Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0913%/8h= +100.0% APRpaid last 24h +0.189%

Price spread now: SunX against OKX+0.288%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.130%+$13 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.288%, 7d avg +0.100%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and SunX is 0.189% dearer against OKX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.100%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.130% in total (about 6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CXMT-USDT-SWAP	8.6680	−0.2390	get 0.2390% / 8h	4h 16m	$1.5M	$5.1M	20x
Short	SunX CXMT-USDT	8.6930	−0.1477	pay 0.0738% / 4h	16m 48s	$85	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.288%Rate

Funding earned: $191.69
Price spread: +0.288% → +0.100%: $18.86
Slippage, 4 orders: −$79.98
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $112.57
Costs to cover: 0.980%
Break-even: 2.9 days

Slippage from OKX: live order book, 1 min ago; SunX: live order book, 10 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, 1 min ago	2.88 bp	14.7 bp −$15	66.6 bp −$666	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	23.84 bp	41.9 bp −$42	doesn't fit	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
Bybit CXMTUSDT	−0.4607%	8h	8.6700	+0.023%	$1.0M	$1.0M	20x	as long as short
Binance CXMTUSDT	−0.4287%	4h	8.6874	+0.223%	$4.5M	$8.8M	20x	as long as short
Polymarket Perps CXMT-USD	−0.3871%	1h	8.6881	+0.232%	$8K	$50K	10x	as long as short
tradeXYZ xyz:CXMT	−0.3685%	1h	8.6700	+0.023%	$56.4M	$8.9M	10x	as long as short
Popdex CXMTUSDT	−0.3464%	1h	8.6890	+0.242%	$1K	$115K	20x	as long as short
Gate CXMT_USDT	−0.2912%	1h	8.6630	−0.058%	$5.9M	$13.0M	50x	as long as short
SoDEX CXMT-USD	−0.2602%	1h	8.6675	−0.006%	$230K	$9K	5x	as long as short
Ondo Perps CXMT-USD.P	−0.2590%	1h	8.6498	−0.210%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAPlong	−0.2390%	8h	8.6680	long leg	$1.5M	$5.1M	20x
Bitget CXMTUSDT	−0.2279%	8h	8.6730	+0.058%	$595K	$838K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CXMTUSDT	−0.1975%	8h	8.6860	+0.208%	$139K	$100K	20x	as long as short
Lighter CXMT	−0.1520%	1h	8.6860	+0.208%	$102K	$18K	5x	as long as short
SunX CXMT-USDTshort	−0.1477%	4h	8.6930	+0.288%	$85	$2.4M	10x
ApeX Omni CXMTUSDT	−0.1288%	1h	8.6900	+0.254%	$8K	$250K	50x	as long as short
edgeX CXMTUSDC	−0.0014%	4h	8.6783	+0.119%	$439K	$242K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7448	+0.886%	$32K	$37K	10x	as long as short