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: KuCoin against Bybit+0.016%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$543as in the Funding arb table

Net, price: spread back to 7d avg − costs−$544as in the Price arb table

costs, in and out, $10k−$5475.468% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days+0.065%+$6 · spread now +0.016%, 7d avg −0.010%

Together, before fees+0.107%+$11 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: KuCoin is 0.025% dearer against Bybit than usual: you sell high and buy low, +$3 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	Bybit SOMIUSDT	0.1926	0.0100	pay 0.0050% / 4h	2h 51m	$2.0M	$1.3M	50x
Short	KuCoin SOMIUSDTM	0.1926	0.0100	get 0.0050% / 4h	2h 51m	$391K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.010%: $2.52
Slippage, 4 orders: −$523.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$544.3
Costs to cover: 5.468%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; KuCoin: live order book, 10 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, just now	2.60 bp	92.0 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	10.41 bp	170.3 bp −$170	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	−0.0060%	1h	0.1925	−0.036%	$21K	$219K	50x	as long as short
Aster SOMIUSDT	+0.0100%	4h	0.1929	+0.180%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1928	+0.095%	$2.4M	$3.4M	50x	as long as short
Bybit SOMIUSDTlong	+0.0100%	4h	0.1926	long leg	$2.0M	$1.3M	50x
Gate SOMI_USDT	+0.0100%	4h	0.1930	+0.223%	$669K	$436K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1928	+0.119%	$623K	$201K	50x	as long as short
KuCoin SOMIUSDTMshort	+0.0100%	4h	0.1926	+0.016%	$391K	$1.6M	50x
Bitget SOMIUSDT	+0.0100%	4h	0.1929	+0.171%	$668K	$389K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1928	+0.119%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1926	+0.032%	$53K	$1K	—	as long as short