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Funding arb · Price arb /

SOMI

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRpaid last 24h +0.003%
Price spread now: Gate against ApeX Omni−0.315%66s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$513as 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−$5465.464% of the position
Long on ApeX OmniShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.336%+$34 on $10k
Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.315%, 7d avg +0.030%
Together, before fees+0.617%+$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.344% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of +0.030%). If the spread goes back, that is −$34 on $10k: about 6.1 days of funding at the current rate (+$6 a day). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni SOMIUSDT0.1907−0.0088get 0.0011% / 1h50m 29s$21K$223K50x
ShortGate SOMI_USDT0.19010.0100get 0.0050% / 4h50m 29s$606K$381K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$39.43
Price spread: −0.315% → +0.030%
−$34.43
Slippage, 4 orders
−$521.39
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$541.39
Costs to cover
5.464%
Break-even
103.1 days
Slippage from ApeX Omni: live order book, 6 min ago; Gate: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 6 min ago10.47 bp19.5 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 6 min ago5.22 bp167.5 bp −$168doesn't fitdoesn't fitdoesn't fit

SOMI on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni SOMIUSDTlong−0.0088%1h0.1907long leg$21K$223K50x
Aster SOMIUSDT+0.0100%4h0.1899−0.415%$13K$11K5xas long as short
Binance SOMIUSDT+0.0100%4h0.1899−0.432%$2.3M$3.3M50xas long as short
Bybit SOMIUSDT+0.0100%4h0.1897−0.551%$2.0M$1.3M50xas long as short
Gate SOMI_USDTshort+0.0100%4h0.1901−0.315%$606K$381K50x
MEXC SOMI_USDT+0.0100%4h0.1899−0.420%$605K$193K50xas long as short
KuCoin SOMIUSDTM+0.0100%4h0.1894−0.682%$379K$1.6M50xas long as short
Bitget SOMIUSDT+0.0100%4h0.1901−0.315%$652K$371K50xas long as short
BingX SOMI-USDT+0.0100%4h0.1898−0.472%—$6.6M—as long as short
Variational Omni SOMI+0.0100%4h0.1899−0.424%$53K$1K—as long as short