Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.005%

Price spread now: Binance against Coinbase International−0.168%7-day average −0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.168%, 7d avg −0.176%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.176%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% 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	Coinbase International BOME-PERP-INTX	0.001071	0.0288	pay 0.0036% / 1h	57m 11s	$70K	$581K	50x
Short	Binance BOMEUSDT	0.001070	0.0100	get 0.0050% / 4h	1h 57m	$9.7M	$30.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.168%Rate

Funding earned: −$39.48
Price spread: −0.168% → −0.176%: $0.84
Slippage, 4 orders: −$49.67
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$108.32
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Binance: live order book, 14 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 Coinbase International live order book, 6 min ago	10.31 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.47 bp	19.6 bp −$20	44.9 bp −$449	doesn't fit	doesn't fit

BOME on 18 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_BOMEUSD	−0.0279%	1h	0.001069	−0.222%	$112K	$163K	10x	as long as short
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001069	−0.224%	$10	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001069	−0.187%	$31K	$16K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−12.656%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001070	−0.095%	$35K	$49K	10x	as long as short
Binance BOMEUSDTshort	+0.0100%	4h	0.001070	−0.168%	$9.7M	$30.1M	50x
Bybit BOMEUSDT	+0.0100%	4h	0.001069	−0.177%	$2.9M	$4.0M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001070	−0.159%	$2.9M	$11.3M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001070	−0.121%	$3.0M	$1.7M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001069	−0.196%	$1.0M	$695K	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BOMEUSDTM	+0.0100%	4h	0.001071	−0.084%	$615K	$807K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001070	−0.093%	$3.4M	$1.9M	50x	as long as short
BingX BOME-USDC	+0.0100%	4h	0.001070	−0.168%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001067	−0.437%	$23K	$18K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001070	−0.140%	$6K	$161K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001069	−0.189%	$7K	—	5x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0288%	1h	0.001071	long leg	$70K	$581K	50x
Hyperliquid BOME	+0.0687%	1h	0.001072	+0.056%	$4.0M	$456K	3x	as long as short