Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: KuCoin against ApeX Omni−0.105%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$449as in the Funding arb table

Net, price: spread back to 7d avg − costs−$487as in the Price arb table

costs, in and out, $10k−$4904.899% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.405%+$41 on $10k

Price spread, last 3 days (all we have)+0.085%+$8 · spread now −0.105%, 7d avg −0.135%

Together, before fees+0.490%+$49 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: KuCoin is 0.029% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni SOMIUSDT	0.1903	0.0100	pay 0.0013% / 1h	53m 17s	$20K	$218K	50x
Short	KuCoin SOMIUSDTM	0.1901	0.0100	get 0.0050% / 4h	3h 53m	$379K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.135%: $2.95
Slippage, 4 orders: −$467.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$486.99
Costs to cover: 4.899%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; KuCoin: live order book, 3 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, 18 min ago	10.57 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	5.27 bp	159.5 bp −$160	doesn't fit	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	0.1902	−0.062%	$13K	$10K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1901	−0.087%	$2.3M	$3.4M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1900	−0.152%	$2.0M	$1.4M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1902	−0.053%	$603K	$365K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1902	−0.053%	$551K	$168K	50x	as long as short
KuCoin SOMIUSDTMshort	+0.0100%	4h	0.1901	−0.105%	$379K	$1.6M	50x
Bitget SOMIUSDT	+0.0100%	4h	0.1903	0.000%	$659K	$393K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1902	−0.053%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1900	−0.163%	$53K	$1K	—	as long as short
ApeX Omni SOMIUSDTlong	+0.0100%	1h	0.1903	long leg	$20K	$218K	50x