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

CXMT

RWAall CXMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.5289%/8h= +579.1% APRpaid last 24h +0.149%
Price spread now: edgeX against Popdex−0.038%59s7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1161.159% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.142%+$14 on $10k
Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.038%, 7d avg −0.151%
Together, before fees+0.049%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$159 a day on $10k at the current rate, and edgeX is 0.113% dearer against Popdex than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.151%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.142% in total (about 14.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex CXMTUSDT8.5780−0.5312get 0.0664% / 1h30m 04s$2K$115K20x
ShortedgeX CXMTUSDC8.5748−0.0023pay 0.0012% / 4h2h 30m$434K$243K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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
$1,110.67
Price spread: −0.038% → −0.151%
$11.33
Slippage, 4 orders
−$100.5
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$1,006.09
Costs to cover
1.159%
Break-even
0.7 days
Slippage from Popdex: live order book, 19 min ago; edgeX: live order book, 18 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 Popdex live order book, 19 min ago9.26 bp22.1 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 18 min ago10.94 bp22.5 bp −$23doesn't fitdoesn'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
Popdex CXMTUSDTlong−0.5312%1h8.5780long leg$2K$115K20x
Binance CXMTUSDT−0.4590%4h8.5833+0.062%$4.3M$9.1M20xas long as short
Bybit CXMTUSDT−0.4037%8h8.5830+0.058%$1.0M$1.1M20xas long as short
tradeXYZ xyz:CXMT−0.3796%1h8.5799+0.022%$56.1M$9.4M10xas long as short
OKX CXMT-USDT-SWAP−0.3527%8h8.57800.000%$1.3M$5.2M20xas long as short
Polymarket Perps CXMT-USD−0.3464%1h8.6464+0.797%$8K$52K10xas long as short
Ondo Perps CXMT-USD.P−0.3191%1h8.5423−0.416%$28K$33K10xas long as short
Gate CXMT_USDT−0.3136%1h8.5620−0.187%$5.7M$13.7M50xas long as short
SoDEX CXMT-USD−0.3121%1h8.5783+0.003%$228K$9K5xas long as short
Bitget CXMTUSDT−0.3091%8h8.5840+0.070%$602K$833K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni CXMTUSDT−0.2630%1h8.6100+0.373%$8K$251K50xas long as short
Aster CXMTUSDT−0.2404%8h8.6180+0.466%$138K$105K20xas long as short
Lighter CXMT−0.2176%1h8.6059+0.325%$101K$18K5xas long as short
SunX CXMT-USDT−0.1017%4h8.6454+0.786%$85$2.4M10xas long as short
edgeX CXMTUSDCshort−0.0023%4h8.5748−0.038%$434K$243K10x
HTX CXMT-USDT0.0000%4h8.6739+1.118%$32K$38K10xas long as short