Funding arb · Price arb /

SOMI

all SOMI markets

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: Bitget against MEXC+0.053%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on MEXC Short on Bitget

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)−0.063%−$6 · spread now +0.053%, 7d avg +0.033%

Together, before fees−0.057%−$6 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: Bitget is 0.020% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SOMI_USDT	0.1887	0.0100	pay 0.0050% / 4h	2h 26m	$584K	$184K	50x
Short	Bitget SOMIUSDT	0.1888	0.0100	get 0.0050% / 4h	2h 26m	$651K	$402K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.033%: $2.01
Slippage, 4 orders: −$78.91
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$92.9
Costs to cover: 0.949%
Break-even: never at this rate

Slippage from MEXC: live order book, 33 min ago; Bitget: live order book, 39 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, 33 min ago	5.31 bp	9.4 bp −$9	49.9 bp −$499	278.4 bp −$27.8K	562.7 bp −$281.3K
Sell Bitget live order book, 39 min ago	5.28 bp	27.8 bp −$28	258.6 bp −$2,586	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	0.1889	+0.103%	$13K	$11K	5x	as long as short
Binance SOMIUSDT	+0.0100%	4h	0.1888	+0.028%	$2.3M	$3.5M	50x	as long as short
Bybit SOMIUSDT	+0.0100%	4h	0.1886	−0.032%	$2.0M	$1.4M	50x	as long as short
Gate SOMI_USDT	+0.0100%	4h	0.1890	+0.159%	$606K	$388K	50x	as long as short
MEXC SOMI_USDTlong	+0.0100%	4h	0.1887	long leg	$584K	$184K	50x
KuCoin SOMIUSDTM	+0.0100%	4h	0.1886	−0.053%	$381K	$1.6M	50x	as long as short
Bitget SOMIUSDTshort	+0.0100%	4h	0.1888	+0.053%	$651K	$402K	50x
BingX SOMI-USDT	+0.0100%	4h	0.1891	+0.212%	—	$6.6M	—	as long as short
Variational Omni SOMI	+0.0100%	4h	0.1881	−0.304%	$52K	$1K	—	as long as short
ApeX Omni SOMIUSDT	+0.0100%	1h	0.1887	0.000%	$19K	$219K	50x	as long as short