Funding arb · Price arb /

SOMI

all SOMI markets

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: Bybit against ApeX Omni+0.016%7-day average −0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1611.609% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.016%, 7d avg −0.133%

Together, before fees+0.223%+$22 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: Bybit is 0.149% dearer against ApeX Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.133%.

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	59m 31s	$21K	$220K	50x
Short	Bybit SOMIUSDT	0.1929	0.0100	get 0.0050% / 4h	3h 59m	$2.1M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.133%: $14.86
Slippage, 4 orders: −$139.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$146.09
Costs to cover: 1.609%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 57 min ago; Bybit: live order book, 2 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, 57 min ago	10.47 bp	19.5 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.89 bp	91.5 bp −$91	865.5 bp −$8,655	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
Aster SOMIUSDT	+0.0100%	4h	0.1933	+0.210%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1932	+0.156%	$2.3M	$3.3M	50x	as long as short
Bybit SOMIUSDTshort	+0.0100%	4h	0.1929	+0.016%	$2.1M	$1.3M	50x
Gate SOMI_USDT	+0.0100%	4h	0.1935	+0.311%	$615K	$383K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1931	+0.104%	$626K	$197K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1930	+0.052%	$388K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1933	+0.207%	$672K	$378K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1932	+0.156%	—	$6.6M	—	as long as short
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