Funding you earn now, next payment 04:00 UTC+0.0609%/8h= +66.7% APRpaid last 24h −0.019%
Price spread now: Binance against Bybit−0.035%7-day average +0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$800.803% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 2 days (all we have)+0.151%+$15 · spread now −0.035%, 7d avg +0.069%
=Funding pays, the price is against you. Binance is 0.104% cheaper against Bybit than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.069%). If the spread goes back, that is −$10 on $10k: about 14 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% 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 | Bybit CXMTUSDT | 8.5710 | −0.0543 | get 0.0543% / 8h | 7h 56m | $964K | $686K | 20x |
| Short | Binance CXMTUSDT | 8.5680 | 0.0066 | get 0.0033% / 4h | 3h 56m | $4.0M | $8.9M | 20x |
Bybit CXMTUSDT
Binance CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $127.86
- Price spread: −0.035% → +0.069%
- −$10.36
- Slippage, 4 orders
- −$59.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $37.17
- Costs to cover
- 0.803%
- Break-even
- 5.0 days
Slippage from Bybit: live order book, 13 min ago; Binance: live order book, 13 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 Bybit live order book, 13 min ago | 4.08 bp | 24.5 bp −$25 | 527.6 bp −$5,276 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.75 bp | 13.5 bp −$13 | 40.0 bp −$400 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CXMT-USD | −0.0583% | 1h | 8.5662 | −0.056% | $9K | $47K | 10x | as long as short |
| Bybit CXMTUSDTlong | −0.0543% | 8h | 8.5710 | long leg | $964K | $686K | 20x | |
| tradeXYZ xyz:CXMT | −0.0512% | 1h | 8.5690 | −0.023% | $55.2M | $8.3M | 10x | as long as short |
| SoDEX CXMT-USD | −0.0246% | 1h | 8.5595 | −0.134% | $228K | $9K | 5x | as long as short |
| edgeX CXMTUSDC | −0.0005% | 4h | 8.5861 | +0.176% | $434K | $239K | 10x | as long as short |
| Aster CXMTUSDT | 0.0000% | 8h | 8.5898 | +0.219% | $166K | $69K | 20x | as long as short |
| OKX CXMT-USDT-SWAP | 0.0000% | 8h | 8.5630 | −0.093% | $1.2M | $5.5M | 20x | as long as short |
| Gate CXMT_USDT | 0.0000% | 1h | 8.5610 | −0.117% | $4.8M | $12.3M | 50x | as long as short |
| Bitget CXMTUSDT | 0.0000% | 8h | 8.5620 | −0.105% | $561K | $891K | 20x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.5660 | −0.058% | $84 | $2.6M | 10x | as long as short |
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
SoDEX CXMT-USD
edgeX CXMTUSDC
Aster CXMTUSDT
OKX CXMT-USDT-SWAP
Gate CXMT_USDT
Bitget CXMTUSDT
SunX CXMT-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CXMT-USDT | 0.0000% | 4h | 8.6274 | +0.658% | $31K | $37K | 10x | as long as short |
| Popdex CXMTUSDT | +0.0048% | 1h | 8.5610 | −0.117% | $5K | $111K | 20x | as long as short |
| Ondo Perps CXMT-USD.P | +0.0050% | 1h | 8.5516 | −0.226% | $23K | $50K | 10x | as long as short |
| Lighter CXMT | +0.0056% | 1h | 8.5861 | +0.176% | $101K | $24K | 5x | as long as short |
| Binance CXMTUSDTshort | +0.0066% | 4h | 8.5680 | −0.035% | $4.0M | $8.9M | 20x | |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.5800 | +0.105% | $8K | $250K | 50x | as long as short |
HTX CXMT-USDT
Popdex CXMTUSDT
Ondo Perps CXMT-USD.P
Lighter CXMT
ApeX Omni CXMTUSDT