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: Bitget against Gate−0.106%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$353as in the Price arb table

costs, in and out, $10k−$3463.462% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.106%, 7d avg −0.043%

Together, before fees+0.144%+$14 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: Bitget is 0.063% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOMI_USDT	0.1890	0.0100	pay 0.0050% / 4h	1h 04m	$656K	$467K	50x
Short	Bitget SOMIUSDT	0.1888	0.0100	get 0.0050% / 4h	1h 04m	$647K	$412K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.043%: −$6.32
Slippage, 4 orders: −$319.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$352.51
Costs to cover: 3.462%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; Bitget: live order book, 36 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, 37 min ago	2.63 bp	128.0 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 36 min ago	5.27 bp	46.4 bp −$46	244.4 bp −$2,444	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
Aster SOMIUSDT	+0.0100%	4h	0.1888	−0.105%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1886	−0.212%	$2.3M	$3.6M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1883	−0.349%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDTlong	+0.0100%	4h	0.1890	long leg	$656K	$467K	50x
MEXC SOMI_USDT	+0.0100%	4h	0.1886	−0.212%	$577K	$203K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1886	−0.212%	$383K	$1.5M	50x	as long as short
Bitget SOMIUSDTshort	+0.0100%	4h	0.1888	−0.106%	$647K	$412K	50x
BingX SOMI-USDT	+0.0100%	4h	0.1884	−0.317%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1889	−0.078%	$52K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1893	+0.159%	$21K	$222K	50x	as long as short