Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.007%

Price spread now: Gate against Coinbase International−0.019%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1161.157% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.019%, 7d avg −0.111%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.092% dearer against Coinbase International than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.111%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.025% in total) that is about 26 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% 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	0.001073	0.0288	pay 0.0036% / 1h	31m 11s	$69K	$583K	50x
Short	Gate BOME_USDT	0.001073	0.0104	get 0.0052% / 4h	1h 31m	$3.0M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.019%Rate

Funding earned: −$38.64
Price spread: −0.019% → −0.111%: $9.24
Slippage, 4 orders: −$90.67
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$145.08
Costs to cover: 1.157%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 32 min ago; Gate: live order book, 2 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, 32 min ago	10.31 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.26 bp	32.6 bp −$33	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
Kraken Futures PF_BOMEUSD	−0.0278%	1h	0.001074	+0.053%	$113K	$164K	10x	as long as short
GMX BOME/USD [WBTC.b-USDC]	L 0.0000% / S +0.0270%	1h	0.001072	−0.121%	$10	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−12.811%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001073	−0.011%	$35K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001073	+0.012%	$9.8M	$30.0M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001073	−0.028%	$2.9M	$4.0M	25x	as long as short
OKX BOME-USDT-SWAP	+0.0100%	4h	0.001074	+0.084%	$2.9M	$11.4M	20x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001073	+0.009%	$1.0M	$698K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001073	−0.047%	$622K	$801K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001073	−0.009%	$3.4M	$1.9M	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BOME-USDT	+0.0100%	4h	0.001073	−0.037%	—	$31.1M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001069	−0.406%	$23K	$14K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001072	−0.084%	$6K	$161K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001073	−0.047%	$7K	—	5x	as long as short
Gate BOME_USDTshort	+0.0104%	4h	0.001073	−0.019%	$3.0M	$1.8M	50x
BloFin BOME-USDT	+0.0116%	4h	0.001073	−0.047%	$759K	$159K	50x	as long as short
Deribit BOME_USDC-PERPETUAL	+0.0123%	1h	0.001073	−0.028%	$31K	$16K	10x	as long as short
Coinbase International BOME-PERP-INTXlong	+0.0288%	1h	0.001073	long leg	$69K	$583K	50x
Hyperliquid BOME	+0.1511%	1h	0.001077	+0.345%	$4.0M	$454K	3x	as long as short