Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1487%/8h= +162.8% APRpaid last 24h +0.092%

Price spread now: Bitget against Binance−0.004%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.004%, 7d avg −0.050%

Together, before fees+0.245%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Bitget is 0.046% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.050%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.296% in total (about 15.4% 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	Binance CXMTUSDT	8.6043	−0.4813	get 0.2407% / 4h	2h 19m	$4.3M	$9.1M	20x
Short	Bitget CXMTUSDT	8.6040	−0.3326	pay 0.3326% / 8h	2h 19m	$606K	$841K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.004%Rate

Funding earned: $312.31
Price spread: −0.004% → −0.050%: $4.63
Slippage, 4 orders: −$50.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $244.17
Costs to cover: 0.728%
Break-even: 1.5 days

Slippage from Binance: live order book, 5 min ago; Bitget: live order book, 26 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 Binance live order book, 5 min ago	1.16 bp	15.8 bp −$16	47.8 bp −$478	doesn't fit	doesn't fit
Sell Bitget live order book, 26 min ago	3.48 bp	16.7 bp −$17	36.8 bp −$368	doesn't fit	doesn't fit

CXMT on 16 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
Popdex CXMTUSDT	−0.5688%	1h	8.6000	−0.051%	$2K	$115K	20x	as long as short
Binance CXMTUSDTlong	−0.4813%	4h	8.6043	long leg	$4.3M	$9.1M	20x
Bybit CXMTUSDT	−0.4182%	8h	8.6030	−0.016%	$1.1M	$1.1M	20x	as long as short
tradeXYZ xyz:CXMT	−0.3889%	1h	8.5985	−0.068%	$56.3M	$9.4M	10x	as long as short
OKX CXMT-USDT-SWAP	−0.3772%	8h	8.6000	−0.051%	$1.4M	$5.3M	20x	as long as short
Polymarket Perps CXMT-USD	−0.3627%	1h	8.6196	+0.177%	$8K	$51K	10x	as long as short
Gate CXMT_USDT	−0.3384%	1h	8.5840	−0.236%	$5.7M	$13.9M	50x	as long as short
Ondo Perps CXMT-USD.P	−0.3358%	1h	8.6005	−0.045%	$29K	$33K	10x	as long as short
Bitget CXMTUSDTshort	−0.3326%	8h	8.6040	−0.004%	$606K	$841K	20x
SoDEX CXMT-USD	−0.3189%	1h	8.5985	−0.068%	$229K	$9K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CXMTUSDT	−0.2666%	8h	8.5953	−0.105%	$138K	$105K	20x	as long as short
ApeX Omni CXMTUSDT	−0.2581%	1h	8.6200	+0.182%	$8K	$251K	50x	as long as short
Lighter CXMT	−0.2304%	1h	8.6163	+0.139%	$101K	$18K	5x	as long as short
SunX CXMT-USDT	−0.1546%	4h	8.6050	+0.008%	$84	$2.4M	10x	as long as short
edgeX CXMTUSDC	−0.0021%	4h	8.5931	−0.131%	$435K	$242K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6731	+0.799%	$32K	$38K	10x	as long as short