Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0848%/8h= +92.9% APRpaid last 24h −0.051%

Price spread now: Binance against Popdex+0.080%7-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−$76as in the Price arb table

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)−0.154%−$15 · spread now +0.080%, 7d avg +0.045%

Together, before fees−0.165%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Binance is 0.036% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.045%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.012% in total (about -1.2% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex CXMTUSDT	8.7050	−0.4896	get 0.0612% / 1h	36m 53s	$1K	$115K	20x
Short	Binance CXMTUSDT	8.7120	−0.4048	pay 0.2024% / 4h	36m 53s	$4.5M	$8.6M	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 +0.080%Rate

Funding earned: $178.18
Price spread: +0.080% → +0.045%: $3.58
Slippage, 4 orders: −$63.55
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Binance: 5 bp × 2 orders: −$10
Net: $101.81
Costs to cover: 0.799%
Break-even: 3.0 days

Slippage from Popdex: live order book, 22 min ago; Binance: live order book, 3 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, 22 min ago	7.47 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 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
Popdex CXMTUSDTlong	−0.4896%	1h	8.7050	long leg	$1K	$115K	20x
Bybit CXMTUSDT	−0.4560%	8h	8.6920	−0.149%	$998K	$898K	20x	as long as short
Polymarket Perps CXMT-USD	−0.4347%	1h	8.7187	+0.157%	$8K	$49K	10x	as long as short
tradeXYZ xyz:CXMT	−0.4151%	1h	8.6903	−0.169%	$56.6M	$8.8M	10x	as long as short
Binance CXMTUSDTshort	−0.4048%	4h	8.7120	+0.080%	$4.5M	$8.6M	20x
SoDEX CXMT-USD	−0.3391%	1h	8.6895	−0.178%	$231K	$9K	5x	as long as short
Gate CXMT_USDT	−0.3344%	1h	8.6840	−0.241%	$5.8M	$12.5M	50x	as long as short
Ondo Perps CXMT-USD.P	−0.2907%	1h	8.7031	−0.022%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAP	−0.2033%	8h	8.6900	−0.172%	$1.5M	$5.1M	20x	as long as short
Bitget CXMTUSDT	−0.2018%	8h	8.6930	−0.138%	$593K	$846K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CXMTUSDT	−0.1972%	1h	8.6900	−0.172%	$8K	$250K	50x	as long as short
Lighter CXMT	−0.1888%	1h	8.7237	+0.215%	$103K	$18K	5x	as long as short
Aster CXMTUSDT	−0.1776%	8h	8.7031	−0.022%	$141K	$99K	20x	as long as short
SunX CXMT-USDT	−0.1728%	4h	8.7105	+0.063%	$85	$2.4M	10x	as long as short
edgeX CXMTUSDC	−0.0026%	4h	8.6763	−0.329%	$439K	$241K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7772	+0.829%	$32K	$37K	10x	as long as short