Funding arb · Price arb /

BOME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.025%

Price spread now: KuCoin against Coinbase International+0.133%51s7-day average −0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as 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−$1941.944% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.133%, 7d avg −0.101%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.235% dearer against Coinbase International than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.101%): +$23 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.042% in total) that is about 39 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BOME-PERP-INTX	0.001124	0.0352	pay 0.0044% / 1h	50m 25s	$66K	$818K	50x
Short	KuCoin BOMEUSDTM	0.001125	0.0100	get 0.0050% / 4h	3h 50m	$708K	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$52.92
Price spread: +0.133% → −0.101%: $23.47
Slippage, 4 orders: −$172.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$223.9
Costs to cover: 1.944%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 48 min ago; KuCoin: 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, 48 min ago	8.64 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	8.08 bp	81.0 bp −$81	332.2 bp −$3,322	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
Kraken Futures PF_BOMEUSD	−0.0942%	1h	0.001122	−0.150%	$118K	$168K	10x	as long as short
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001122	−0.142%	$10	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−16.714%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDT	+0.0067%	4h	0.001118	−0.454%	$800K	$178K	50x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001125	+0.124%	$36K	$42K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001124	+0.045%	$10.5M	$31.1M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001123	−0.062%	$3.0M	$4.0M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001125	+0.107%	$3.2M	$11.6M	20x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001124	+0.071%	$1.3M	$719K	200x	as long as short
KuCoin BOMEUSDTMshort	+0.0100%	4h	0.001125	+0.133%	$708K	$832K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BOMEUSDT	+0.0100%	4h	0.001125	+0.169%	$3.6M	$2.2M	50x	as long as short
BingX BOME-USDT	+0.0100%	4h	0.001124	+0.053%	—	$31.4M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001122	−0.105%	$22K	$15K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001125	+0.080%	$4K	$144K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001126	+0.184%	$8K	—	5x	as long as short
Deribit BOME_USDC-PERPETUAL	+0.0195%	1h	0.001124	+0.062%	$8K	$39K	10x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0352%	1h	0.001124	long leg	$66K	$818K	50x
Gate BOME_USDT	+0.0786%	4h	0.001125	+0.098%	$3.2M	$1.8M	50x	as long as short
Hyperliquid BOME	+0.1102%	1h	0.001129	+0.481%	$4.3M	$544K	3x	as long as short