Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.005%

Price spread now: Bybit against Coinbase International+0.121%7-day average −0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$1171.173% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 3 days (all we have)−0.271%−$27 · spread now +0.121%, 7d avg −0.169%

Together, before fees−0.321%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.291% dearer against Coinbase International than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.169%): +$29 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.050% in total) that is about 41 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BOME-PERP-INTX	0.001070	0.0152	pay 0.0019% / 1h	18m 47s	$71K	$546K	50x
Short	Bybit BOMEUSDT	0.001071	0.0100	get 0.0050% / 4h	3h 18m	$3.0M	$3.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$10.92
Price spread: +0.121% → −0.169%: $29.08
Slippage, 4 orders: −$96.29
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$99.13
Costs to cover: 1.173%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 54 min ago; Bybit: 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, 54 min ago	11.82 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.40 bp	38.4 bp −$38	159.9 bp −$1,599	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	0.001073	+0.271%	$10	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001073	+0.262%	$34K	$10K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−12.550%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001072	+0.199%	$35K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001071	+0.055%	$9.7M	$29.9M	50x	as long as short
Bybit BOMEUSDTshort	+0.0100%	4h	0.001071	+0.121%	$3.0M	$3.9M	25x
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001071	+0.084%	$2.8M	$11.5M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001072	+0.140%	$3.0M	$1.8M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001071	+0.065%	$1.0M	$695K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001071	+0.047%	$666K	$776K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BOMEUSDT	+0.0100%	4h	0.001072	+0.140%	$3.4M	$1.8M	50x	as long as short
BingX BOME-USDT	+0.0100%	4h	0.001071	+0.121%	—	$31.2M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001072	+0.142%	$23K	$18K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001072	+0.168%	$6K	$165K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001070	+0.030%	$7K	—	5x	as long as short
BloFin BOME-USDT	+0.0106%	4h	0.001073	+0.262%	$754K	$171K	50x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0152%	1h	0.001070	long leg	$71K	$546K	50x
Kraken Futures PF_BOMEUSD	+0.0513%	1h	0.001070	−0.022%	$111K	$169K	10x	as long as short
Hyperliquid BOME	+0.0838%	1h	0.001073	+0.271%	$4.0M	$443K	3x	as long as short