Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.051%

Price spread now: Binance against Popdex+0.069%51s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$800.799% of the position

Long on Popdex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.069%, 7d avg +0.045%

Together, before fees−0.154%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.024% dearer against Popdex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex CXMTUSDT	8.6990	−0.4344	get 0.0543% / 1h	24m 44s	$1K	$116K	20x
Short	Binance CXMTUSDT	8.7050	−0.4301	pay 0.2151% / 4h	24m 44s	$4.5M	$8.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Popdex. 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 PopdexbpFee BinancebpOrdersPrice spread, now +0.069%Rate

Funding earned: $9.01
Price spread: +0.069% → +0.045%: $2.43
Slippage, 4 orders: −$63.55
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$68.5
Costs to cover: 0.799%
Break-even: 60.2 days

Slippage from Popdex: live order book, 34 min ago; Binance: live order book, 15 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 Popdex live order book, 34 min ago	7.47 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.73 bp	14.4 bp −$14	45.7 bp −$457	157.6 bp −$15.8K	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 CXMTUSDT	−0.4683%	8h	8.6850	−0.161%	$1.0M	$1.0M	20x	as long as short
Popdex CXMTUSDTlong	−0.4344%	1h	8.6990	long leg	$1K	$116K	20x
Binance CXMTUSDTshort	−0.4301%	4h	8.7050	+0.069%	$4.5M	$8.7M	20x
Polymarket Perps CXMT-USD	−0.4185%	1h	8.6882	−0.124%	$8K	$50K	10x	as long as short
tradeXYZ xyz:CXMT	−0.3980%	1h	8.6802	−0.216%	$56.5M	$8.9M	10x	as long as short
Gate CXMT_USDT	−0.3184%	1h	8.6780	−0.241%	$5.9M	$12.9M	50x	as long as short
SoDEX CXMT-USD	−0.3118%	1h	8.6820	−0.195%	$231K	$9K	5x	as long as short
Ondo Perps CXMT-USD.P	−0.2802%	1h	8.6586	−0.464%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAP	−0.2292%	8h	8.6860	−0.149%	$1.5M	$5.1M	20x	as long as short
Bitget CXMTUSDT	−0.2242%	8h	8.6890	−0.115%	$596K	$843K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CXMTUSDT	−0.1970%	8h	8.6860	−0.149%	$139K	$100K	20x	as long as short
Lighter CXMT	−0.1760%	1h	8.6937	−0.061%	$102K	$18K	5x	as long as short
ApeX Omni CXMTUSDT	−0.1734%	1h	8.6900	−0.103%	$8K	$250K	50x	as long as short
SunX CXMT-USDT	−0.1661%	4h	8.7071	+0.093%	$85	$2.4M	10x	as long as short
edgeX CXMTUSDC	−0.0019%	4h	8.6737	−0.291%	$439K	$240K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7644	+0.752%	$32K	$37K	10x	as long as short