Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit+0.021%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$235as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$2402.396% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.182%+$18 · spread now +0.021%, 7d avg +0.072%

Together, before fees+0.227%+$23 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 0.052% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOMIUSDT	0.1917	0.0100	pay 0.0050% / 4h	3h 10m	$2.0M	$1.3M	50x
Short	BingX SOMI-USDT	0.1917	0.0100	get 0.0050% / 4h	3h 10m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.072%: −$5.16
Slippage, 4 orders: −$218.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$244.72
Costs to cover: 2.396%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 11 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 Bybit live order book, 1 min ago	4.17 bp	89.9 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	7.82 bp	39.8 bp −$40	119.1 bp −$1,191	839.3 bp −$83.9K	1235.5 bp −$617.7K

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	0.1919	+0.120%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1919	+0.107%	$2.3M	$3.4M	50x	as long as short
Bybit SOMIUSDTlong	+0.0100%	4h	0.1917	long leg	$2.0M	$1.3M	50x
Gate SOMI_USDT	+0.0100%	4h	0.1919	+0.125%	$664K	$450K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1918	+0.073%	$620K	$203K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1916	−0.031%	$388K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1918	+0.073%	$661K	$386K	50x	as long as short
BingX SOMI-USDTshort	+0.0100%	4h	0.1917	+0.021%	—	$6.6M	—
Variational Omni SOMI	+0.0100%	4h	0.1916	−0.018%	$53K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1914	−0.136%	$21K	$220K	50x	as long as short