Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.015%

Price spread now: Binance against Bybit+0.002%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$890.891% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 2 days (all we have)+0.115%+$11 · spread now +0.002%, 7d avg +0.069%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.067% cheaper against Bybit than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.069%). If the spread goes back, that is −$7 on $10k: about 18 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CXMTUSDT	8.5890	0	get 0.0000% / 8h	7h 49m	$966K	$679K	20x
Short	Binance CXMTUSDT	8.5891	0.0012	get 0.0006% / 4h	3h 49m	$4.0M	$8.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.002%Rate

Funding earned: $2.56
Price spread: +0.002% → +0.069%: −$6.7
Slippage, 4 orders: −$68.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$93.23
Costs to cover: 0.891%
Break-even: 262.1 days

Slippage from Bybit: live order book, 20 min ago; Binance: live order book, 5 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 Bybit live order book, 20 min ago	4.08 bp	24.5 bp −$25	527.6 bp −$5,276	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.75 bp	17.0 bp −$17	49.4 bp −$494	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	−0.0371%	1h	8.5702	−0.219%	$8K	$45K	10x	as long as short
tradeXYZ xyz:CXMT	−0.0166%	1h	8.5768	−0.142%	$55.2M	$8.3M	10x	as long as short
edgeX CXMTUSDC	−0.0073%	4h	8.5756	−0.157%	$434K	$240K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5897	+0.009%	$166K	$69K	20x	as long as short
Bybit CXMTUSDTlong	0.0000%	8h	8.5890	long leg	$966K	$679K	20x
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5860	−0.035%	$1.2M	$5.5M	20x	as long as short
Gate CXMT_USDT	0.0000%	1h	8.5800	−0.105%	$4.8M	$12.4M	50x	as long as short
Bitget CXMTUSDT	0.0000%	8h	8.5920	+0.035%	$563K	$888K	20x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5974	+0.098%	$84	$2.6M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6549	+0.767%	$31K	$37K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CXMTUSDTshort	+0.0012%	4h	8.5891	+0.002%	$4.0M	$8.8M	20x
Lighter CXMT	+0.0032%	1h	8.5895	+0.006%	$101K	$24K	5x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5920	+0.035%	$5K	$111K	20x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5767	−0.143%	$228K	$9K	5x	as long as short
Ondo Perps CXMT-USD.P	+0.0050%	1h	8.5837	−0.062%	$23K	$50K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5800	−0.105%	$8K	$250K	50x	as long as short