Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.066%

Price spread now: Binance against OKX+0.023%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 2 days (all we have)+0.072%+$7 · spread now +0.023%, 7d avg +0.070%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.046% cheaper against OKX than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.070%). If the spread goes back, that is −$5 on $10k: about 39 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.193%, 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	OKX CXMT-USDT-SWAP	8.5870	0	get 0.0000% / 8h	37m 56s	$1.2M	$5.6M	20x
Short	Binance CXMTUSDT	8.5890	0.0096	get 0.0048% / 4h	37m 56s	$4.0M	$8.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: $20.11
Price spread: +0.023% → +0.070%: −$4.63
Slippage, 4 orders: −$32.18
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.7
Costs to cover: 0.522%
Break-even: 19.8 days

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 1 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 OKX live order book, 5 min ago	0.58 bp	10.7 bp −$11	71.5 bp −$715	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.58 bp	13.3 bp −$13	40.7 bp −$407	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
edgeX CXMTUSDC	−0.0057%	4h	8.5854	−0.018%	$434K	$240K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5902	+0.037%	$166K	$69K	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5840	−0.035%	$972K	$696K	20x	as long as short
OKX CXMT-USDT-SWAPlong	0.0000%	8h	8.5870	long leg	$1.2M	$5.6M	20x
Bitget CXMTUSDT	0.0000%	8h	8.5900	+0.035%	$544K	$879K	20x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5911	+0.048%	$84	$2.6M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6513	+0.749%	$31K	$38K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5860	−0.012%	$5K	$111K	20x	as long as short
SoDEX CXMT-USD	+0.0063%	1h	8.5796	−0.086%	$228K	$9K	5x	as long as short
Binance CXMTUSDTshort	+0.0096%	4h	8.5890	+0.023%	$4.0M	$8.9M	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CXMTUSDT	+0.0100%	1h	8.6000	+0.151%	$8K	$249K	50x	as long as short
Polymarket Perps CXMT-USD	+0.0394%	1h	8.5778	−0.107%	$8K	$46K	10x	as long as short
Gate CXMT_USDT	+0.0584%	1h	8.5830	−0.047%	$4.8M	$13.2M	50x	as long as short
Lighter CXMT	+0.0672%	1h	8.5950	+0.093%	$102K	$29K	5x	as long as short
tradeXYZ xyz:CXMT	+0.0907%	1h	8.5796	−0.086%	$55.2M	$8.3M	10x	as long as short
Ondo Perps CXMT-USD.P	+0.1419%	1h	8.5914	+0.051%	$23K	$50K	10x	as long as short