Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0641%/8h= −70.2% APRpaid last 24h −0.087%

Price spread now: Bybit against Gate+0.103%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.499%−$50 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.103%, 7d avg −0.020%

Together, before fees−0.625%−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.123% dearer against Gate than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.020%): +$12 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.499% in total) that is about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CXMT_USDT	8.7110	−0.3312	get 0.0414% / 1h	7m 20s	$5.7M	$12.3M	50x
Short	Bybit CXMTUSDT	8.7200	−0.3953	pay 0.3953% / 8h	5h 07m	$979K	$736K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$134.62
Price spread: +0.103% → −0.020%: $12.32
Slippage, 4 orders: −$48.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$197.22
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 53 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 Gate live order book, 1 min ago	2.87 bp	15.3 bp −$15	28.7 bp −$287	doesn't fit	doesn't fit
Sell Bybit live order book, 53 min ago	4.08 bp	19.3 bp −$19	450.1 bp −$4,501	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
Popdex CXMTUSDT	−0.6824%	1h	8.7260	+0.172%	$1K	$115K	20x	as long as short
Polymarket Perps CXMT-USD	−0.4771%	1h	8.7896	+0.902%	$8K	$49K	10x	as long as short
tradeXYZ xyz:CXMT	−0.4644%	1h	8.7220	+0.126%	$56.6M	$8.2M	10x	as long as short
Bybit CXMTUSDTshort	−0.3953%	8h	8.7200	+0.103%	$979K	$736K	20x
Ondo Perps CXMT-USD.P	−0.3844%	1h	8.7495	+0.442%	$29K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.3573%	1h	8.7188	+0.090%	$232K	$9K	5x	as long as short
Gate CXMT_USDTlong	−0.3312%	1h	8.7110	long leg	$5.7M	$12.3M	50x
Binance CXMTUSDT	−0.3046%	4h	8.7333	+0.256%	$4.5M	$8.5M	20x	as long as short
Lighter CXMT	−0.2832%	1h	8.7460	+0.402%	$102K	$21K	5x	as long as short
ApeX Omni CXMTUSDT	−0.1803%	1h	8.7600	+0.563%	$8K	$250K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CXMT-USDT	−0.1626%	4h	8.7803	+0.796%	$86	$2.4M	10x	as long as short
Bitget CXMTUSDT	−0.1291%	8h	8.7220	+0.126%	$601K	$828K	20x	as long as short
OKX CXMT-USDT-SWAP	−0.1273%	8h	8.7140	+0.034%	$1.4M	$5.1M	20x	as long as short
Aster CXMTUSDT	−0.1122%	8h	8.7550	+0.505%	$145K	$104K	20x	as long as short
edgeX CXMTUSDC	−0.0032%	4h	8.7202	+0.106%	$441K	$241K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7909	+0.917%	$32K	$37K	10x	as long as short