Settings8H · net · $10k
Funding arb · Price arb /

CXMT

RWAall CXMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.213%
Price spread now: Binance against ApeX Omni−0.010%79s7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1751.753% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.514%−$51 on $10k
Price spread, last 2 days (all we have)+0.261%+$26 · spread now −0.010%, 7d avg +0.046%
Together, before fees−0.252%−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.057% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CXMTUSDT8.55000.0100pay 0.0013% / 1h12m 16s$8K$250K50x
ShortBinance CXMTUSDT8.54910get 0.0000% / 4h2h 12m$3.9M$8.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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

Funding earned
−$21
Price spread: −0.010% → +0.046%
−$5.67
Slippage, 4 orders
−$155.29
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$201.96
Costs to cover
1.753%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 9 min ago; Binance: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 9 min ago40.91 bp74.4 bp −$74256.0 bp −$2,560doesn't fitdoesn't fit
Sell Binance live order book, 12 min ago0.58 bp10.9 bp −$1130.6 bp −$306doesn't fitdoesn't fit

CXMT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CXMTUSDC−0.0021%4h8.5417−0.097%$432K$242K10xas long as short
Aster CXMTUSDT0.0000%8h8.5606+0.124%$165K$69K20xas long as short
Binance CXMTUSDTshort0.0000%4h8.5491−0.010%$3.9M$8.9M20x
Bybit CXMTUSDT0.0000%8h8.5450−0.058%$967K$703K20xas long as short
OKX CXMT-USDT-SWAP0.0000%8h8.5410−0.105%$1.1M$5.5M20xas long as short
Gate CXMT_USDT0.0000%1h8.5430−0.082%$4.8M$14.0M50xas long as short
Bitget CXMTUSDT0.0000%8h8.5540+0.047%$530K$874K20xas long as short
SunX CXMT-USDT0.0000%4h8.5530+0.035%$84$2.6M10xas long as short
HTX CXMT-USDT0.0000%4h8.6160+0.772%$31K$38K10xas long as short
Lighter CXMT+0.0032%1h8.5492−0.009%$101K$29K5xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex CXMTUSDT+0.0048%1h8.5480−0.023%$5K$111K20xas long as short
Polymarket Perps CXMT-USD+0.0050%1h8.5391−0.127%$8K$47K10xas long as short
SoDEX CXMT-USD+0.0050%1h8.5400−0.117%$227K$9K5xas long as short
Ondo Perps CXMT-USD.P+0.0050%1h8.5403−0.113%$23K$50K10xas long as short
ApeX Omni CXMTUSDTlong+0.0100%1h8.5500long leg$8K$250K50x
tradeXYZ xyz:CXMT+0.0106%1h8.5401−0.116%$55.0M$8.3M10xas long as short