Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Bitget+0.635%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$1301.299% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.405%−$40 on $10k

Price spread, last 4 days (all we have)−0.807%−$81 · spread now +0.635%, 7d avg +0.010%

Together, before fees−1.212%−$121 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: ApeX Omni is 0.626% dearer against Bitget than usual: you sell high and buy low, +$63 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOMIUSDT	0.1889	0.0100	pay 0.0050% / 4h	1h 37m	$647K	$401K	50x
Short	ApeX Omni SOMIUSDT	0.1901	0.0100	get 0.0013% / 1h	37m 11s	$21K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.635%Rate

Funding earned: $0
Price spread: +0.635% → +0.010%: $62.56
Slippage, 4 orders: −$107.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$67.36
Costs to cover: 1.299%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; ApeX Omni: live order book, 4 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 Bitget live order book, 3 min ago	5.27 bp	38.7 bp −$39	246.6 bp −$2,466	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	13.17 bp	22.2 bp −$22	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	0.1891	+0.103%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1889	0.000%	$2.3M	$3.6M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1888	−0.032%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1893	+0.212%	$658K	$449K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1890	+0.053%	$578K	$202K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1887	−0.106%	$382K	$1.5M	50x	as long as short
Bitget SOMIUSDTlong	+0.0100%	4h	0.1889	long leg	$647K	$401K	50x
BingX SOMI-USDT	+0.0100%	4h	0.1890	+0.053%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1895	+0.334%	$52K	$1K	—	as long as short
ApeX Omni SOMIUSDTshort	+0.0100%	1h	0.1901	+0.635%	$21K	$220K	50x