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: Bybit against Gate−0.101%7-day average −0.177% · you buy dearer than you sell

Net, funding: paid 7d − costs−$574as in the Funding arb table

Net, price: spread back to 7d avg − costs−$570as in the Price arb table

costs, in and out, $10k−$5775.774% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.577%−$58 · spread now −0.101%, 7d avg −0.177%

Together, before fees−0.545%−$54 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: Bybit is 0.076% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.177%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOMI_USDT	0.1881	0.0100	pay 0.0050% / 4h	1h 44m	$600K	$364K	50x
Short	Bybit SOMIUSDT	0.1879	0.0100	get 0.0050% / 4h	1h 44m	$2.0M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0
Price spread: −0.101% → −0.177%: $7.62
Slippage, 4 orders: −$551.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$569.74
Costs to cover: 5.774%
Break-even: never at this rate

Slippage from Gate: live order book, 37 min ago; Bybit: 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, 37 min ago	7.95 bp	227.0 bp −$227	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.00 bp	71.3 bp −$71	480.3 bp −$4,803	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	0.1882	+0.072%	$13K	$10K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1880	−0.030%	$2.3M	$3.3M	50x	as long as short
Bybit SOMIUSDTshort	+0.0100%	4h	0.1879	−0.101%	$2.0M	$1.4M	50x
Gate SOMI_USDTlong	+0.0100%	4h	0.1881	long leg	$600K	$364K	50x
MEXC SOMI_USDT	+0.0100%	4h	0.1881	0.000%	$578K	$165K	50x	as long as short
KuCoin SOMIUSDTM	+0.0100%	4h	0.1879	−0.106%	$373K	$1.7M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1881	0.000%	$658K	$402K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1881	0.000%	—	$6.7M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1877	−0.204%	$52K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1881	0.000%	$20K	$216K	50x	as long as short