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: Bitget against Bybit+0.221%7-day average +0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs−$256as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2602.603% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.209%+$21 · spread now +0.221%, 7d avg +0.141%

Together, before fees+0.254%+$25 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: Bitget is 0.081% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOMIUSDT	0.1897	0.0100	pay 0.0050% / 4h	1h 42m	$2.0M	$1.3M	50x
Short	Bitget SOMIUSDT	0.1901	0.0100	get 0.0050% / 4h	1h 42m	$653K	$395K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.221%Rate

Funding earned: $0
Price spread: +0.221% → +0.141%: $8.07
Slippage, 4 orders: −$237.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$252.25
Costs to cover: 2.603%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 63 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, 4 min ago	6.57 bp	105.1 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	5.22 bp	48.3 bp −$48	166.5 bp −$1,665	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	0.1898	+0.068%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1898	+0.088%	$2.3M	$3.5M	50x	as long as short
Bybit SOMIUSDTlong	+0.0100%	4h	0.1897	long leg	$2.0M	$1.3M	50x
Gate SOMI_USDT	+0.0100%	4h	0.1903	+0.327%	$661K	$446K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1898	+0.063%	$581K	$201K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1897	+0.011%	$384K	$1.5M	50x	as long as short
Bitget SOMIUSDTshort	+0.0100%	4h	0.1901	+0.221%	$653K	$395K	50x
BingX SOMI-USDT	+0.0100%	4h	0.1898	+0.063%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1903	+0.312%	$53K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1901	+0.221%	$21K	$219K	50x	as long as short