Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0263%/8h= −28.8% APRpaid last 24h −0.206%

Price spread now: Bybit against Hyperliquid−0.148%7-day average −0.307% · you buy dearer than you sell

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1371.367% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.347%−$35 on $10k

Price spread, last 7 days−0.045%−$4 · spread now −0.148%, 7d avg −0.307%

Together, before fees−0.391%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.159% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.148% now, against its 7-day average of −0.307%): +$16 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BOME	0.001080	0.0363	pay 0.0045% / 1h	32m 56s	$4.0M	$450K	3x
Short	Bybit BOMEUSDT	0.001078	0.0100	get 0.0050% / 4h	32m 56s	$2.9M	$3.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hyperliquid. 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 HyperliquidbpFee BybitbpOrdersPrice spread, now −0.148%Rate

Funding earned: −$55.19
Price spread: −0.148% → −0.307%: $15.88
Slippage, 4 orders: −$116.68
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$176
Costs to cover: 1.367%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Bybit: 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 Hyperliquid live order book, 9 min ago	4.66 bp	31.5 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.80 bp	41.1 bp −$41	169.6 bp −$1,696	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	0.001075	−0.463%	$10	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−13.352%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDT	+0.0077%	4h	0.001070	−0.917%	$763K	$162K	50x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001077	−0.252%	$35K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001077	−0.231%	$9.8M	$28.9M	50x	as long as short
Bybit BOMEUSDTshort	+0.0100%	4h	0.001078	−0.148%	$2.9M	$3.9M	25x
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001078	−0.185%	$2.8M	$11.2M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001078	−0.148%	$3.0M	$1.7M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001078	−0.167%	$1.0M	$698K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001078	−0.185%	$620K	$798K	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	0.001078	−0.157%	$3.4M	$1.8M	50x	as long as short
BingX BOME-USDT	+0.0100%	4h	0.001077	−0.231%	—	$31.1M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001072	−0.703%	$23K	$14K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001076	−0.333%	$5K	$159K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001078	−0.210%	$8K	—	5x	as long as short
Kraken Futures PF_BOMEUSD	+0.0202%	1h	0.001078	−0.205%	$113K	$154K	10x	as long as short
Coinbase International BOME-PERP-INTX	+0.0312%	1h	0.001078	−0.222%	$68K	$605K	50x	as long as short
Hyperliquid BOMElong	+0.0363%	1h	0.001080	long leg	$4.0M	$450K	3x
Deribit BOME_USDC-PERPETUAL	+0.0678%	1h	0.001079	−0.130%	$27K	$20K	10x	as long as short