Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0151%/8h= −16.6% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Gate−0.524%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$580as in the Funding arb table

Net, price: spread back to 7d avg − costs−$596as in the Price arb table

costs, in and out, $10k−$5465.464% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.336%−$34 on $10k

Price spread, last 4 days (all we have)+0.558%+$56 · spread now −0.524%, 7d avg −0.030%

Together, before fees+0.221%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.494% cheaper against Gate than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOMI_USDT	0.1909	0.0100	pay 0.0050% / 4h	47m 19s	$607K	$382K	50x
Short	ApeX Omni SOMIUSDT	0.1899	−0.0051	pay 0.0006% / 1h	47m 19s	$21K	$223K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.524%Rate

Funding earned: −$31.77
Price spread: −0.524% → −0.030%: −$49.42
Slippage, 4 orders: −$521.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$627.58
Costs to cover: 5.464%
Break-even: never at this rate

Slippage from Gate: live order book, 9 min ago; ApeX Omni: live order book, 9 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 Gate live order book, 9 min ago	5.22 bp	339.9 bp −$340	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	10.47 bp	19.5 bp −$19	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 SOMIUSDTshort	−0.0051%	1h	0.1899	−0.524%	$21K	$223K	50x
Aster SOMIUSDT	+0.0100%	4h	0.1906	−0.133%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1911	+0.105%	$2.3M	$3.3M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1908	−0.068%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDTlong	+0.0100%	4h	0.1909	long leg	$607K	$382K	50x
MEXC SOMI_USDT	+0.0100%	4h	0.1908	−0.052%	$608K	$193K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1902	−0.367%	$381K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1912	+0.157%	$656K	$371K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1909	0.000%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1899	−0.528%	$53K	$1K	—	as long as short