Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0793%/8h= −86.9% APRpaid last 24h −0.186%

Price spread now: Bitget against SunX−0.065%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.065%, 7d avg −0.060%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.060%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.167% in total (about -8.7% 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	SunX CXMT-USDT	8.6496	−0.1585	get 0.0792% / 4h	3h 58m	$85	$2.4M	10x
Short	Bitget CXMTUSDT	8.6440	−0.2378	pay 0.2378% / 8h	3h 58m	$600K	$824K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$166.59
Price spread: −0.065% → −0.060%: −$0.52
Slippage, 4 orders: −$80.1
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$267.2
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Bitget: live order book, 58 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 SunX live order book, 8 min ago	23.31 bp	27.3 bp −$27	56.3 bp −$563	doesn't fit	doesn't fit
Sell Bitget live order book, 58 min ago	2.88 bp	10.0 bp −$10	26.9 bp −$269	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	−0.4454%	8h	8.6390	−0.123%	$1.0M	$1.1M	20x	as long as short
Binance CXMTUSDT	−0.4303%	4h	8.6450	−0.053%	$4.5M	$8.8M	20x	as long as short
tradeXYZ xyz:CXMT	−0.3463%	1h	8.6372	−0.143%	$56.4M	$9.2M	10x	as long as short
Polymarket Perps CXMT-USD	−0.3392%	1h	8.6530	+0.039%	$9K	$48K	10x	as long as short
Gate CXMT_USDT	−0.3008%	1h	8.6290	−0.238%	$5.8M	$12.9M	50x	as long as short
Ondo Perps CXMT-USD.P	−0.2911%	1h	8.6651	+0.179%	$29K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.2861%	1h	8.6320	−0.203%	$230K	$9K	5x	as long as short
OKX CXMT-USDT-SWAP	−0.2609%	8h	8.6300	−0.227%	$1.4M	$5.2M	20x	as long as short
Bitget CXMTUSDTshort	−0.2378%	8h	8.6440	−0.065%	$600K	$824K	20x
Aster CXMTUSDT	−0.2029%	8h	8.6824	+0.380%	$139K	$100K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex CXMTUSDT	−0.1952%	1h	8.6350	−0.169%	$1K	$115K	20x	as long as short
SunX CXMT-USDTlong	−0.1585%	4h	8.6496	long leg	$85	$2.4M	10x
Lighter CXMT	−0.1328%	1h	8.6533	+0.043%	$102K	$18K	5x	as long as short
ApeX Omni CXMTUSDT	−0.0777%	1h	8.6800	+0.351%	$8K	$249K	50x	as long as short
edgeX CXMTUSDC	−0.0039%	4h	8.6511	+0.017%	$438K	$242K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7034	+0.622%	$32K	$37K	10x	as long as short