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 +0.018%

Price spread now: Coinbase International against KuCoin−0.116%7-day average +0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$1961.955% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.116%, 7d avg +0.105%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.221% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.105%). If the spread goes back, that is −$22 on $10k: about 2.9 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.036% in total) that is about 43 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% 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	KuCoin BOMEUSDTM	0.001123	0.0100	pay 0.0050% / 4h	57m 52s	$712K	$825K	50x
Short	Coinbase International BOME-PERP-INTX	0.001122	0.0352	get 0.0044% / 1h	57m 52s	$67K	$780K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.116%Rate

Funding earned: $52.92
Price spread: −0.116% → +0.105%: −$22.11
Slippage, 4 orders: −$173.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$164.73
Costs to cover: 1.955%
Break-even: 28.8 days

Slippage from KuCoin: live order book, 7 min ago; Coinbase International: live order book, 45 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 KuCoin live order book, 7 min ago	9.75 bp	58.3 bp −$58	568.3 bp −$5,683	doesn't fit	doesn't fit
Sell Coinbase International live order book, 45 min ago	11.03 bp	18.1 bp −$18	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	0.001123	−0.027%	$10	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001124	+0.027%	$8K	$39K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−16.692%	$1K	$36K	5.5x	as long as short
Hyperliquid BOME	+0.0100%	1h	0.001122	−0.116%	$4.2M	$447K	3x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001122	−0.098%	$36K	$42K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001119	−0.374%	$10.7M	$29.4M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001117	−0.552%	$3.0M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001119	−0.392%	$3.1M	$11.0M	20x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001121	−0.240%	$1.2M	$684K	200x	as long as short
KuCoin BOMEUSDTMlong	+0.0100%	4h	0.001123	long leg	$712K	$825K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BOMEUSDT	+0.0100%	4h	0.001119	−0.347%	$3.6M	$2.0M	50x	as long as short
BingX BOME-USDT	+0.0100%	4h	0.001121	−0.214%	—	$31.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001125	+0.116%	$22K	$15K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001125	+0.151%	$4K	$140K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001121	−0.218%	$8K	—	5x	as long as short
BloFin BOME-USDT	+0.0150%	4h	0.001126	+0.205%	$832K	$177K	50x	as long as short
Gate BOME_USDT	+0.0198%	4h	0.001123	−0.062%	$3.2M	$1.7M	50x	as long as short
Kraken Futures PF_BOMEUSD	+0.0239%	1h	0.001122	−0.129%	$120K	$159K	10x	as long as short
Coinbase International BOME-PERP-INTXshort	+0.0352%	1h	0.001122	−0.116%	$67K	$780K	50x