Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.022%

Price spread now: Bybit against Coinbase International−0.183%7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1141.140% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.183%, 7d avg −0.150%

Together, before fees+0.007%+$1 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 Bybit is 0.033% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.150%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% 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	0.001095	0.0352	pay 0.0044% / 1h	22m 13s	$64K	$785K	50x
Short	Bybit BOMEUSDT	0.001093	0.0100	get 0.0050% / 4h	22m 13s	$3.0M	$3.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.183%Rate

Funding earned: −$52.92
Price spread: −0.183% → −0.150%: −$3.29
Slippage, 4 orders: −$92.98
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$170.19
Costs to cover: 1.140%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 16 min ago; Bybit: live order book, just now.

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, 16 min ago	8.64 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	3.20 bp	37.4 bp −$37	144.5 bp −$1,445	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	0.001092	−0.256%	$10	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001093	−0.146%	$8K	$39K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−14.523%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDT	+0.0061%	4h	0.001090	−0.466%	$799K	$172K	50x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001093	−0.138%	$35K	$42K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001093	−0.170%	$10.2M	$30.5M	50x	as long as short
Bybit BOMEUSDTshort	+0.0100%	4h	0.001093	−0.183%	$3.0M	$3.9M	25x
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001094	−0.110%	$3.0M	$11.1M	20x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001093	−0.201%	$1.2M	$720K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001094	−0.027%	$697K	$829K	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	0.001094	−0.027%	$3.5M	$2.1M	50x	as long as short
BingX BOME-USDC	+0.0100%	4h	0.001093	−0.146%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001091	−0.388%	$21K	$15K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001093	−0.192%	$4K	$143K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001093	−0.201%	$8K	—	5x	as long as short
Gate BOME_USDT	+0.0106%	4h	0.001093	−0.128%	$3.1M	$1.8M	50x	as long as short
Kraken Futures PF_BOMEUSD	+0.0246%	1h	0.001091	−0.365%	$115K	$167K	10x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0352%	1h	0.001095	long leg	$64K	$785K	50x
Hyperliquid BOME	+0.1707%	1h	0.001097	+0.201%	$4.2M	$517K	3x	as long as short