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: Gate against KuCoin+0.472%7-day average +0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$720as in the Funding arb table

Net, price: spread back to 7d avg − costs−$682as in the Price arb table

costs, in and out, $10k−$7137.128% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.367%−$37 · spread now +0.472%, 7d avg +0.169%

Together, before fees−0.434%−$43 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: Gate is 0.303% dearer against KuCoin than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.169%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SOMIUSDTM	0.1906	0.0100	pay 0.0050% / 4h	2h 15m	$384K	$1.5M	50x
Short	Gate SOMI_USDT	0.1915	0.0100	get 0.0050% / 4h	2h 15m	$664K	$438K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.472%Rate

Funding earned: $0
Price spread: +0.472% → +0.169%: $30.32
Slippage, 4 orders: −$685.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$682.49
Costs to cover: 7.128%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 31 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, 5 min ago	7.86 bp	237.1 bp −$237	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	5.21 bp	146.8 bp −$147	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
ApeX Omni SOMIUSDT	+0.0091%	1h	0.1913	+0.367%	$21K	$218K	50x	as long as short
Aster SOMIUSDT	+0.0100%	4h	0.1910	+0.227%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1908	+0.121%	$2.3M	$3.5M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1911	+0.241%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDTshort	+0.0100%	4h	0.1915	+0.472%	$664K	$438K	50x
MEXC SOMI_USDT	+0.0100%	4h	0.1909	+0.157%	$582K	$207K	50x	as long as short
KuCoin SOMIUSDTMlong	+0.0100%	4h	0.1906	long leg	$384K	$1.5M	50x
Bitget SOMIUSDT	+0.0100%	4h	0.1911	+0.262%	$661K	$388K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1909	+0.157%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1906	−0.014%	$53K	$1K	—	as long as short