Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.2273%/8h= +248.9% APRpaid last 24h +0.125%

Price spread now: tradeXYZ against OKX−0.091%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.091%, 7d avg −0.107%

Together, before fees+0.061%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.107%, so right now this pair is about funding alone: +$68 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 0.045% in total (about 2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CXMT-USDT-SWAP	8.5460	−0.2268	get 0.2268% / 8h	6h 16m	$1.1M	$5.9M	20x
Short	tradeXYZ xyz:CXMT	8.5382	0.0005	get 0.0001% / 1h	16m 20s	$55.6M	$10.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.091%Rate

Funding earned: $477.38
Price spread: −0.091% → −0.107%: $1.54
Slippage, 4 orders: −$28.72
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $422.2
Costs to cover: 0.567%
Break-even: 0.8 days

Slippage from OKX: live order book, 4 min ago; tradeXYZ: live order book, 6 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, 4 min ago	1.17 bp	16.1 bp −$16	70.7 bp −$707	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	1.23 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit

CXMT on 16 exchanges

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
Bitget CXMTUSDT	−0.2278%	8h	8.5410	−0.059%	$663K	$1.1M	20x	as long as short
OKX CXMT-USDT-SWAPlong	−0.2268%	8h	8.5460	long leg	$1.1M	$5.9M	20x
Aster CXMTUSDT	−0.1444%	8h	8.5372	−0.103%	$136K	$71K	20x	as long as short
Binance CXMTUSDT	−0.1124%	4h	8.5439	−0.025%	$4.0M	$10.3M	20x	as long as short
Gate CXMT_USDT	−0.0760%	1h	8.5430	−0.035%	$5.2M	$14.1M	50x	as long as short
Ondo Perps CXMT-USD.P	−0.0686%	1h	8.5533	+0.085%	$28K	$41K	10x	as long as short
Bybit CXMTUSDT	−0.0221%	8h	8.5420	−0.047%	$924K	$1.6M	20x	as long as short
edgeX CXMTUSDC	−0.0058%	4h	8.5385	−0.088%	$458K	$267K	10x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5496	+0.042%	$84	$1.8M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6017	+0.652%	$32K	$39K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CXMTshort	+0.0005%	1h	8.5382	−0.091%	$55.6M	$10.0M	10x
Lighter CXMT	+0.0032%	1h	8.5448	−0.014%	$100K	$16K	5x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5440	−0.023%	$2K	$114K	20x	as long as short
Polymarket Perps CXMT-USD	+0.0050%	1h	8.5313	−0.172%	$8K	$45K	10x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5383	−0.090%	$227K	$12K	5x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5400	−0.070%	$8K	$253K	50x	as long as short