Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.046%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$850.846% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.285%+$29 · spread now +0.046%, 7d avg +0.021%

Together, before fees+0.287%+$29 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 0.025% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SOMIUSDT	0.1885	0.0100	pay 0.0050% / 4h	2h 23m	$2.3M	$3.5M	50x
Short	MEXC SOMI_USDT	0.1886	0.0100	get 0.0050% / 4h	2h 23m	$583K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.021%: $2.45
Slippage, 4 orders: −$70.62
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$82.17
Costs to cover: 0.846%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; MEXC: live order book, 37 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, 13 min ago	2.65 bp	28.9 bp −$29	160.2 bp −$1,602	doesn't fit	doesn't fit
Sell MEXC live order book, 37 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	0.1886	+0.066%	$13K	$11K	5x	as long as short
Binance SOMIUSDTlong	+0.0100%	4h	0.1885	long leg	$2.3M	$3.5M	50x
Bybit SOMIUSDT	+0.0100%	4h	0.1884	−0.071%	$2.0M	$1.4M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1888	+0.152%	$606K	$388K	50x	as long as short
MEXC SOMI_USDTshort	+0.0100%	4h	0.1886	+0.046%	$583K	$184K	50x
KuCoin SOMIUSDTM	+0.0100%	4h	0.1884	−0.060%	$381K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1890	+0.258%	$652K	$402K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1886	+0.046%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1887	+0.088%	$52K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1887	+0.099%	$19K	$220K	50x	as long as short