FOGO arbitrage between HyperLiquid and OKX: we compare the price of FOGO on HyperLiquid (futures) and OKX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Fogo

Fogo is a next-generation Layer 1 blockchain designed to deliver the best on-chain trading experience ever. With its unique architecture and Firedancer implementation, the chain offers low latency, near-instant finality, and unparalleled scalability. As a purpose-built blockchain, Fogo will incorporate a carefully constructed, vertically integrated tech stack. This includes a curated validator set, native price feeds, an enshrined DEX, and colocated liquidity providers to create a truly differentiated trading environment. Backed by a team of trading and engineering experts and driven by a vision to redefine what’s possible, Fogo is setting the standard for high-performance blockchain infrastructure.

Smart Contract Platform, Decentralized Finance (DeFi), Layer 1 (L1), Binance Alpha Spotlight

FOGO: OKX — deposit open, withdrawal open.

Open interest in FOGO right now — $4.4M: Binance $1.5M, BingX $1.1M, Bybit $620.7K, OKX $477.3K, HyperLiquid $303.1K. See OI FOGO.

About FOGO arbitrage

How do I read the FOGO spread?

The spread is how many percent higher FOGO trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get FOGO alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.