Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.151%

Price spread now: SunX against Popdex−0.530%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.243%+$24 on $10k

Price spread, last 4 days (all we have)+0.481%+$48 · spread now −0.530%, 7d avg +0.054%

Together, before fees+0.724%+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.584% cheaper against Popdex than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.243%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex CXMTUSDT	8.5920	0.0048	pay 0.0006% / 1h	51m 20s	$2K	$114K	20x
Short	SunX CXMT-USDT	8.5465	0	get 0.0000% / 4h	1h 51m	$84	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee PopdexbpFee SunXbpOrdersPrice spread, now −0.530%Rate

Funding earned: −$10.08
Price spread: −0.530% → +0.054%: −$58.38
Slippage, 4 orders: −$78.56
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$161.41
Costs to cover: 0.930%
Break-even: never at this rate

Slippage from Popdex: live order book, 60 min ago; SunX: live order book, 8 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 Popdex live order book, 60 min ago	1.17 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	22.11 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit

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	−0.1755%	8h	8.5860	−0.070%	$662K	$1.1M	20x	as long as short
OKX CXMT-USDT-SWAP	−0.1705%	8h	8.5840	−0.093%	$1.1M	$5.9M	20x	as long as short
Aster CXMTUSDT	−0.1109%	8h	8.5539	−0.443%	$137K	$71K	20x	as long as short
Binance CXMTUSDT	−0.0406%	4h	8.5850	−0.082%	$4.0M	$10.3M	20x	as long as short
edgeX CXMTUSDC	−0.0025%	4h	8.5745	−0.204%	$460K	$267K	10x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5800	−0.140%	$920K	$1.6M	20x	as long as short
Gate CXMT_USDT	0.0000%	1h	8.5860	−0.070%	$5.2M	$14.3M	50x	as long as short
SunX CXMT-USDTshort	0.0000%	4h	8.5465	−0.530%	$84	$1.7M	10x
HTX CXMT-USDT	0.0000%	4h	8.6531	+0.711%	$32K	$39K	10x	as long as short
Popdex CXMTUSDTlong	+0.0048%	1h	8.5920	long leg	$2K	$114K	20x

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	8.5456	−0.540%	$8K	$45K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5800	−0.140%	$8K	$252K	50x	as long as short
Lighter CXMT	+0.0128%	1h	8.5795	−0.145%	$101K	$15K	5x	as long as short
Ondo Perps CXMT-USD.P	+0.0559%	1h	8.5715	−0.239%	$28K	$41K	10x	as long as short
SoDEX CXMT-USD	+0.0735%	1h	8.5757	−0.190%	$228K	$12K	5x	as long as short
tradeXYZ xyz:CXMT	+0.1356%	1h	8.5752	−0.196%	$55.9M	$10.0M	10x	as long as short