Funding arb · Price arb /

CXMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.049%

Price spread now: Lighter against edgeX+0.106%79s7-day average +0.169% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1091.093% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.106%, 7d avg +0.169%

Together, before fees−0.001%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.062% cheaper against edgeX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.169%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CXMTUSDC	8.5639	−0.0051	get 0.0026% / 4h	19m 58s	$459K	$267K	10x
Short	Lighter CXMT	8.5730	−0.0056	pay 0.0007% / 1h	19m 58s	$101K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$1.03
Price spread: +0.106% → +0.169%: −$6.21
Slippage, 4 orders: −$100.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$116.55
Costs to cover: 1.093%
Break-even: never at this rate

Slippage from edgeX: live order book, 19 min ago; Lighter: live order book, 55 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 edgeX live order book, 19 min ago	10.88 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 55 min ago	14.14 bp	38.0 bp −$38	80.2 bp −$802	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	−0.3719%	8h	8.5830	+0.223%	$1.3M	$5.7M	20x	as long as short
Bitget CXMTUSDT	−0.3525%	8h	8.5830	+0.223%	$672K	$1.0M	20x	as long as short
Binance CXMTUSDT	−0.3453%	4h	8.5770	+0.153%	$4.1M	$9.8M	20x	as long as short
Bybit CXMTUSDT	−0.3372%	8h	8.5810	+0.200%	$956K	$1.4M	20x	as long as short
Gate CXMT_USDT	−0.3016%	1h	8.5540	−0.115%	$5.6M	$13.6M	50x	as long as short
Aster CXMTUSDT	−0.2832%	8h	8.5720	+0.095%	$137K	$70K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1942%	1h	8.5616	−0.027%	$8K	$47K	10x	as long as short
tradeXYZ xyz:CXMT	−0.1717%	1h	8.5617	−0.026%	$55.8M	$9.9M	10x	as long as short
Ondo Perps CXMT-USD.P	−0.1507%	1h	8.5720	+0.095%	$28K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.0681%	1h	8.5695	+0.066%	$228K	$9K	5x	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	−0.0224%	4h	8.5801	+0.189%	$84	$2.3M	10x	as long as short
Lighter CXMTshort	−0.0056%	1h	8.5730	+0.106%	$101K	$18K	5x
edgeX CXMTUSDClong	−0.0051%	4h	8.5639	long leg	$459K	$267K	10x
HTX CXMT-USDT	0.0000%	4h	8.6247	+0.710%	$32K	$38K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5720	+0.095%	$2K	$115K	20x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5700	+0.071%	$8K	$252K	50x	as long as short