Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.015%

Price spread now: Coinbase International against BingX+0.222%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on BingX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.222%, 7d avg +0.130%

Together, before fees+0.058%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.091% dearer against BingX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.130%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% 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	BingX BOME-USDC	0.001082	0.0100	pay 0.0050% / 4h	1h 55m	—	$6.5M	—
Short	Coinbase International BOME-PERP-INTX	0.001084	0.0328	get 0.0041% / 1h	55m 17s	$69K	$650K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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 BingXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.222%Rate

Funding earned: $47.88
Price spread: +0.222% → +0.130%: $9.15
Slippage, 4 orders: −$85.15
Fee BingX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$48.12
Costs to cover: 1.052%
Break-even: 14.0 days

Slippage from BingX: live order book, 10 min ago; Coinbase International: live order book, 53 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 BingX live order book, 10 min ago	2.76 bp	34.0 bp −$34	181.1 bp −$1,811	474.5 bp −$47.4K	572.9 bp −$286.4K
Sell Coinbase International live order book, 53 min ago	8.38 bp	21.2 bp −$21	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	0.001082	0.000%	$10	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−13.512%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDT	+0.0100%	4h	0.001083	+0.120%	$783K	$170K	50x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001083	+0.075%	$35K	$45K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001084	+0.170%	$10.1M	$27.6M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001083	+0.111%	$2.9M	$3.7M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001084	+0.157%	$2.9M	$10.2M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001083	+0.102%	$3.1M	$1.6M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001082	+0.037%	$1.1M	$664K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001084	+0.139%	$631K	$788K	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	0.001084	+0.194%	$3.4M	$1.9M	50x	as long as short
BingX BOME-USDClong	+0.0100%	4h	0.001082	long leg	—	$6.5M	—
Variational Omni BOME	+0.0100%	4h	0.001086	+0.348%	$21K	$15K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001083	+0.129%	$5K	$135K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001082	+0.026%	$8K	—	5x	as long as short
Kraken Futures PF_BOMEUSD	+0.0281%	1h	0.001082	+0.006%	$115K	$145K	10x	as long as short
Coinbase International BOME-PERP-INTXshort	+0.0328%	1h	0.001084	+0.222%	$69K	$650K	50x
Deribit BOME_USDC-PERPETUAL	+0.0490%	1h	0.001082	+0.037%	$8K	$39K	10x	as long as short
Hyperliquid BOME	+0.1544%	1h	0.001087	+0.462%	$4.1M	$440K	3x	as long as short