BOME arbitrage explained
Right now BOOK OF MEME (BOME) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.000957 and the highest bid on OKX perp at $0.000958.
The widest BOME perpetual spread is between Bybit and OKX: long BOME on Bybit at $0.000957 and short on OKX at $0.000958 for +0.15% gross, or -0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BOME route is to buy spot on Binance and short the perpetual on OKX: -0.01% gross, -0.21% net, with +0.030% a day of funding on the short leg.
Spot–spot BOME arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows -0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small BOME gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: BOME funding rates · BOME spread charts · BOOK OF MEME price · arbitrage scanner for all coins.