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

CXMT

RWAall CXMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.191%
Price spread now: Bitget against ApeX Omni−0.023%93s7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1781.776% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.359%−$36 on $10k
Price spread, last 3 days (all we have)+0.233%+$23 · spread now −0.023%, 7d avg +0.058%
Together, before fees−0.125%−$13 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 Bitget is 0.082% cheaper against ApeX Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.058%). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CXMTUSDT8.60000.0100pay 0.0013% / 1h48m 06s$8K$249K50x
ShortBitget CXMTUSDT8.59800get 0.0000% / 8h48m 06s$544K$880K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.023% → +0.058%
−$8.15
Slippage, 4 orders
−$155.63
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$206.78
Costs to cover
1.776%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 28 min ago; Bitget: live order book, 28 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, 28 min ago40.77 bp70.5 bp −$70247.4 bp −$2,474doesn't fitdoesn't fit
Sell Bitget live order book, 28 min ago3.49 bp26.5 bp −$2655.2 bp −$552doesn'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−0.0071%4h8.5929−0.083%$435K$241K10xas long as short
Aster CXMTUSDT0.0000%8h8.5873−0.147%$166K$69K20xas long as short
Bybit CXMTUSDT0.0000%8h8.5960−0.047%$973K$697K20xas long as short
OKX CXMT-USDT-SWAP0.0000%8h8.6040+0.047%$1.2M$5.6M20xas long as short
Bitget CXMTUSDTshort0.0000%8h8.5980−0.023%$544K$880K20x
SunX CXMT-USDT0.0000%4h8.6136+0.158%$84$2.6M10xas long as short
HTX CXMT-USDT0.0000%4h8.6672+0.781%$31K$38K10xas long as short
Binance CXMTUSDT+0.0001%4h8.6068+0.079%$4.0M$8.9M20xas long as short
Popdex CXMTUSDT+0.0048%1h8.6050+0.058%$5K$111K20xas long as short
ApeX Omni CXMTUSDTlong+0.0100%1h8.6000long leg$8K$249K50x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX CXMT-USD+0.0361%1h8.5943−0.066%$229K$9K5xas long as short
Polymarket Perps CXMT-USD+0.0658%1h8.5901−0.115%$8K$47K10xas long as short
Gate CXMT_USDT+0.0760%1h8.5960−0.047%$4.8M$13.1M50xas long as short
Lighter CXMT+0.0864%1h8.6069+0.080%$102K$29K5xas long as short
tradeXYZ xyz:CXMT+0.1125%1h8.5924−0.088%$55.3M$8.2M10xas long as short
Ondo Perps CXMT-USD.P+0.1603%1h8.5977−0.027%$23K$50K10xas long as short