Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.022%

Price spread now: MEXC against Coinbase International−0.109%7-day average −0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.109%, 7d avg −0.162%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.054% dearer against Coinbase International than usual: you sell high and buy low (spread −0.109% now, against its 7-day average of −0.162%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.047% in total) that is about 7.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.5% 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	0.001105	0.0352	pay 0.0044% / 1h	41m 38s	$64K	$777K	50x
Short	MEXC BOME_USDT	0.001104	0.0100	get 0.0050% / 4h	41m 38s	$1.3M	$706K	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$52.92
Price spread: −0.109% → −0.162%: $5.37
Slippage, 4 orders: −$36.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$98.03
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 62 min ago; MEXC: 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, 62 min ago	11.03 bp	21.5 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.91 bp	6.2 bp −$6	26.3 bp −$263	80.7 bp −$8,069	265.6 bp −$132.8K

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	0.001106	+0.118%	$10	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001107	+0.163%	$8K	$39K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−15.289%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001105	+0.003%	$36K	$42K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001104	−0.045%	$10.3M	$30.0M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001104	−0.054%	$3.0M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001106	+0.081%	$3.0M	$11.0M	20x	as long as short
MEXC BOME_USDTshort	+0.0100%	4h	0.001104	−0.109%	$1.3M	$706K	200x
KuCoin BOMEUSDTM	+0.0100%	4h	0.001105	+0.027%	$706K	$826K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001104	−0.036%	$3.5M	$2.1M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BOME-USDC	+0.0100%	4h	0.001105	+0.009%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001103	−0.137%	$21K	$15K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001107	+0.181%	$4K	$142K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001103	−0.113%	$8K	—	5x	as long as short
BloFin BOME-USDT	+0.0115%	4h	0.001103	−0.118%	$829K	$174K	50x	as long as short
Gate BOME_USDT	+0.0154%	4h	0.001106	+0.100%	$3.1M	$1.8M	50x	as long as short
Kraken Futures PF_BOMEUSD	+0.0243%	1h	0.001104	−0.040%	$116K	$164K	10x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0352%	1h	0.001105	long leg	$64K	$777K	50x
Hyperliquid BOME	+0.0470%	1h	0.001107	+0.208%	$4.1M	$451K	3x	as long as short