Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against KuCoin+0.364%67s7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$414as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3733.734% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.405%−$41 on $10k

Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.364%, 7d avg +0.139%

Together, before fees−0.706%−$71 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: ApeX Omni is 0.225% dearer against KuCoin than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.139%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOMIUSDTM	0.1921	0.0100	pay 0.0050% / 4h	3h 48m	$390K	$1.6M	50x
Short	ApeX Omni SOMIUSDT	0.1928	0.0100	get 0.0013% / 1h	48m 26s	$21K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.364%Rate

Funding earned: $0
Price spread: +0.364% → +0.139%: $22.51
Slippage, 4 orders: −$351.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$350.92
Costs to cover: 3.734%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: 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 KuCoin live order book, 2 min ago	2.61 bp	176.1 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	10.40 bp	19.4 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
Aster SOMIUSDT	+0.0100%	4h	0.1924	+0.160%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1924	+0.157%	$2.3M	$3.4M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1922	+0.057%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1927	+0.312%	$613K	$384K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1925	+0.208%	$624K	$198K	50x	as long as short
KuCoin SOMIUSDTMlong	+0.0100%	4h	0.1921	long leg	$390K	$1.6M	50x
Bitget SOMIUSDT	+0.0100%	4h	0.1927	+0.312%	$669K	$379K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1925	+0.208%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1923	+0.079%	$53K	$1K	—	as long as short
ApeX Omni SOMIUSDTshort	+0.0100%	1h	0.1928	+0.364%	$21K	$220K	50x