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: OKX against Coinbase International+0.151%7-day average −0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$680.684% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.391%−$39 · spread now +0.151%, 7d avg −0.126%

Together, before fees−0.409%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.277% dearer against Coinbase International than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of −0.126%): +$28 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−0.018% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BOME-PERP-INTX	0.001056	0.0144	pay 0.0018% / 1h	36m 36s	$68K	$533K	50x
Short	OKX BOME-USDT-SWAP	0.001058	0.0100	get 0.0050% / 4h	1h 36m	$2.8M	$11.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.151%Rate

Funding earned: −$9.24
Price spread: +0.151% → −0.126%: $27.74
Slippage, 4 orders: −$48.43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.93
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 47 min ago; OKX: live order book, 2 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, 47 min ago	8.04 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.47 bp	17.4 bp −$17	138.4 bp −$1,384	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	0.001057	+0.047%	$9	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001058	+0.170%	$33K	$10K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−11.425%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001057	+0.080%	$34K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001057	+0.072%	$9.5M	$30.3M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001058	+0.114%	$2.9M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAPshort	+0.0100%	4h	0.001058	+0.151%	$2.8M	$11.6M	20x
Gate BOME_USDT	+0.0100%	4h	0.001057	+0.066%	$3.0M	$1.8M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001058	+0.095%	$953K	$681K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001058	+0.123%	$635K	$737K	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	0.001059	+0.218%	$3.4M	$1.8M	50x	as long as short
BingX BOME-USDT	+0.0100%	4h	0.001058	+0.161%	—	$31.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001058	+0.112%	$23K	$17K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001058	+0.123%	$5K	$172K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001057	+0.049%	$7K	—	5x	as long as short
BloFin BOME-USDT	+0.0107%	4h	0.001058	+0.161%	$745K	$161K	50x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0144%	1h	0.001056	long leg	$68K	$533K	50x
Kraken Futures PF_BOMEUSD	+0.0179%	1h	0.001059	+0.220%	$110K	$170K	10x	as long as short
Hyperliquid BOME	+0.0610%	1h	0.001061	+0.426%	$4.0M	$438K	3x	as long as short