Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.003%

Price spread now: Binance against ApeX Omni+0.082%89s7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$950.947% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.082%, 7d avg −0.034%

Together, before fees+0.357%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.116% dearer against ApeX Omni than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.034%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOMIUSDT	0.1901	0.0045	pay 0.0006% / 1h	0m 03s	$20K	$218K	50x
Short	Binance SOMIUSDT	0.1903	0.0100	get 0.0050% / 4h	0m 03s	$2.3M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.082%Rate

Funding earned: $11.52
Price spread: +0.082% → −0.034%: $11.61
Slippage, 4 orders: −$74.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.53
Costs to cover: 0.947%
Break-even: 50.4 days

Slippage from ApeX Omni: live order book, 11 min ago; Binance: live order book, 6 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 ApeX Omni live order book, 11 min ago	10.57 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.64 bp	26.9 bp −$27	128.5 bp −$1,285	doesn't fit	doesn't fit

SOMI on 10 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
ApeX Omni SOMIUSDTlong	+0.0045%	1h	0.1901	long leg	$20K	$218K	50x
Aster SOMIUSDT	+0.0100%	4h	0.1904	+0.184%	$13K	$10K	5x	as long as short
Binance SOMIUSDTshort	+0.0100%	4h	0.1903	+0.082%	$2.3M	$3.4M	50x
Bybit SOMIUSDT	+0.0100%	4h	0.1900	−0.042%	$2.0M	$1.4M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1905	+0.210%	$605K	$369K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1904	+0.158%	$552K	$171K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1905	+0.210%	$380K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1903	+0.105%	$660K	$393K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1903	+0.105%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1900	−0.035%	$53K	$1K	—	as long as short