Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.004%

Price spread now: Bitget against Coinbase International+0.047%47s7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.809% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.185%−$18 · spread now +0.047%, 7d avg −0.083%

Together, before fees−0.195%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.130% dearer against Coinbase International than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.083%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.8 days. At the pace of the last 7 days (−0.010% in total) that is about 3 months. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BOME-PERP-INTX	0.001064	0.0144	pay 0.0018% / 1h	59m 20s	$68K	$537K	50x
Short	Bitget BOMEUSDT	0.001064	0.0100	get 0.0050% / 4h	59m 20s	$3.4M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$9.24
Price spread: +0.047% → −0.083%: $12.98
Slippage, 4 orders: −$58.85
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.11
Costs to cover: 0.809%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 19 min ago; Bitget: live order book, 3 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, 19 min ago	6.14 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.29 bp	21.7 bp −$22	58.8 bp −$588	doesn't fit	doesn't fit

BOME on 19 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	0.001063	−0.056%	$9	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001064	+0.019%	$34K	$10K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−12.016%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001065	+0.110%	$34K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001063	−0.028%	$9.5M	$30.3M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001062	−0.113%	$2.9M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001064	+0.085%	$2.8M	$11.7M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001064	+0.047%	$3.0M	$1.8M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001063	−0.103%	$999K	$677K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001064	+0.009%	$638K	$743K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BOMEUSDTshort	+0.0100%	4h	0.001064	+0.047%	$3.4M	$1.8M	50x
BingX BOME-USDC	+0.0100%	4h	0.001064	+0.047%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001062	−0.131%	$23K	$17K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001063	−0.103%	$6K	$166K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001063	−0.040%	$7K	—	5x	as long as short
BloFin BOME-USDT	+0.0134%	4h	0.001063	−0.066%	$755K	$161K	50x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0144%	1h	0.001064	long leg	$68K	$537K	50x
Kraken Futures PF_BOMEUSD	+0.0178%	1h	0.001065	+0.085%	$111K	$171K	10x	as long as short
Hyperliquid BOME	+0.0440%	1h	0.001067	+0.320%	$4.0M	$439K	3x	as long as short