Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2048%/8h= +224.3% APRpaid last 24h +0.085%

Price spread now: SunX against Gate+0.150%7-day average +0.101% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 4 days (all we have)−0.295%−$30 · spread now +0.150%, 7d avg +0.101%

Together, before fees−0.532%−$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$61 a day on $10k at the current rate, and SunX is 0.049% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.101%. Mind the row above: over the last 7 days funding on this pair cost −0.236%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.236% in total (about -12.3% 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	Gate CXMT_USDT	8.6000	−0.2048	get 0.0256% / 1h	7m 01s	$5.9M	$13.6M	50x
Short	SunX CXMT-USDT	8.6129	0	get 0.0000% / 4h	3h 07m	$84	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.150%Rate

Funding earned: $430.08
Price spread: +0.150% → +0.101%: $4.89
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: $411.97
Costs to cover: 0.230%
Break-even: 0.3 days

Slippage unknown: Gate: live order book, 2 min ago; SunX: live order book, 10 min ago. Net counts fees only.

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 Gate live order book, 2 min ago	1.16 bp	12.8 bp −$13	32.7 bp −$327	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	500.00 bp	doesn't fit	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
Binance CXMTUSDT	−0.4201%	4h	8.6050	+0.058%	$4.4M	$8.9M	20x	as long as short
Bybit CXMTUSDT	−0.3845%	8h	8.6070	+0.081%	$1.0M	$1.1M	20x	as long as short
Ondo Perps CXMT-USD.P	−0.3202%	1h	8.5641	−0.417%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAP	−0.2942%	8h	8.6040	+0.047%	$1.4M	$5.3M	20x	as long as short
Bitget CXMTUSDT	−0.2548%	8h	8.6070	+0.081%	$602K	$829K	20x	as long as short
tradeXYZ xyz:CXMT	−0.2059%	1h	8.5996	−0.005%	$56.1M	$9.1M	10x	as long as short
Gate CXMT_USDTlong	−0.2048%	1h	8.6000	long leg	$5.9M	$13.6M	50x
Aster CXMTUSDT	−0.1883%	8h	8.6336	+0.390%	$138K	$100K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1611%	1h	8.5996	−0.005%	$10K	$47K	10x	as long as short
SoDEX CXMT-USD	−0.1105%	1h	8.6025	+0.029%	$229K	$9K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CXMT	−0.0592%	1h	8.6016	+0.019%	$101K	$18K	5x	as long as short
Popdex CXMTUSDT	−0.0088%	1h	8.5950	−0.058%	$1K	$115K	20x	as long as short
edgeX CXMTUSDC	−0.0002%	4h	8.5920	−0.093%	$435K	$241K	10x	as long as short
SunX CXMT-USDTshort	0.0000%	4h	8.6129	+0.150%	$84	$2.4M	10x
HTX CXMT-USDT	0.0000%	4h	8.6760	+0.884%	$32K	$37K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5900	−0.116%	$8K	$251K	50x	as long as short