Settings8H · net · $10k
Funding arb · Price arb /

CXMT

RWAall CXMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.3116%/8h= +341.2% APRnext payment +$3.90 per $10,000 · paid last 24h +0.156%
Price spread now: ApeX Omni against Gate+0.361%81s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1371.373% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 4 days (all we have)−0.410%−$41 · spread now +0.361%, 7d avg +0.008%
Together, before fees−0.367%−$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$93 a day on $10k at the current rate, and ApeX Omni is 0.353% dearer against Gate than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.90 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
LongGate CXMT_USDT8.5790−0.3016get 0.0377% / 1h38m 08s$5.6M$13.4M50x
ShortApeX Omni CXMTUSDT8.61000.0100get 0.0013% / 1h38m 08s$8K$252K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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
$654.36
Price spread: +0.361% → +0.008%
$35.33
Slippage, 4 orders
−$112.3
Fee Gate: 7.5 bp × 2 orders
−$15
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$552.39
Costs to cover
1.373%
Break-even
1.1 days
Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 63 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 Gate live order book, 1 min ago2.91 bp13.7 bp −$1429.1 bp −$291doesn't fitdoesn't fit
Sell ApeX Omni live order book, 63 min ago34.97 bp55.1 bp −$55232.9 bp −$2,329doesn'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
OKX CXMT-USDT-SWAP−0.3942%8h8.6120+0.385%$1.3M$5.7M20xas long as short
Binance CXMTUSDT−0.3848%4h8.6035+0.285%$4.2M$9.6M20xas long as short
Bitget CXMTUSDT−0.3619%8h8.6110+0.373%$647K$950K20xas long as short
Bybit CXMTUSDT−0.3611%8h8.6090+0.350%$1.1M$1.2M20xas long as short
Aster CXMTUSDT−0.3050%8h8.5943+0.179%$138K$70K20xas long as short
Gate CXMT_USDTlong−0.3016%1h8.5790long leg$5.6M$13.4M50x
Polymarket Perps CXMT-USD−0.2184%1h8.5799+0.010%$8K$47K10xas long as short
tradeXYZ xyz:CXMT−0.1967%1h8.5883+0.108%$56.0M$9.8M10xas long as short
Ondo Perps CXMT-USD.P−0.1549%1h8.5666−0.145%$29K$33K10xas long as short
SoDEX CXMT-USD−0.0777%1h8.5965+0.204%$229K$9K5xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX CXMT-USDT−0.0452%4h8.6099+0.360%$84$2.3M10xas long as short
Lighter CXMT−0.0152%1h8.5999+0.244%$101K$18K5xas long as short
edgeX CXMTUSDC−0.0013%4h8.5864+0.087%$460K$266K10xas long as short
HTX CXMT-USDT0.0000%4h8.6588+0.930%$32K$38K10xas long as short
Popdex CXMTUSDT+0.0048%1h8.6020+0.268%$2K$115K20xas long as short
ApeX Omni CXMTUSDTshort+0.0100%1h8.6100+0.361%$8K$252K50x