Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.005%

Price spread now: BingX against Coinbase International+0.037%7-day average −0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.037%, 7d avg −0.139%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.176% dearer against Coinbase International than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.139%): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.0 days. At the pace of the last 7 days (−0.014% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BOME-PERP-INTX	0.001075	0.0184	pay 0.0023% / 1h	30m 03s	$69K	$554K	50x
Short	BingX BOME-USDT	0.001075	0.0100	get 0.0050% / 4h	2h 30m	—	$31.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$17.64
Price spread: +0.037% → −0.139%: $17.58
Slippage, 4 orders: −$43.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$64
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 38 min ago; BingX: live order book, 4 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 Coinbase International live order book, 38 min ago	8.81 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	2.33 bp	11.8 bp −$12	24.0 bp −$240	165.7 bp −$16.6K	885.0 bp −$442.5K

BOME on 18 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
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001075	0.000%	$10	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−12.949%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001074	−0.054%	$35K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001077	+0.167%	$9.8M	$30.3M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001076	+0.112%	$2.9M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001078	+0.242%	$2.9M	$11.6M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001075	+0.009%	$3.0M	$1.7M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001076	+0.047%	$1.0M	$706K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001076	+0.047%	$627K	$768K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001078	+0.260%	$3.4M	$1.9M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BOME-USDTshort	+0.0100%	4h	0.001075	+0.037%	—	$31.2M	—
Variational Omni BOME	+0.0100%	4h	0.001074	−0.095%	$23K	$18K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001076	+0.084%	$6K	$162K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001077	+0.143%	$8K	—	5x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0184%	1h	0.001075	long leg	$69K	$554K	50x
Kraken Futures PF_BOMEUSD	+0.0273%	1h	0.001075	+0.039%	$112K	$162K	10x	as long as short
Deribit BOME_USDC-PERPETUAL	+0.0401%	1h	0.001076	+0.084%	$30K	$14K	10x	as long as short
Hyperliquid BOME	+0.1426%	1h	0.001080	+0.465%	$4.0M	$452K	3x	as long as short