Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit+0.181%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1641.643% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.798%+$80 · spread now +0.181%, 7d avg +0.110%

Together, before fees+0.835%+$84 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: MEXC is 0.071% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SOMIUSDT	0.1876	0.0100	pay 0.0050% / 4h	2h 20m	$2.0M	$1.3M	50x
Short	MEXC SOMI_USDT	0.1879	0.0100	get 0.0050% / 4h	2h 20m	$576K	$194K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.181%Rate

Funding earned: $0
Price spread: +0.181% → +0.110%: $7.11
Slippage, 4 orders: −$149.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$157.22
Costs to cover: 1.643%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 26 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, 5 min ago	2.40 bp	79.5 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 26 min ago	2.66 bp	11.5 bp −$11	53.0 bp −$530	265.0 bp −$26.5K	568.8 bp −$284.4K

SOMI on 10 exchanges

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	0.1879	+0.181%	$12K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1878	+0.133%	$2.3M	$3.4M	50x	as long as short
Bybit SOMIUSDTlong	+0.0100%	4h	0.1876	long leg	$2.0M	$1.3M	50x
Gate SOMI_USDT	+0.0100%	4h	0.1880	+0.235%	$649K	$467K	50x	as long as short
MEXC SOMI_USDTshort	+0.0100%	4h	0.1879	+0.181%	$576K	$194K	50x
KuCoin SOMIUSDTM	+0.0100%	4h	0.1876	+0.021%	$382K	$1.5M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1878	+0.128%	$645K	$373K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1879	+0.181%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1875	−0.007%	$52K	$2K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1880	+0.235%	$21K	$221K	50x	as long as short