Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.086%

Price spread now: Popdex against Binance+0.025%7-day average −0.011% · 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−$56as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on Binance Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 2 days (all we have)−0.069%−$7 · spread now +0.025%, 7d avg −0.011%

Together, before fees+0.029%+$3 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 Popdex is 0.035% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CXMTUSDT	8.5219	0	get 0.0000% / 4h	2h 15m	$4.2M	$7.8M	20x
Short	Popdex CXMTUSDT	8.5240	0.0048	get 0.0006% / 1h	15m 01s	$5K	$111K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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

Position, each leg$Hold fordaysFee BinancebpFee PopdexbpOrdersPrice spread, now +0.025%Rate

Funding earned: $10.08
Price spread: +0.025% → −0.011%: $3.55
Slippage, 4 orders: −$43.51
Fee Binance: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$46.28
Costs to cover: 0.599%
Break-even: 39.1 days

Slippage from Binance: live order book, 9 min ago; Popdex: live order book, 54 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 Binance live order book, 9 min ago	1.17 bp	19.6 bp −$20	60.8 bp −$608	doesn't fit	doesn't fit
Sell Popdex live order book, 54 min ago	2.90 bp	10.2 bp −$10	doesn't fit	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
Polymarket Perps CXMT-USD	−0.0351%	1h	8.5022	−0.231%	$8K	$42K	10x	as long as short
tradeXYZ xyz:CXMT	−0.0148%	1h	8.5114	−0.123%	$54.8M	$7.3M	10x	as long as short
edgeX CXMTUSDC	−0.0015%	4h	8.5347	+0.150%	$432K	$241K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5394	+0.205%	$165K	$72K	20x	as long as short
Binance CXMTUSDTlong	0.0000%	4h	8.5219	long leg	$4.2M	$7.8M	20x
Bybit CXMTUSDT	0.0000%	8h	8.5210	−0.011%	$956K	$592K	20x	as long as short
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5150	−0.081%	$1.2M	$4.5M	20x	as long as short
Gate CXMT_USDT	0.0000%	1h	8.5120	−0.116%	$5.0M	$10.8M	50x	as long as short
Bitget CXMTUSDT	0.0000%	8h	8.5200	−0.022%	$594K	$825K	20x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5198	−0.025%	$83	$2.5M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CXMT-USDT	0.0000%	4h	8.5813	+0.697%	$31K	$37K	10x	as long as short
Lighter CXMT	+0.0032%	1h	8.5236	+0.020%	$100K	$21K	5x	as long as short
Popdex CXMTUSDTshort	+0.0048%	1h	8.5240	+0.025%	$5K	$111K	20x
SoDEX CXMT-USD	+0.0050%	1h	8.5115	−0.122%	$226K	$9K	5x	as long as short
Ondo Perps CXMT-USD.P	+0.0050%	1h	8.5244	+0.029%	$23K	$43K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5300	+0.095%	$8K	$250K	50x	as long as short