.0100	pay 0.0050% / 4h	3h 13m	$97K	$2K	—
Short	MEXC FOGO_USDT	0.006941	0.0100	get 0.0050% / 4h	3h 13m	$321K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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 Variational OmnibpFee MEXCbpOrdersPrice spread, now +0.247%Rate

Funding earned: $0
Price spread: +0.247% → 0.000%: $24.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: $20.66
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; MEXC: live order book, 42 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell MEXC live order book, 42 min ago	3.61 bp	15.7 bp −$16	56.0 bp −$560	186.3 bp −$18.6K	doesn't fit

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	0.006952	+0.405%	$11K	$11K	3x	as long as short
Hyperliquid FOGO	+0.0100%	1h	0.006936	+0.174%	$717K	$318K	3x	as long as short
Aster FOGOUSDT	+0.0100%	4h	0.006933	+0.131%	$13K	$13K	5x	as long as short
Binance FOGOUSDT	+0.0100%	4h	0.006941	+0.243%	$1.9M	$2.1M	50x	as long as short
Bybit FOGOUSDT	+0.0100%	4h	0.006936	+0.174%	$764K	$187K	50x	as long as short
OKX FOGO-USDT-SWAP	+0.0100%	4h	0.006932	+0.117%	$525K	$834K	10x	as long as short
Gate FOGO_USDT	+0.0100%	4h	0.006920	−0.057%	$110K	$48K	50x	as long as short
MEXC FOGO_USDTshort	+0.0100%	4h	0.006941	+0.247%	$321K	$125K	50x
KuCoin FOGOUSDTM	+0.0100%	4h	0.006930	+0.088%	$286K	$94K	50x	as long as short
Bitget FOGOUSDT	+0.0100%	4h	0.006940	+0.232%	$132K	$99K	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	0.006932	+0.117%	—	$1.3M	—	as long as short
Variational Omni FOGOlong	+0.0100%	4h	0.006924	long leg	$97K	$2K	—
SunX FOGO-USDT	+0.0100%	4h	0.006930	+0.088%	$1K	$1.2M	20x	as long as short