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: BingX against Bitget−0.105%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1461.457% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.105%, 7d avg −0.034%

Together, before fees+0.158%+$16 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: BingX is 0.071% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SOMIUSDT	0.1907	0.0100	pay 0.0050% / 4h	53m 14s	$654K	$371K	50x
Short	BingX SOMI-USDT	0.1905	0.0100	get 0.0050% / 4h	53m 14s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.034%: −$7.08
Slippage, 4 orders: −$123.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$152.78
Costs to cover: 1.457%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 14 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, 2 min ago	5.24 bp	43.8 bp −$44	271.5 bp −$2,715	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	7.83 bp	31.6 bp −$32	104.6 bp −$1,046	666.0 bp −$66.6K	1203.2 bp −$601.6K

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
ApeX Omni SOMIUSDT	−0.0404%	1h	0.1909	+0.105%	$21K	$223K	50x	as long as short
Aster SOMIUSDT	+0.0100%	4h	0.1908	+0.048%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1904	−0.152%	$2.3M	$3.3M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1902	−0.278%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1909	+0.105%	$609K	$381K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1906	−0.052%	$613K	$192K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1903	−0.210%	$380K	$1.6M	50x	as long as short
Bitget SOMIUSDTlong	+0.0100%	4h	0.1907	long leg	$654K	$371K	50x
BingX SOMI-USDTshort	+0.0100%	4h	0.1905	−0.105%	—	$6.6M	—
Variational Omni SOMI	+0.0100%	4h	0.1909	+0.099%	$53K	$1K	—	as long as short