Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.178%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$571as in the Funding arb table

Net, price: spread back to 7d avg − costs−$550as in the Price arb table

costs, in and out, $10k−$5675.667% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days−0.261%−$26 · spread now +0.178%, 7d avg +0.009%

Together, before fees−0.303%−$30 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 0.169% dearer against KuCoin than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOMIUSDTM	0.1912	0.0100	pay 0.0050% / 4h	44m 03s	$383K	$1.6M	50x
Short	Bybit SOMIUSDT	0.1915	0.0100	get 0.0050% / 4h	44m 03s	$2.0M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.178%Rate

Funding earned: $0
Price spread: +0.178% → +0.009%: $16.86
Slippage, 4 orders: −$543.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$549.8
Costs to cover: 5.667%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	7.86 bp	216.5 bp −$216	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.71 bp	104.9 bp −$105	511.0 bp −$5,110	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	+0.0041%	1h	0.1912	0.000%	$21K	$223K	50x	as long as short
Aster SOMIUSDT	+0.0100%	4h	0.1917	+0.271%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1918	+0.320%	$2.3M	$3.3M	50x	as long as short
Bybit SOMIUSDTshort	+0.0100%	4h	0.1915	+0.178%	$2.0M	$1.3M	50x
Gate SOMI_USDT	+0.0100%	4h	0.1918	+0.314%	$610K	$382K	50x	as long as short
MEXC SOMI_USDT	+0.0100%	4h	0.1920	+0.418%	$612K	$193K	50x	as long as short
KuCoin SOMIUSDTMlong	+0.0100%	4h	0.1912	long leg	$383K	$1.6M	50x
Bitget SOMIUSDT	+0.0100%	4h	0.1917	+0.262%	$657K	$370K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1917	+0.262%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1911	−0.063%	$53K	$1K	—	as long as short