Funding arb · Price arb /

BOME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h +0.005%

Price spread now: BloFin against Coinbase International+0.037%58s7-day average −0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as 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−$750.749% of the position

Long on Coinbase International Short on BloFin

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)−0.455%−$45 · spread now +0.037%, 7d avg −0.196%

Together, before fees−0.499%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.234% dearer against Coinbase International than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.196%): +$23 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−0.044% in total) that is about 37 days. The two prices were read 58 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 -0.044% 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	Coinbase International BOME-PERP-INTX	0.001069	0.0288	pay 0.0036% / 1h	7m 52s	$67K	$583K	50x
Short	BloFin BOME-USDT	0.001070	0.0084	get 0.0042% / 4h	1h 07m	$751K	$159K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$42.75
Price spread: +0.037% → −0.196%: $23.38
Slippage, 4 orders: −$52.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$94.27
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 55 min ago; BloFin: live order book, 34 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, 55 min ago	10.31 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 34 min ago	0.47 bp	24.1 bp −$24	34.9 bp −$349	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	−0.0279%	1h	0.001070	+0.039%	$112K	$163K	10x	as long as short
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001069	−0.019%	$10	—	100x	as long as short
Deribit BOME_USDC-PERPETUAL	0.0000%	1h	0.001069	+0.028%	$31K	$16K	10x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−12.477%	$1K	$36K	5.5x	as long as short
BloFin BOME-USDTshort	+0.0084%	4h	0.001070	+0.037%	$751K	$159K	50x
Aster BOMEUSDT	+0.0100%	4h	0.001069	+0.013%	$35K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001069	+0.005%	$9.7M	$29.9M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001068	−0.112%	$2.9M	$4.0M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001069	0.000%	$2.8M	$11.3M	20x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001069	−0.028%	$1.0M	$702K	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	0.001069	+0.028%	$616K	$802K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001070	+0.047%	$3.4M	$1.9M	50x	as long as short
BingX BOME-USDT	+0.0100%	4h	0.001070	+0.065%	—	$31.1M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001070	+0.079%	$23K	$14K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001070	+0.065%	$6K	$160K	20x	as long as short
Gate BOME_USDT	+0.0102%	4h	0.001070	+0.056%	$3.0M	$1.8M	50x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001069	−0.011%	$7K	—	5x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0288%	1h	0.001069	long leg	$67K	$583K	50x
Hyperliquid BOME	+0.1661%	1h	0.001073	+0.355%	$4.0M	$454K	3x	as long as short