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: MEXC against Gate−0.155%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$517as in the Funding arb table

Net, price: spread back to 7d avg − costs−$532as in the Price arb table

costs, in and out, $10k−$5245.238% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.155%, 7d avg −0.072%

Together, before fees+0.195%+$19 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 0.083% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SOMI_USDT	0.1935	0.0100	pay 0.0050% / 4h	3h 58m	$615K	$383K	50x
Short	MEXC SOMI_USDT	0.1932	0.0100	get 0.0050% / 4h	3h 58m	$626K	$197K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.072%: −$8.31
Slippage, 4 orders: −$504.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$532.07
Costs to cover: 5.238%
Break-even: never at this rate

Slippage from Gate: live order book, 58 min ago; MEXC: live order book, 52 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, 58 min ago	5.22 bp	339.9 bp −$340	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 52 min ago	2.63 bp	8.6 bp −$9	56.7 bp −$567	288.4 bp −$28.8K	592.2 bp −$296.1K

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	0.1933	−0.113%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1932	−0.155%	$2.3M	$3.3M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1929	−0.320%	$2.1M	$1.3M	50x	as long as short
Gate SOMI_USDTlong	+0.0100%	4h	0.1935	long leg	$615K	$383K	50x
MEXC SOMI_USDTshort	+0.0100%	4h	0.1932	−0.155%	$626K	$197K	50x
KuCoin SOMIUSDTM	+0.0100%	4h	0.1930	−0.258%	$388K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1933	−0.103%	$672K	$378K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1933	−0.103%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1929	−0.335%	$53K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1929	−0.310%	$21K	$220K	50x	as long as short