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Funding arb · Price arb /

CXMT

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.1253%/8h= +137.2% APRnext payment +$12.53 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against Bybit−0.023%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Long on BybitShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.119%+$12 on $10k
Price spread, last 7 days+0.009%+$1 · spread now −0.023%, 7d avg −0.005%
Together, before fees+0.127%+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$38 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CXMTUSDT8.6240−0.4098get 0.4098% / 8h3h 26m$1.0M$1.1M20x
ShortOKX CXMT-USDT-SWAP8.6220−0.2845pay 0.2845% / 8h3h 26m$1.4M$5.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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
$263.14
Price spread: −0.023% → −0.005%
−$1.79
Slippage, 4 orders
−$40.78
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
$199.58
Costs to cover
0.618%
Break-even
1.7 days
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 1 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 Bybit live order book, 4 min ago2.31 bp19.5 bp −$20357.7 bp −$3,577doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.74 bp9.6 bp −$1063.4 bp −$634doesn'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
Binance CXMTUSDT−0.4360%4h8.6237−0.004%$4.5M$8.9M20xas long as short
Bybit CXMTUSDTlong−0.4098%8h8.6240long leg$1.0M$1.1M20x
Ondo Perps CXMT-USD.P−0.3284%1h8.5918−0.373%$29K$33K10xas long as short
OKX CXMT-USDT-SWAPshort−0.2845%8h8.6220−0.023%$1.4M$5.2M20x
Bitget CXMTUSDT−0.2499%8h8.6290+0.058%$601K$825K20xas long as short
tradeXYZ xyz:CXMT−0.2215%1h8.6193−0.054%$56.2M$9.1M10xas long as short
Gate CXMT_USDT−0.2208%1h8.6180−0.070%$5.8M$13.3M50xas long as short
Aster CXMTUSDT−0.1978%8h8.6525+0.330%$139K$100K20xas long as short
Polymarket Perps CXMT-USD−0.1926%1h8.6224−0.019%$10K$47K10xas long as short
SoDEX CXMT-USD−0.1172%1h8.6245+0.006%$229K$9K5xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CXMT−0.0768%1h8.6266+0.030%$101K$18K5xas long as short
ApeX Omni CXMTUSDT−0.0115%1h8.6600+0.417%$8K$249K50xas long as short
Popdex CXMTUSDT−0.0056%1h8.6220−0.023%$1K$115K20xas long as short
edgeX CXMTUSDC−0.0053%4h8.6325+0.098%$437K$241K10xas long as short
SunX CXMT-USDT0.0000%4h8.6325+0.099%$85$2.4M10xas long as short
HTX CXMT-USDT0.0000%4h8.6973+0.850%$32K$37K10xas long as short