Funding arb · Price arb /

SOMI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0160%/8h= −17.6% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against MEXC−0.259%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.399%−$40 on $10k

Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.259%, 7d avg +0.043%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.302% cheaper against MEXC than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOMI_USDT	0.1930	0.0100	pay 0.0050% / 4h	2h 50m	$623K	$201K	50x
Short	ApeX Omni SOMIUSDT	0.1925	−0.0060	pay 0.0008% / 1h	50m 49s	$21K	$219K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.259%Rate

Funding earned: −$33.68
Price spread: −0.259% → +0.043%: −$30.21
Slippage, 4 orders: −$46.65
Fee MEXC: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$124.54
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from MEXC: live order book, 54 min ago; ApeX Omni: live order book, 60 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 MEXC live order book, 54 min ago	5.20 bp	13.1 bp −$13	109.7 bp −$1,097	313.4 bp −$31.3K	683.3 bp −$341.7K
Sell ApeX Omni live order book, 60 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
ApeX Omni SOMIUSDTshort	−0.0060%	1h	0.1925	−0.259%	$21K	$219K	50x
Aster SOMIUSDT	+0.0100%	4h	0.1930	−0.015%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1929	−0.074%	$2.4M	$3.5M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1926	−0.207%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1930	0.000%	$669K	$436K	50x	as long as short
MEXC SOMI_USDTlong	+0.0100%	4h	0.1930	long leg	$623K	$201K	50x
KuCoin SOMIUSDTM	+0.0100%	4h	0.1927	−0.155%	$391K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1930	0.000%	$669K	$389K	50x	as long as short
BingX SOMI-USDT	+0.0100%	4h	0.1929	−0.052%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1924	−0.328%	$53K	$1K	—	as long as short