Funding arb · Price arb /

SOMI

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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: BingX against Gate−0.158%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$387as in the Funding arb table

Net, price: spread back to 7d avg − costs−$404as in the Price arb table

costs, in and out, $10k−$3953.952% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.158%, 7d avg −0.071%

Together, before fees+0.183%+$18 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: BingX is 0.087% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOMI_USDT	0.1895	0.0100	pay 0.0050% / 4h	8m 28s	$602K	$368K	50x
Short	BingX SOMI-USDT	0.1892	0.0100	get 0.0050% / 4h	8m 28s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → −0.071%: −$8.69
Slippage, 4 orders: −$370.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$403.87
Costs to cover: 3.952%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	2.64 bp	164.1 bp −$164	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	7.94 bp	25.9 bp −$26	91.6 bp −$916	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	−0.0019%	1h	0.1890	−0.264%	$20K	$217K	50x	as long as short
Aster SOMIUSDT	+0.0100%	4h	0.1894	−0.041%	$13K	$10K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1893	−0.087%	$2.3M	$3.3M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1890	−0.259%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDTlong	+0.0100%	4h	0.1895	long leg	$602K	$368K	50x
MEXC SOMI_USDT	+0.0100%	4h	0.1893	−0.106%	$548K	$170K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1893	−0.106%	$379K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1894	−0.053%	$657K	$393K	50x	as long as short
BingX SOMI-USDTshort	+0.0100%	4h	0.1892	−0.158%	—	$6.6M	—
Variational Omni SOMI	+0.0100%	4h	0.1887	−0.434%	$52K	$1K	—	as long as short