Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.131%

Price spread now: Gate against Binance−0.095%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.629%+$63 on $10k

Price spread, last 7 days+0.139%+$14 · spread now −0.095%, 7d avg −0.054%

Together, before fees+0.768%+$77 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.041% cheaper against Binance than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.054%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CXMTUSDT	8.5241	−0.2655	get 0.1327% / 4h	3h 16m	$4.0M	$10.2M	20x
Short	Gate CXMT_USDT	8.5160	−0.2256	pay 0.0282% / 1h	16m 08s	$5.7M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.095%Rate

Funding earned: $83.69
Price spread: −0.095% → −0.054%: −$4.1
Slippage, 4 orders: −$35.75
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $18.83
Costs to cover: 0.608%
Break-even: 5.4 days

Slippage from Binance: live order book, 9 min ago; Gate: live order book, 2 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, 9 min ago	1.76 bp	14.3 bp −$14	49.7 bp −$497	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.18 bp	12.3 bp −$12	29.5 bp −$295	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
OKX CXMT-USDT-SWAP	−0.3239%	8h	8.5230	−0.013%	$1.1M	$5.9M	20x	as long as short
Bitget CXMTUSDT	−0.3188%	8h	8.5130	−0.131%	$661K	$1.1M	20x	as long as short
Bybit CXMTUSDT	−0.2662%	8h	8.5160	−0.095%	$930K	$1.6M	20x	as long as short
Binance CXMTUSDTlong	−0.2655%	4h	8.5241	long leg	$4.0M	$10.2M	20x
Ondo Perps CXMT-USD.P	−0.2370%	1h	8.5248	+0.008%	$28K	$41K	10x	as long as short
Gate CXMT_USDTshort	−0.2256%	1h	8.5160	−0.095%	$5.7M	$13.6M	50x
Aster CXMTUSDT	−0.2206%	8h	8.5326	+0.099%	$136K	$71K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1902%	1h	8.5384	+0.167%	$8K	$47K	10x	as long as short
tradeXYZ xyz:CXMT	−0.1781%	1h	8.5106	−0.159%	$55.5M	$10.1M	10x	as long as short
SoDEX CXMT-USD	−0.1326%	1h	8.5210	−0.037%	$227K	$12K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CXMT	−0.0480%	1h	8.5220	−0.025%	$100K	$18K	5x	as long as short
Popdex CXMTUSDT	−0.0160%	1h	8.5220	−0.025%	$2K	$115K	20x	as long as short
edgeX CXMTUSDC	−0.0006%	4h	8.5056	−0.218%	$456K	$267K	10x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5366	+0.146%	$84	$2.1M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.5954	+0.836%	$32K	$39K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5200	−0.048%	$8K	$252K	50x	as long as short