Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.028%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1271.273% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.489%+$49 · spread now +0.028%, 7d avg +0.054%

Together, before fees+0.497%+$50 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: Bitget is 0.026% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOMIUSDT	0.1880	0.0100	pay 0.0050% / 4h	1h 43m	$2.3M	$3.3M	50x
Short	Bitget SOMIUSDT	0.1881	0.0100	get 0.0050% / 4h	1h 43m	$658K	$402K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.054%: −$2.57
Slippage, 4 orders: −$105.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$129.83
Costs to cover: 1.273%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 36 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 Binance live order book, 7 min ago	2.66 bp	34.9 bp −$35	167.1 bp −$1,671	doesn't fit	doesn't fit
Sell Bitget live order book, 36 min ago	7.97 bp	31.4 bp −$31	180.5 bp −$1,805	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	0.1882	+0.094%	$13K	$10K	5x	as long as short
Binance SOMIUSDTlong	+0.0100%	4h	0.1880	long leg	$2.3M	$3.3M	50x
Bybit SOMIUSDT	+0.0100%	4h	0.1879	−0.078%	$2.0M	$1.4M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1881	+0.028%	$600K	$364K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1880	−0.025%	$578K	$165K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1879	−0.078%	$373K	$1.7M	50x	as long as short
Bitget SOMIUSDTshort	+0.0100%	4h	0.1881	+0.028%	$658K	$402K	50x
BingX SOMI-USDT	+0.0100%	4h	0.1881	+0.028%	—	$6.7M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1877	−0.175%	$52K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1881	+0.028%	$20K	$216K	50x	as long as short