Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.030%

Price spread now: Coinbase International against Bybit+0.175%7-day average +0.154% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1311.309% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.175%, 7d avg +0.154%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.021% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.154%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BOMEUSDT	0.001084	0.0100	pay 0.0050% / 4h	1h 59m	$3.0M	$3.8M	25x
Short	Coinbase International BOME-PERP-INTX	0.001086	0.0384	get 0.0048% / 1h	59m 02s	$63K	$798K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.175%Rate

Funding earned: $59.64
Price spread: +0.175% → +0.154%: $2.13
Slippage, 4 orders: −$109.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$69.14
Costs to cover: 1.309%
Break-even: 15.1 days

Slippage from Bybit: live order book, 2 min ago; Coinbase International: live order book, 52 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 Bybit live order book, 2 min ago	2.30 bp	41.5 bp −$42	176.1 bp −$1,761	doesn't fit	doesn't fit
Sell Coinbase International live order book, 52 min ago	9.15 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit

BOME on 19 exchanges

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
Kraken Futures PF_BOMEUSD	−0.0557%	1h	0.001085	+0.034%	$113K	$173K	10x	as long as short
Deribit BOME_USDC-PERPETUAL	−0.0118%	1h	0.001085	+0.083%	$9K	$37K	10x	as long as short
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001085	+0.055%	$10	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−13.703%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001085	+0.067%	$31K	$46K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001084	−0.065%	$10.1M	$31.5M	50x	as long as short
Bybit BOMEUSDTlong	+0.0100%	4h	0.001084	long leg	$3.0M	$3.8M	25x
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001085	+0.055%	$3.0M	$11.3M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001086	+0.166%	$3.1M	$1.8M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001085	+0.037%	$1.2M	$722K	200x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BOMEUSDTM	+0.0100%	4h	0.001086	+0.184%	$633K	$859K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001086	+0.111%	$3.4M	$2.3M	50x	as long as short
BingX BOME-USDT	+0.0100%	4h	0.001086	+0.166%	—	$31.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001087	+0.225%	$22K	$15K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001085	+0.065%	$3K	$132K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001085	+0.069%	$8K	—	5x	as long as short
BloFin BOME-USDT	+0.0153%	4h	0.001085	+0.083%	$789K	$165K	50x	as long as short
Coinbase International BOME-PERP-INTXshort	+0.0384%	1h	0.001086	+0.175%	$63K	$798K	50x
Hyperliquid BOME	+0.0523%	1h	0.001087	+0.240%	$4.3M	$840K	3x	as long as short