Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: MEXC against ApeX Omni+0.053%111s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as 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−$600.601% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.403%+$40 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.053%, 7d avg −0.044%

Together, before fees+0.509%+$51 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: MEXC is 0.097% 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 −0.044%. The two prices were read 111 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	0.1887	0.0100	pay 0.0013% / 1h	21m 41s	$19K	$220K	50x
Short	MEXC SOMI_USDT	0.1888	0.0100	get 0.0050% / 4h	2h 21m	$584K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.044%: $9.69
Slippage, 4 orders: −$46.14
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$50.45
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 44 min ago; MEXC: live order book, 38 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, 44 min ago	10.56 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 38 min ago	5.31 bp	12.1 bp −$12	73.3 bp −$733	281.7 bp −$28.2K	549.8 bp −$274.9K

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	0.1888	+0.028%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1888	+0.068%	$2.3M	$3.5M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1885	−0.085%	$2.0M	$1.4M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1890	+0.159%	$606K	$388K	50x	as long as short
MEXC SOMI_USDTshort	+0.0100%	4h	0.1888	+0.053%	$584K	$184K	50x
KuCoin SOMIUSDTM	+0.0100%	4h	0.1886	−0.053%	$382K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1888	+0.053%	$651K	$402K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1888	+0.053%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1887	−0.011%	$52K	$1K	—	as long as short
ApeX Omni SOMIUSDTlong	+0.0100%	1h	0.1887	long leg	$19K	$220K	50x