Funding you earn now, next payment 08:00 UTC+0.0731%/8h= +80.0% APRpaid last 24h +0.088%
Price spread now: OKX against Binance−0.027%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days+0.333%+$33 on $10k
+Price spread, last 7 days+0.004%$0 · spread now −0.027%, 7d avg −0.073%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and OKX 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 −0.073%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.333% in total (about 17.4% 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 | 8.5833 | −0.4804 | get 0.2402% / 4h | 1h 54m | $4.2M | $9.1M | 20x |
| Short | OKX CXMT-USDT-SWAP | 8.5810 | −0.4074 | pay 0.4074% / 8h | 1h 54m | $1.3M | $5.3M | 20x |
Binance CXMTUSDT
OKX CXMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $153.44
- Price spread: −0.027% → −0.073%
- $4.58
- Slippage, 4 orders
- −$33.04
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $104.99
- Costs to cover
- 0.530%
- Break-even
- 2.2 days
Slippage from Binance: live order book, 15 min ago; OKX: live order book, 3 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, 15 min ago | 1.74 bp | 15.5 bp −$15 | 47.2 bp −$472 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.75 bp | 11.7 bp −$12 | 95.1 bp −$951 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CXMTUSDTlong | −0.4804% | 4h | 8.5833 | long leg | $4.2M | $9.1M | 20x | |
| Bybit CXMTUSDT | −0.4198% | 8h | 8.5890 | +0.066% | $1.1M | $1.1M | 20x | as long as short |
| OKX CXMT-USDT-SWAPshort | −0.4074% | 8h | 8.5810 | −0.027% | $1.3M | $5.3M | 20x | |
| Bitget CXMTUSDT | −0.3582% | 8h | 8.5950 | +0.136% | $610K | $837K | 20x | as long as short |
| Popdex CXMTUSDT | −0.3096% | 1h | 8.5870 | +0.043% | $2K | $116K | 20x | as long as short |
| Aster CXMTUSDT | −0.3019% | 8h | 8.5879 | +0.054% | $138K | $105K | 20x | as long as short |
| Gate CXMT_USDT | −0.2728% | 1h | 8.5720 | −0.132% | $5.7M | $13.2M | 50x | as long as short |
| Polymarket Perps CXMT-USD | −0.2602% | 1h | 8.5903 | +0.081% | $8K | $52K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.2534% | 1h | 8.5820 | −0.015% | $56.0M | $9.5M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.2173% | 1h | 8.5554 | −0.325% | $29K | $33K | 10x | as long as short |
Bybit CXMTUSDT
Bitget CXMTUSDT
Popdex CXMTUSDT
Aster CXMTUSDT
Gate CXMT_USDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Ondo Perps CXMT-USD.PShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CXMT-USD | −0.1724% | 1h | 8.5855 | +0.025% | $228K | $9K | 5x | as long as short |
| SunX CXMT-USDT | −0.1507% | 4h | 8.5920 | +0.101% | $84 | $2.4M | 10x | as long as short |
| Lighter CXMT | −0.1048% | 1h | 8.5873 | +0.046% | $101K | $18K | 5x | as long as short |
| ApeX Omni CXMTUSDT | −0.0296% | 1h | 8.6000 | +0.194% | $8K | $251K | 50x | as long as short |
| edgeX CXMTUSDC | −0.0012% | 4h | 8.5936 | +0.119% | $435K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6424 | +0.688% | $32K | $38K | 10x | as long as short |
SoDEX CXMT-USD
SunX CXMT-USDT
Lighter CXMT
ApeX Omni CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT