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: BingX against MEXC+0.052%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$860.857% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.052%, 7d avg −0.003%

Together, before fees−0.179%−$18 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: BingX is 0.055% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOMI_USDT	0.1913	0.0100	pay 0.0050% / 4h	45m 08s	$610K	$193K	50x
Short	BingX SOMI-USDT	0.1914	0.0100	get 0.0050% / 4h	45m 08s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.003%: $5.51
Slippage, 4 orders: −$71.71
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$80.2
Costs to cover: 0.857%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 7 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, 5 min ago	2.63 bp	7.7 bp −$8	93.5 bp −$935	296.7 bp −$29.7K	595.0 bp −$297.5K
Sell BingX live order book, 7 min ago	7.88 bp	33.1 bp −$33	98.1 bp −$981	828.1 bp −$82.8K	1257.2 bp −$628.6K

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	−0.052%	$21K	$223K	50x	as long as short
Aster SOMIUSDT	+0.0100%	4h	0.1915	+0.096%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1914	+0.026%	$2.3M	$3.4M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1913	−0.016%	$2.0M	$1.3M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1915	+0.105%	$609K	$382K	50x	as long as short
MEXC SOMI_USDTlong	+0.0100%	4h	0.1913	long leg	$610K	$193K	50x
KuCoin SOMIUSDTM	+0.0100%	4h	0.1910	−0.157%	$384K	$1.6M	50x	as long as short
Bitget SOMIUSDT	+0.0100%	4h	0.1915	+0.105%	$657K	$371K	50x	as long as short
BingX SOMI-USDTshort	+0.0100%	4h	0.1914	+0.052%	—	$6.6M	—
Variational Omni SOMI	+0.0100%	4h	0.1911	−0.115%	$53K	$1K	—	as long as short