Funding arb · Price arb /

BOME

all BOME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.005%

Price spread now: Coinbase International against OKX−0.308%7-day average +0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$740.739% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.374%+$37 · spread now −0.308%, 7d avg +0.123%

Together, before fees+0.394%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.430% cheaper against OKX than usual: you would sell low and buy high (spread −0.308% now, against its 7-day average of +0.123%). If the spread goes back, that is −$43 on $10k: about 28 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.020% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BOME-USDT-SWAP	0.001073	0.0100	pay 0.0050% / 4h	3h 28m	$2.8M	$11.5M	20x
Short	Coinbase International BOME-PERP-INTX	0.001069	0.0152	get 0.0019% / 1h	28m 32s	$71K	$547K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.308%Rate

Funding earned: $10.92
Price spread: −0.308% → +0.123%: −$43.05
Slippage, 4 orders: −$53.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$105.98
Costs to cover: 0.739%
Break-even: 74.9 days

Slippage from OKX: live order book, 5 min ago; Coinbase International: live order book, 45 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 OKX live order book, 5 min ago	0.47 bp	16.9 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 45 min ago	11.82 bp	20.4 bp −$20	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	0.001070	−0.261%	$10	—	100x	as long as short
Injective BOME/USDC PERP	+0.0033%	1h	0.0009358	−12.770%	$1K	$36K	5.5x	as long as short
Aster BOMEUSDT	+0.0100%	4h	0.001072	−0.118%	$35K	$49K	10x	as long as short
Binance BOMEUSDT	+0.0100%	4h	0.001071	−0.125%	$9.7M	$29.9M	50x	as long as short
Bybit BOMEUSDT	+0.0100%	4h	0.001071	−0.158%	$3.0M	$3.9M	25x	as long as short
OKX BOME-USDT-SWAPlong	+0.0100%	4h	0.001073	long leg	$2.8M	$11.5M	20x
Gate BOME_USDT	+0.0100%	4h	0.001072	−0.103%	$3.0M	$1.8M	50x	as long as short
MEXC BOME_USDT	+0.0100%	4h	0.001071	−0.149%	$1.0M	$692K	200x	as long as short
KuCoin BOMEUSDTM	+0.0100%	4h	0.001072	−0.093%	$650K	$771K	50x	as long as short
Bitget BOMEUSDT	+0.0100%	4h	0.001073	+0.037%	$3.4M	$1.8M	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	0.001072	−0.084%	—	$31.2M	—	as long as short
Variational Omni BOME	+0.0100%	4h	0.001067	−0.556%	$24K	$17K	—	as long as short
HTX BOME-USDT	+0.0100%	4h	0.001070	−0.224%	$6K	$167K	20x	as long as short
Extended kBOME-USD	+0.0104%	1h	0.001071	−0.146%	$7K	—	5x	as long as short
BloFin BOME-USDT	+0.0135%	4h	0.001070	−0.233%	$750K	$172K	50x	as long as short
Coinbase International BOME-PERP-INTXshort	+0.0152%	1h	0.001069	−0.308%	$71K	$547K	50x
Deribit BOME_USDC-PERPETUAL	+0.0217%	1h	0.001071	−0.149%	$34K	$10K	10x	as long as short
Kraken Futures PF_BOMEUSD	+0.0512%	1h	0.001071	−0.185%	$111K	$168K	10x	as long as short
Hyperliquid BOME	+0.0818%	1h	0.001074	+0.112%	$4.0M	$443K	3x	as long as short