Funding arb · Price arb /

SOMI

all SOMI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Bybit+0.297%7-day average +0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$500as in the Funding arb table

Net, price: spread back to 7d avg − costs−$485as in the Price arb table

costs, in and out, $10k−$4964.964% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now +0.297%, 7d avg +0.178%

Together, before fees+0.211%+$21 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: Gate is 0.119% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOMIUSDT	0.1884	0.0100	pay 0.0050% / 4h	28m 26s	$2.0M	$1.4M	50x
Short	Gate SOMI_USDT	0.1890	0.0100	get 0.0050% / 4h	28m 26s	$600K	$368K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.297%Rate

Funding earned: $0
Price spread: +0.297% → +0.178%: $11.9
Slippage, 4 orders: −$470.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$484.54
Costs to cover: 4.964%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 48 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, 3 min ago	3.18 bp	63.3 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	5.31 bp	167.8 bp −$168	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
ApeX Omni SOMIUSDT	+0.0046%	1h	0.1890	+0.297%	$20K	$216K	50x	as long as short
Aster SOMIUSDT	+0.0100%	4h	0.1889	+0.244%	$13K	$10K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1886	+0.111%	$2.3M	$3.3M	50x	as long as short
Bybit SOMIUSDTlong	+0.0100%	4h	0.1884	long leg	$2.0M	$1.4M	50x
Gate SOMI_USDTshort	+0.0100%	4h	0.1890	+0.297%	$600K	$368K	50x
MEXC SOMI_USDT	+0.0100%	4h	0.1886	+0.085%	$546K	$169K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1884	−0.021%	$378K	$1.7M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1887	+0.138%	$654K	$394K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1887	+0.138%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1884	−0.043%	$52K	$1K	—	as long as short