Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.090%

Price spread now: Bybit against Kraken Futures−0.062%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1941.944% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.062%, 7d avg −0.055%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.087%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BOMEUSD	0.001058	0.0179	pay 0.0022% / 1h	10m 44s	$110K	$171K	10x
Short	Bybit BOMEUSDT	0.001057	0.0100	get 0.0050% / 4h	1h 10m	$2.9M	$3.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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 Kraken FuturesbpFee BybitbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$16.6
Price spread: −0.062% → −0.055%: −$0.67
Slippage, 4 orders: −$173.37
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$211.65
Costs to cover: 1.944%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 7 min ago; Bybit: 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 Kraken Futures live order book, 7 min ago	7.09 bp	65.3 bp −$65	205.6 bp −$2,056	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.36 bp	36.1 bp −$36	174.0 bp −$1,740	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	−0.147%	$9	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001057	−0.043%	$33K	$10K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−11.513%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDT	+0.0082%	4h	0.001057	−0.024%	$742K	$159K	50x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001058	−0.002%	$34K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001057	−0.015%	$9.5M	$30.3M	50x	as long as short
Bybit BOMEUSDTshort	+0.0100%	4h	0.001057	−0.062%	$2.9M	$3.9M	25x
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001058	+0.061%	$2.8M	$11.6M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001058	+0.023%	$3.0M	$1.8M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001057	−0.033%	$994K	$690K	200x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BOMEUSDTM	+0.0100%	4h	0.001057	−0.033%	$632K	$739K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001059	+0.108%	$3.4M	$1.8M	50x	as long as short
BingX BOME-USDT	+0.0100%	4h	0.001058	−0.005%	—	$31.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001057	−0.051%	$23K	$17K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001057	−0.043%	$5K	$168K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001057	−0.049%	$7K	—	5x	as long as short
Coinbase International BOME-PERP-INTX	+0.0144%	1h	0.001059	+0.156%	$68K	$534K	50x	as long as short
Kraken Futures PF_BOMEUSDlong	+0.0179%	1h	0.001058	long leg	$110K	$171K	10x
Hyperliquid BOME	+0.0690%	1h	0.001061	+0.326%	$4.0M	$438K	3x	as long as short