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 BingX−0.159%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$940.943% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.159%, 7d avg +0.003%

Together, before fees+0.180%+$18 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 0.162% cheaper against BingX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SOMI-USDT	0.1891	0.0100	pay 0.0050% / 4h	2h 26m	—	$6.6M	—
Short	MEXC SOMI_USDT	0.1888	0.0100	get 0.0050% / 4h	2h 26m	$584K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.159%Rate

Funding earned: $0
Price spread: −0.159% → +0.003%: −$16.16
Slippage, 4 orders: −$80.28
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$110.44
Costs to cover: 0.943%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 33 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 BingX live order book, 6 min ago	7.96 bp	34.8 bp −$35	104.3 bp −$1,043	938.7 bp −$93.9K	doesn't fit
Sell MEXC live order book, 33 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	0.1889	−0.122%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1889	−0.106%	$2.3M	$3.5M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1888	−0.153%	$2.0M	$1.4M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1890	−0.053%	$606K	$388K	50x	as long as short
MEXC SOMI_USDTshort	+0.0100%	4h	0.1888	−0.159%	$584K	$184K	50x
KuCoin SOMIUSDTM	+0.0100%	4h	0.1886	−0.264%	$381K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1891	0.000%	$652K	$402K	50x	as long as short
BingX SOMI-USDTlong	+0.0100%	4h	0.1891	long leg	—	$6.6M	—
Variational Omni SOMI	+0.0100%	4h	0.1887	−0.223%	$52K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1887	−0.212%	$19K	$219K	50x	as long as short