CXMT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1728%/8h= −189.3% APRnext payment −$17.28 per $10,000 · paid last 24h +0.001%

Price spread now: Bybit against OKX+0.023%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$700.702% of the position

Long on OKX Short on Bybit

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−0.015%−$1 · spread now +0.023%, 7d avg +0.004%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$52 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 −$17.28 per $10,000. 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	OKX CXMT-USDT-SWAP	8.6400	−0.2694	get 0.2694% / 8h	3h 50m	$1.4M	$5.2M	20x
Short	Bybit CXMTUSDT	8.6420	−0.4423	pay 0.4423% / 8h	3h 50m	$1.0M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$362.98
Price spread: +0.023% → +0.004%: $1.9
Slippage, 4 orders: −$49.2
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$431.28
Costs to cover: 0.702%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 5 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 OKX live order book, 2 min ago	1.74 bp	16.8 bp −$17	95.9 bp −$959	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.89 bp	14.7 bp −$15	134.0 bp −$1,340	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
Bybit CXMTUSDTshort	−0.4423%	8h	8.6420	+0.023%	$1.0M	$1.1M	20x
Binance CXMTUSDT	−0.4416%	4h	8.6484	+0.098%	$4.5M	$8.8M	20x	as long as short
Ondo Perps CXMT-USD.P	−0.3490%	1h	8.6033	−0.425%	$29K	$33K	10x	as long as short
tradeXYZ xyz:CXMT	−0.2776%	1h	8.6392	−0.009%	$56.4M	$9.1M	10x	as long as short
Polymarket Perps CXMT-USD	−0.2766%	1h	8.6392	−0.009%	$10K	$47K	10x	as long as short
OKX CXMT-USDT-SWAPlong	−0.2694%	8h	8.6400	long leg	$1.4M	$5.2M	20x
Gate CXMT_USDT	−0.2504%	1h	8.6380	−0.023%	$5.8M	$13.1M	50x	as long as short
Bitget CXMTUSDT	−0.2439%	8h	8.6510	+0.127%	$602K	$822K	20x	as long as short
Aster CXMTUSDT	−0.2052%	8h	8.6741	+0.395%	$139K	$100K	20x	as long as short
SoDEX CXMT-USD	−0.1739%	1h	8.6435	+0.041%	$230K	$9K	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	−0.1360%	1h	8.6456	+0.065%	$102K	$18K	5x	as long as short
ApeX Omni CXMTUSDT	−0.1117%	1h	8.6500	+0.116%	$8K	$249K	50x	as long as short
Popdex CXMTUSDT	−0.0568%	1h	8.6490	+0.104%	$1K	$115K	20x	as long as short
edgeX CXMTUSDC	−0.0080%	4h	8.6373	−0.032%	$437K	$241K	10x	as long as short
SunX CXMT-USDT	−0.0044%	4h	8.6551	+0.175%	$85	$2.4M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7216	+0.944%	$32K	$37K	10x	as long as short