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: Coinbase International against Gate+0.047%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1761.756% of the position

Long on Gate Short on Coinbase International

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)+0.117%+$12 · spread now +0.047%, 7d avg +0.117%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.070% cheaper against Gate than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.117%). If the spread goes back, that is −$7 on $10k: about 5.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.019% in total) that is about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BOME_USDT	0.001058	0.0100	pay 0.0050% / 4h	1h 40m	$3.0M	$1.8M	50x
Short	Coinbase International BOME-PERP-INTX	0.001059	0.0144	get 0.0018% / 1h	40m 45s	$69K	$532K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.047%Rate

Funding earned: $9.24
Price spread: +0.047% → +0.117%: −$6.99
Slippage, 4 orders: −$150.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$173.31
Costs to cover: 1.756%
Break-even: 138.3 days

Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 42 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 Gate live order book, 2 min ago	3.31 bp	76.1 bp −$76	3162.1 bp −$31.6K	doesn't fit	doesn't fit
Sell Coinbase International live order book, 42 min ago	8.04 bp	19.0 bp −$19	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	0.001056	−0.217%	$9	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001057	−0.132%	$33K	$10K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−11.575%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001059	+0.039%	$34K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001058	−0.039%	$9.5M	$30.3M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001059	+0.047%	$2.9M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001059	+0.066%	$2.8M	$11.6M	20x	as long as short
Gate BOME_USDTlong	+0.0100%	4h	0.001058	long leg	$3.0M	$1.8M	50x
MEXC BOME_USDT	+0.0100%	4h	0.001058	−0.009%	$956K	$681K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001058	−0.047%	$635K	$736K	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	+0.076%	$3.4M	$1.8M	50x	as long as short
BingX BOME-USDC	+0.0100%	4h	0.001059	+0.038%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001051	−0.684%	$23K	$17K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001057	−0.104%	$5K	$172K	20x	as long as short
BloFin BOME-USDT	+0.0102%	4h	0.001056	−0.180%	$734K	$160K	50x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001058	−0.058%	$7K	—	5x	as long as short
Coinbase International BOME-PERP-INTXshort	+0.0144%	1h	0.001059	+0.047%	$69K	$532K	50x
Kraken Futures PF_BOMEUSD	+0.0179%	1h	0.001058	−0.038%	$110K	$170K	10x	as long as short
Hyperliquid BOME	+0.0657%	1h	0.001061	+0.255%	$4.0M	$439K	3x	as long as short