Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0140%/8h= −15.4% APRpaid last 24h +0.030%

Price spread now: Bybit against Binance−0.060%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.060%, 7d avg −0.066%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CXMTUSDT	8.5181	−0.2694	get 0.1347% / 4h	3h 19m	$4.0M	$10.2M	20x
Short	Bybit CXMTUSDT	8.5130	−0.2834	pay 0.2834% / 8h	7h 19m	$935K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$29.48
Price spread: −0.060% → −0.066%: $0.56
Slippage, 4 orders: −$45.21
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.13
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 2 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, 5 min ago	1.76 bp	14.3 bp −$14	49.7 bp −$497	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.76 bp	21.8 bp −$22	163.3 bp −$1,633	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
OKX CXMT-USDT-SWAP	−0.3255%	8h	8.5120	−0.072%	$1.1M	$5.9M	20x	as long as short
Bitget CXMTUSDT	−0.3209%	8h	8.5150	−0.037%	$661K	$1.1M	20x	as long as short
Bybit CXMTUSDTshort	−0.2834%	8h	8.5130	−0.060%	$935K	$1.6M	20x
Binance CXMTUSDTlong	−0.2694%	4h	8.5181	long leg	$4.0M	$10.2M	20x
Ondo Perps CXMT-USD.P	−0.2368%	1h	8.5248	+0.078%	$28K	$41K	10x	as long as short
Gate CXMT_USDT	−0.2352%	1h	8.5060	−0.142%	$5.7M	$13.6M	50x	as long as short
Aster CXMTUSDT	−0.2232%	8h	8.5328	+0.172%	$136K	$71K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1893%	1h	8.5415	+0.274%	$8K	$47K	10x	as long as short
tradeXYZ xyz:CXMT	−0.1788%	1h	8.5046	−0.159%	$55.4M	$10.1M	10x	as long as short
SoDEX CXMT-USD	−0.1387%	1h	8.5115	−0.078%	$226K	$12K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CXMT	−0.0488%	1h	8.5201	+0.023%	$100K	$18K	5x	as long as short
Popdex CXMTUSDT	−0.0208%	1h	8.5180	−0.001%	$2K	$115K	20x	as long as short
edgeX CXMTUSDC	−0.0035%	4h	8.5096	−0.101%	$456K	$267K	10x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5210	+0.034%	$84	$2.1M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.5902	+0.846%	$32K	$39K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5200	+0.022%	$8K	$252K	50x	as long as short