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 +0.018%

Price spread now: Coinbase International against MEXC+0.046%7-day average +0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$580.584% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now +0.046%, 7d avg +0.166%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.121% cheaper against MEXC than usual: you would sell low and buy high (spread +0.046% now, against its 7-day average of +0.166%). If the spread goes back, that is −$12 on $10k: about 42 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.044% in total) that is about 19 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% 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	MEXC BOME_USDT	0.001098	0.0100	pay 0.0050% / 4h	1h 27m	$1.1M	$671K	200x
Short	Coinbase International BOME-PERP-INTX	0.001098	0.0328	get 0.0041% / 1h	27m 20s	$70K	$669K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.046%Rate

Funding earned: $47.88
Price spread: +0.046% → +0.166%: −$12.07
Slippage, 4 orders: −$44.41
Fee MEXC: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$22.59
Costs to cover: 0.584%
Break-even: 10.3 days

Slippage from MEXC: live order book, 4 min ago; Coinbase International: live order book, 16 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 MEXC live order book, 4 min ago	0.92 bp	10.5 bp −$11	17.2 bp −$172	74.1 bp −$7,415	230.3 bp −$115.1K
Sell Coinbase International live order book, 16 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	0.001093	−0.446%	$10	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−14.765%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDT	+0.0073%	4h	0.001094	−0.310%	$824K	$172K	50x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001098	−0.021%	$36K	$45K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001098	+0.007%	$10.3M	$28.0M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001098	−0.027%	$3.0M	$3.7M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001100	+0.164%	$3.0M	$10.3M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001097	−0.109%	$3.1M	$1.7M	50x	as long as short
MEXC BOME_USDTlong	+0.0100%	4h	0.001098	long leg	$1.1M	$671K	200x
KuCoin BOMEUSDTM	+0.0100%	4h	0.001099	+0.064%	$650K	$792K	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	0.001101	+0.246%	$3.5M	$1.9M	50x	as long as short
BingX BOME-USDC	+0.0100%	4h	0.001098	+0.009%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001091	−0.673%	$21K	$15K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001095	−0.228%	$4K	$137K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001098	−0.018%	$8K	—	5x	as long as short
Kraken Futures PF_BOMEUSD	+0.0277%	1h	0.001099	+0.067%	$116K	$145K	10x	as long as short
Coinbase International BOME-PERP-INTXshort	+0.0328%	1h	0.001098	+0.046%	$70K	$669K	50x
Deribit BOME_USDC-PERPETUAL	+0.0660%	1h	0.001100	+0.155%	$8K	$39K	10x	as long as short
Hyperliquid BOME	+0.1275%	1h	0.001100	+0.191%	$4.1M	$440K	3x	as long as short