Settings8H · net · $10k
Funding arb · Price arb /

CXMT

RWAall CXMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.130%
Price spread now: Lighter against Bitget+0.105%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$590.593% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.155%+$16 on $10k
Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.105%, 7d avg +0.005%
Together, before fees+0.089%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.100% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CXMTUSDT8.59800get 0.0000% / 8h7h 08m$605K$919K20x
ShortLighter CXMT8.60700.0032get 0.0004% / 1h8m 45s$101K$25K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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

Funding earned
$6.72
Price spread: +0.105% → +0.005%
$9.98
Slippage, 4 orders
−$47.29
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$42.59
Costs to cover
0.593%
Break-even
51.4 days
Slippage from Bitget: live order book, 62 min ago; Lighter: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 62 min ago2.91 bp16.6 bp −$1720.9 bp −$209doesn't fitdoesn't fit
Sell Lighter live order book, 46 min ago10.07 bp12.5 bp −$1263.9 bp −$639doesn't fitdoesn't fit

CXMT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CXMTUSDC−0.0099%4h8.5930−0.059%$435K$240K10xas long as short
Aster CXMTUSDT0.0000%8h8.6279+0.348%$167K$72K20xas long as short
Binance CXMTUSDT0.0000%4h8.6080+0.116%$4.0M$8.7M20xas long as short
Bybit CXMTUSDT0.0000%8h8.6030+0.058%$965K$640K20xas long as short
OKX CXMT-USDT-SWAP0.0000%8h8.6050+0.081%$1.2M$5.2M20xas long as short
Bitget CXMTUSDTlong0.0000%8h8.5980long leg$605K$919K20x
SunX CXMT-USDT0.0000%4h8.6131+0.176%$84$2.5M10xas long as short
HTX CXMT-USDT0.0000%4h8.6814+0.970%$31K$37K10xas long as short
Polymarket Perps CXMT-USD+0.0013%1h8.5863−0.136%$8K$44K10xas long as short
Lighter CXMTshort+0.0032%1h8.6070+0.105%$101K$25K5x
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex CXMTUSDT+0.0048%1h8.6070+0.105%$5K$111K20xas long as short
tradeXYZ xyz:CXMT+0.0050%1h8.5962−0.021%$55.3M$8.0M10xas long as short
SoDEX CXMT-USD+0.0050%1h8.5957−0.027%$229K$9K5xas long as short
ApeX Omni CXMTUSDT+0.0100%1h8.5900−0.093%$8K$250K50xas long as short
Ondo Perps CXMT-USD.P+0.0187%1h8.6072+0.107%$23K$50K10xas long as short
Gate CXMT_USDT+0.0272%1h8.6000+0.023%$4.8M$12.6M50xas long as short