Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0509%/8h= +55.7% APRpaid last 24h −0.105%

Price spread now: OKX against Kraken Futures+0.151%45s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1521.518% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.151%, 7d avg −0.001%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.152% dearer against Kraken Futures than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% 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	Kraken Futures PF_BOMEUSD	0.001051	−0.0409	get 0.0051% / 1h	10m 37s	$110K	$169K	10x
Short	OKX BOME-USDT-SWAP	0.001052	0.0100	get 0.0050% / 4h	2h 10m	$2.8M	$11.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.151%Rate

Funding earned: $106.82
Price spread: +0.151% → −0.001%: $15.21
Slippage, 4 orders: −$131.84
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.8
Costs to cover: 1.518%
Break-even: 9.0 days

Slippage from Kraken Futures: live order book, 12 min ago; OKX: live order book, 3 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, 12 min ago	7.57 bp	55.1 bp −$55	198.4 bp −$1,984	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.48 bp	23.6 bp −$24	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
Kraken Futures PF_BOMEUSDlong	−0.0409%	1h	0.001051	long leg	$110K	$169K	10x
Deribit BOME_USDC-PERPETUAL	−0.0131%	1h	0.001050	−0.030%	$33K	$10K	10x	as long as short
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001050	−0.049%	$9	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−10.920%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDT	+0.0097%	4h	0.001049	−0.144%	$380K	$159K	50x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001051	+0.017%	$34K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001052	+0.107%	$9.4M	$30.4M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001050	−0.040%	$2.9M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAPshort	+0.0100%	4h	0.001052	+0.151%	$2.8M	$11.7M	20x
Gate BOME_USDT	+0.0100%	4h	0.001051	+0.075%	$2.9M	$1.8M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BOME_USDT	+0.0100%	4h	0.001050	−0.059%	$928K	$682K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001050	−0.021%	$656K	$715K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001051	+0.046%	$3.3M	$1.8M	50x	as long as short
BingX BOME-USDC	+0.0100%	4h	0.001050	−0.011%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001053	+0.256%	$23K	$17K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001050	−0.097%	$5K	$171K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001050	−0.043%	$7K	—	5x	as long as short
Coinbase International BOME-PERP-INTX	+0.0120%	1h	0.001060	+0.874%	$71K	$530K	50x	as long as short
Hyperliquid BOME	+0.0683%	1h	0.001054	+0.332%	$3.9M	$438K	3x	as long as short