Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.068%

Price spread now: Popdex against Bitget+0.047%45s7-day average +0.001% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.660% of the position

Long on Bitget Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.047%, 7d avg +0.001%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.046% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.001%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CXMTUSDT	8.5940	0	get 0.0000% / 8h	39m 49s	$544K	$879K	20x
Short	Popdex CXMTUSDT	8.5980	0.0048	get 0.0006% / 1h	39m 49s	$5K	$111K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Bitget. 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 BitgetbpFee PopdexbpOrdersPrice spread, now +0.047%Rate

Funding earned: $10.08
Price spread: +0.047% → +0.001%: $4.58
Slippage, 4 orders: −$47.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$51.35
Costs to cover: 0.660%
Break-even: 42.7 days

Slippage from Bitget: live order book, 36 min ago; Popdex: live order book, 39 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 Bitget live order book, 36 min ago	3.49 bp	15.1 bp −$15	33.4 bp −$334	doesn't fit	doesn't fit
Sell Popdex live order book, 39 min ago	2.33 bp	9.4 bp −$9	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
edgeX CXMTUSDC	−0.0043%	4h	8.5935	−0.006%	$435K	$242K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5903	−0.044%	$166K	$69K	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5930	−0.012%	$973K	$697K	20x	as long as short
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5890	−0.058%	$1.2M	$5.6M	20x	as long as short
Bitget CXMTUSDTlong	0.0000%	8h	8.5940	long leg	$544K	$879K	20x
SunX CXMT-USDT	0.0000%	4h	8.6015	+0.087%	$84	$2.6M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6453	+0.597%	$31K	$38K	10x	as long as short
Popdex CXMTUSDTshort	+0.0048%	1h	8.5980	+0.047%	$5K	$111K	20x
Binance CXMTUSDT	+0.0094%	4h	8.5949	+0.011%	$4.0M	$8.9M	20x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.6000	+0.070%	$8K	$249K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CXMT-USD	+0.0131%	1h	8.5839	−0.118%	$228K	$9K	5x	as long as short
Polymarket Perps CXMT-USD	+0.0461%	1h	8.5833	−0.125%	$8K	$47K	10x	as long as short
Gate CXMT_USDT	+0.0648%	1h	8.5880	−0.070%	$4.8M	$13.2M	50x	as long as short
Lighter CXMT	+0.0712%	1h	8.5995	+0.064%	$102K	$29K	5x	as long as short
tradeXYZ xyz:CXMT	+0.0979%	1h	8.5838	−0.119%	$55.3M	$8.3M	10x	as long as short
Ondo Perps CXMT-USD.P	+0.1493%	1h	8.6024	+0.098%	$23K	$50K	10x	as long as short