Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.004%

Price spread now: Gate against Coinbase International−0.019%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1861.860% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now −0.019%, 7d avg −0.117%

Together, before fees−0.165%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.098% dearer against Coinbase International than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.117%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.019% in total) that is about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BOME-PERP-INTX	0.001065	0.0160	pay 0.0020% / 1h	58m 24s	$68K	$537K	50x
Short	Gate BOME_USDT	0.001065	0.0100	get 0.0050% / 4h	58m 24s	$3.0M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpOrdersPrice spread, now −0.019%Rate

Funding earned: −$12.6
Price spread: −0.019% → −0.117%: $9.84
Slippage, 4 orders: −$161
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$188.76
Costs to cover: 1.860%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 20 min ago; Gate: live order book, 5 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, 20 min ago	6.14 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.88 bp	61.3 bp −$61	doesn't fit	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	0.001064	−0.075%	$10	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001064	−0.056%	$34K	$10K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−12.115%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDT	+0.0076%	4h	0.001062	−0.244%	$756K	$169K	50x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001065	+0.004%	$34K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001064	−0.051%	$9.6M	$30.3M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001063	−0.141%	$2.9M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001065	−0.009%	$2.8M	$11.6M	20x	as long as short
Gate BOME_USDTshort	+0.0100%	4h	0.001065	−0.019%	$3.0M	$1.8M	50x
MEXC BOME_USDT	+0.0100%	4h	0.001064	−0.056%	$1.0M	$677K	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BOMEUSDTM	+0.0100%	4h	0.001065	−0.019%	$638K	$743K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001066	+0.103%	$3.4M	$1.8M	50x	as long as short
BingX BOME-USDC	+0.0100%	4h	0.001064	−0.047%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001062	−0.244%	$23K	$17K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001064	−0.103%	$6K	$166K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001064	−0.072%	$7K	—	5x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0160%	1h	0.001065	long leg	$68K	$537K	50x
Hyperliquid BOME	+0.0274%	1h	0.001067	+0.207%	$4.0M	$439K	3x	as long as short
Kraken Futures PF_BOMEUSD	+0.0301%	1h	0.001065	+0.059%	$111K	$171K	10x	as long as short