Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h +0.069%

Price spread now: HTX against Lighter+0.719%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.719% dearer against Lighter than usual: you sell high and buy low (spread +0.719% now, against zero (this spread has no 7-day history yet)): +$72 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CXMT	8.5938	0.0104	pay 0.0013% / 1h	27m 37s	$101K	$15K	5x
Short	HTX CXMT-USDT	8.6556	0	get 0.0000% / 4h	1h 27m	$32K	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Lighter. 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 LighterbpFee HTXbpOrdersPrice spread, now +0.719%Rate

Funding earned: −$21.84
Price spread: +0.719% → 0.000%: $71.91
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $38.07
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: live order book, 8 min ago; HTX: no order-book sample. Net counts fees only.

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 Lighter live order book, 8 min ago	21.53 bp	25.2 bp −$25	63.3 bp −$633	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CXMT on 16 exchanges

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
Bitget CXMTUSDT	−0.1238%	8h	8.5810	−0.149%	$659K	$1.0M	20x	as long as short
OKX CXMT-USDT-SWAP	−0.1193%	8h	8.5880	−0.067%	$1.1M	$5.9M	20x	as long as short
Aster CXMTUSDT	−0.0835%	8h	8.5724	−0.250%	$137K	$71K	20x	as long as short
edgeX CXMTUSDC	−0.0067%	4h	8.5753	−0.215%	$460K	$266K	10x	as long as short
Binance CXMTUSDT	0.0000%	4h	8.5912	−0.030%	$4.0M	$10.4M	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5840	−0.114%	$918K	$1.6M	20x	as long as short
Gate CXMT_USDT	0.0000%	1h	8.5880	−0.067%	$5.2M	$14.5M	50x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5955	+0.020%	$84	$1.6M	10x	as long as short
HTX CXMT-USDTshort	0.0000%	4h	8.6556	+0.719%	$32K	$40K	10x
Popdex CXMTUSDT	+0.0048%	1h	8.5920	−0.021%	$3K	$115K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CXMT-USD	+0.0050%	1h	8.5782	−0.182%	$8K	$45K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5900	−0.044%	$8K	$253K	50x	as long as short
Lighter CXMTlong	+0.0104%	1h	8.5938	long leg	$101K	$15K	5x
SoDEX CXMT-USD	+0.0360%	1h	8.5783	−0.180%	$228K	$12K	5x	as long as short
Ondo Perps CXMT-USD.P	+0.0838%	1h	8.5766	−0.200%	$28K	$41K	10x	as long as short
tradeXYZ xyz:CXMT	+0.1286%	1h	8.5796	−0.165%	$55.9M	$10.0M	10x	as long as short