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

CXMT

RWAall CXMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.4551%/8h= +498.3% APRpaid last 24h +0.241%
Price spread now: ApeX Omni against Binance−0.014%99s7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1341.342% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.586%+$59 on $10k
Price spread, last 4 days (all we have)−0.349%−$35 · spread now −0.014%, 7d avg −0.092%
Together, before fees+0.237%+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$137 a day on $10k at the current rate, and ApeX Omni is 0.079% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.092%. The two prices were read 99 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 0.586% in total (about 30.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CXMTUSDT8.5812−0.4562get 0.2281% / 4h1h 39m$4.2M$9.3M20x
ShortApeX Omni CXMTUSDT8.5800−0.0012pay 0.0001% / 1h39m 50s$8K$251K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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
$955.66
Price spread: −0.014% → −0.092%
$7.88
Slippage, 4 orders
−$114.19
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$829.35
Costs to cover
1.342%
Break-even
0.9 days
Slippage from Binance: live order book, 15 min ago; ApeX Omni: live order book, 2 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 Binance live order book, 15 min ago1.16 bp14.1 bp −$1452.5 bp −$525doesn't fitdoesn't fit
Sell ApeX Omni live order book, 2 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
Binance CXMTUSDTlong−0.4562%4h8.5812long leg$4.2M$9.3M20x
OKX CXMT-USDT-SWAP−0.4082%8h8.5830+0.021%$1.3M$5.5M20xas long as short
Bybit CXMTUSDT−0.4065%8h8.5850+0.045%$1.1M$1.1M20xas long as short
Bitget CXMTUSDT−0.3603%8h8.5840+0.033%$620K$851K20xas long as short
Aster CXMTUSDT−0.3070%8h8.6090+0.324%$138K$87K20xas long as short
Gate CXMT_USDT−0.2648%1h8.5620−0.223%$5.7M$13.4M50xas long as short
Polymarket Perps CXMT-USD−0.2465%1h8.5806−0.007%$8K$50K10xas long as short
Popdex CXMTUSDT−0.2416%1h8.5820+0.010%$2K$116K20xas long as short
tradeXYZ xyz:CXMT−0.2317%1h8.5751−0.071%$55.9M$9.9M10xas long as short
Ondo Perps CXMT-USD.P−0.1779%1h8.5766−0.053%$29K$33K10xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX CXMT-USD−0.1399%1h8.5744−0.079%$228K$9K5xas long as short
SunX CXMT-USDT−0.1157%4h8.5850+0.045%$84$2.4M10xas long as short
Lighter CXMT−0.0584%1h8.5841+0.034%$101K$18K5xas long as short
edgeX CXMTUSDC−0.0028%4h8.5743−0.080%$434K$243K10xas long as short
ApeX Omni CXMTUSDTshort−0.0012%1h8.5800−0.014%$8K$251K50x
HTX CXMT-USDT0.0000%4h8.6600+0.919%$32K$39K10xas long as short