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

CXMT

RWAall CXMT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h −0.010%
Price spread now: Lighter against SunX+0.013%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1371.365% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.013%, 7d avg −0.034%
Together, before fees+0.155%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.047% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX CXMT-USDT8.58760get 0.0000% / 4h1h 28m$84$1.6M10x
ShortLighter CXMT8.58870.0112get 0.0014% / 1h28m 52s$101K$15K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$23.52
Price spread: +0.013% → −0.034%
$4.67
Slippage, 4 orders
−$128.53
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$108.34
Costs to cover
1.365%
Break-even
39.2 days
Slippage from SunX: live order book, just now; Lighter: live order book, 7 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 SunX live order book, just now22.71 bp26.7 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago21.53 bp45.0 bp −$4582.2 bp −$822doesn't fitdoesn't fit

CXMT on 16 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CXMTUSDT−0.1272%8h8.5800−0.088%$659K$1.0M20xas long as short
OKX CXMT-USDT-SWAP−0.1213%8h8.5830−0.054%$1.1M$5.9M20xas long as short
Aster CXMTUSDT−0.0847%8h8.5719−0.183%$137K$71K20xas long as short
edgeX CXMTUSDC−0.0081%4h8.5764−0.130%$460K$268K10xas long as short
Binance CXMTUSDT0.0000%4h8.5824−0.061%$4.0M$10.3M20xas long as short
Bybit CXMTUSDT0.0000%8h8.5760−0.135%$917K$1.6M20xas long as short
Gate CXMT_USDT0.0000%1h8.5780−0.112%$5.2M$14.5M50xas long as short
SunX CXMT-USDTlong0.0000%4h8.5876long leg$84$1.6M10x
HTX CXMT-USDT0.0000%4h8.6415+0.628%$32K$40K10xas long as short
Popdex CXMTUSDT+0.0048%1h8.5830−0.054%$3K$115K20xas long as short
Show all 16 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps CXMT-USD+0.0050%1h8.5739−0.160%$8K$45K10xas long as short
ApeX Omni CXMTUSDT+0.0100%1h8.5700−0.205%$8K$253K50xas long as short
Lighter CXMTshort+0.0112%1h8.5887+0.013%$101K$15K5x
SoDEX CXMT-USD+0.0388%1h8.5764−0.130%$228K$12K5xas long as short
Ondo Perps CXMT-USD.P+0.0835%1h8.5875−0.001%$28K$41K10xas long as short
tradeXYZ xyz:CXMT+0.1301%1h8.5743−0.155%$55.8M$10.0M10xas long as short