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 Bybit+0.133%54s7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.025% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.133%, 7d avg +0.154%
=Funding pays, the price is against you. Coinbase International is 0.021% cheaper against Bybit than usual: you would sell low and buy high (spread +0.133% now, against its 7-day average of +0.154%). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.064% in total) that is about 2.2 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.064% in total (about 3.4% 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 | Bybit BOMEUSDT | 0.001125 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $3.1M | $3.9M | 25x |
| Short | Coinbase International BOME-PERP-INTX | 0.001127 | 0.0328 | get 0.0041% / 1h | 3m 19s | $78K | $782K | 50x |
Bybit BOMEUSDT
Coinbase International BOME-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $47.88
- Price spread: +0.133% → +0.154%
- −$2.06
- Slippage, 4 orders
- −$81.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$56.66
- Costs to cover
- 1.025%
- Break-even
- 15.3 days
Slippage from Bybit: live order book, 4 min ago; Coinbase International: live order book, 40 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 Bybit live order book, 4 min ago | 3.10 bp | 36.9 bp −$37 | 157.1 bp −$1,571 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 40 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 | 0.001125 | −0.009% | $10 | — | 100x | as long as short |
| Injective BOME/USDC PERP | +0.0033% | 1h | 0.0009358 | −16.825% | $1K | $36K | 5.5x | as long as short |
| BloFin BOME-USDT | +0.0049% | 4h | 0.001130 | +0.453% | $827K | $178K | 50x | as long as short |
| Aster BOMEUSDT | +0.0100% | 4h | 0.001126 | +0.104% | $36K | $42K | 10x | as long as short |
| Binance BOMEUSDT | +0.0100% | 4h | 0.001126 | +0.090% | $10.7M | $29.3M | 50x | as long as short |
| Bybit BOMEUSDTlong | +0.0100% | 4h | 0.001125 | long leg | $3.1M | $3.9M | 25x | |
| OKX BOME-USDT-SWAP | +0.0100% | 4h | 0.001127 | +0.151% | $3.1M | $11.0M | 20x | as long as short |
| MEXC BOME_USDT | +0.0100% | 4h | 0.001126 | +0.062% | $1.3M | $702K | 200x | as long as short |
| KuCoin BOMEUSDTM | +0.0100% | 4h | 0.001129 | +0.329% | $713K | $825K | 50x | as long as short |
| Bitget BOMEUSDT | +0.0100% | 4h | 0.001127 | +0.196% | $3.6M | $2.0M | 50x | as long as short |
GMX BOME/USD [WBTC.b-USDC]
Injective BOME/USDC PERP
BloFin BOME-USDT
Aster BOMEUSDT
Binance BOMEUSDT
OKX BOME-USDT-SWAP
MEXC BOME_USDT
KuCoin BOMEUSDTM
Bitget BOMEUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BOME-USDT | +0.0100% | 4h | 0.001126 | +0.098% | — | $31.4M | — | as long as short |
| Variational Omni BOME | +0.0100% | 4h | 0.001129 | +0.382% | $22K | $15K | — | as long as short |
| HTX BOME-USDT | +0.0100% | 4h | 0.001127 | +0.160% | $4K | $140K | 20x | as long as short |
| Extended kBOME-USD | +0.0104% | 1h | 0.001128 | +0.229% | $8K | — | 5x | as long as short |
| Deribit BOME_USDC-PERPETUAL | +0.0105% | 1h | 0.001127 | +0.169% | $8K | $39K | 10x | as long as short |
| Gate BOME_USDT | +0.0204% | 4h | 0.001127 | +0.160% | $3.2M | $1.8M | 50x | as long as short |
| Kraken Futures PF_BOMEUSD | +0.0270% | 1h | 0.001127 | +0.206% | $121K | $159K | 10x | as long as short |
| Coinbase International BOME-PERP-INTXshort | +0.0328% | 1h | 0.001127 | +0.133% | $78K | $782K | 50x | |
| Hyperliquid BOME | +0.0942% | 1h | 0.001129 | +0.347% | $4.2M | $445K | 3x | as long as short |
BingX BOME-USDT
Variational Omni BOME
HTX BOME-USDT
Extended kBOME-USD
Deribit BOME_USDC-PERPETUAL
Gate BOME_USDT
Kraken Futures PF_BOMEUSD
Hyperliquid BOME