Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.025%

Price spread now: BingX against Coinbase International−0.530%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$620.625% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.611%+$61 · spread now −0.530%, 7d avg −0.125%

Together, before fees+0.578%+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BingX is 0.404% cheaper against Coinbase International than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.125%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% 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	Coinbase International BOME-PERP-INTX	0.001114	0.0352	pay 0.0044% / 1h	33m 38s	$65K	$815K	50x
Short	BingX BOME-USDT	0.001108	0.0100	get 0.0050% / 4h	3h 33m	—	$31.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.530%Rate

Funding earned: −$52.92
Price spread: −0.530% → −0.125%: −$40.41
Slippage, 4 orders: −$42.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$155.79
Costs to cover: 0.625%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 65 min ago; BingX: 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 Coinbase International live order book, 65 min ago	8.64 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	0.89 bp	11.6 bp −$12	19.3 bp −$193	234.2 bp −$23.4K	940.6 bp −$470.3K

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_BOMEUSD	−0.0950%	1h	0.001112	−0.232%	$117K	$168K	10x	as long as short
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001111	−0.278%	$10	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001114	−0.036%	$8K	$39K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−16.004%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001110	−0.336%	$36K	$42K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001109	−0.499%	$10.4M	$31.2M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001107	−0.610%	$3.0M	$4.0M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001109	−0.467%	$3.1M	$11.5M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001110	−0.341%	$3.1M	$1.8M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001108	−0.521%	$1.3M	$727K	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	0.001110	−0.332%	$693K	$833K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001107	−0.601%	$3.5M	$2.2M	50x	as long as short
BingX BOME-USDTshort	+0.0100%	4h	0.001108	−0.530%	—	$31.4M	—
Variational Omni BOME	+0.0100%	4h	0.001115	+0.118%	$22K	$15K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001112	−0.206%	$4K	$146K	20x	as long as short
BloFin BOME-USDT	+0.0102%	4h	0.001116	+0.188%	$802K	$177K	50x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001108	−0.537%	$8K	—	5x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0352%	1h	0.001114	long leg	$65K	$815K	50x
Hyperliquid BOME	+0.1159%	1h	0.001113	−0.099%	$4.3M	$527K	3x	as long as short