Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: BingX against ApeX Omni+0.052%113s7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as 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−$1061.063% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.409%+$41 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.052%, 7d avg −0.047%

Together, before fees+0.305%+$31 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: BingX is 0.099% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 113 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	0.1929	0.0100	pay 0.0013% / 1h	57m 37s	$21K	$220K	50x
Short	BingX SOMI-USDT	0.1930	0.0100	get 0.0050% / 4h	3h 57m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.047%: $9.89
Slippage, 4 orders: −$86.35
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$96.45
Costs to cover: 1.063%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 59 min ago; BingX: live order book, 5 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, 59 min ago	10.47 bp	19.5 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	7.77 bp	38.6 bp −$39	115.6 bp −$1,156	747.7 bp −$74.8K	1320.1 bp −$660.1K

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
Aster SOMIUSDT	+0.0100%	4h	0.1933	+0.193%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1928	−0.026%	$2.3M	$3.4M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1926	−0.156%	$2.1M	$1.3M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1935	+0.311%	$615K	$383K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1930	+0.052%	$626K	$197K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1928	−0.052%	$389K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1931	+0.104%	$671K	$378K	50x	as long as short
BingX SOMI-USDTshort	+0.0100%	4h	0.1930	+0.052%	—	$6.6M	—
Variational Omni SOMI	+0.0100%	4h	0.1929	−0.025%	$53K	$1K	—	as long as short
ApeX Omni SOMIUSDTlong	+0.0100%	1h	0.1929	long leg	$21K	$220K	50x