Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.003%

Price spread now: Binance against Coinbase International−0.999%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 3 days (all we have)+0.919%+$92 · spread now −0.999%, 7d avg −0.168%

Together, before fees+0.894%+$89 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.831% cheaper against Coinbase International than usual: you would sell low and buy high (−$83 if the spread goes back to its 7-day average of −0.168%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BOME-PERP-INTX	0.001060	0.0120	pay 0.0015% / 1h	11m 40s	$71K	$530K	50x
Short	Binance BOMEUSDT	0.001049	0.0100	get 0.0050% / 4h	2h 11m	$9.4M	$30.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.999%Rate

Funding earned: −$4.2
Price spread: −0.999% → −0.168%: −$83.13
Slippage, 4 orders: −$44.04
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$151.37
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 11 min ago; Binance: live order book, 15 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, 11 min ago	8.04 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.47 bp	12.5 bp −$13	32.1 bp −$321	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
Kraken Futures PF_BOMEUSD	−0.0409%	1h	0.001050	−0.876%	$110K	$169K	10x	as long as short
Deribit BOME_USDC-PERPETUAL	−0.0226%	1h	0.001050	−0.963%	$33K	$10K	10x	as long as short
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001049	−1.010%	$9	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−11.692%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001050	−0.915%	$34K	$49K	10x	as long as short
Binance BOMEUSDTshort	+0.0100%	4h	0.001049	−0.999%	$9.4M	$30.4M	50x
Bybit BOMEUSDT	+0.0100%	4h	0.001049	−1.029%	$2.9M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001050	−0.953%	$2.8M	$11.6M	20x	as long as short
Gate BOME_USDT	+0.0100%	4h	0.001050	−0.887%	$2.9M	$1.8M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001050	−0.953%	$928K	$682K	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	0.001050	−0.934%	$656K	$715K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001051	−0.868%	$3.3M	$1.8M	50x	as long as short
BingX BOME-USDC	+0.0100%	4h	0.001050	−0.934%	—	$6.5M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001053	−0.613%	$23K	$17K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001050	−0.963%	$5K	$171K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001049	−1.009%	$7K	—	5x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0120%	1h	0.001060	long leg	$71K	$530K	50x
BloFin BOME-USDT	+0.0155%	4h	0.001052	−0.698%	$382K	$160K	50x	as long as short
Hyperliquid BOME	+0.0676%	1h	0.001053	−0.632%	$3.9M	$438K	3x	as long as short