Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.2949%/8h= +323.0% APRpaid last 24h +0.133%

Price spread now: SunX against OKX+0.215%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$154as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1611.610% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.215%, 7d avg +0.101%

Together, before fees−0.236%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$88 a day on $10k at the current rate, and SunX is 0.114% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.101%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% 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	OKX CXMT-USDT-SWAP	8.6100	−0.2949	get 0.2949% / 8h	3h 03m	$1.4M	$5.3M	20x
Short	SunX CXMT-USDT	8.6285	0	get 0.0000% / 4h	3h 03m	$85	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.215%Rate

Funding earned: $619.39
Price spread: +0.215% → +0.101%: $11.37
Slippage, 4 orders: −$142.96
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $469.8
Costs to cover: 1.610%
Break-even: 1.7 days

Slippage from OKX: live order book, 4 min ago; SunX: live order book, 3 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 OKX live order book, 4 min ago	1.74 bp	12.9 bp −$13	83.7 bp −$837	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	57.80 bp	74.7 bp −$75	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	−0.4166%	4h	8.6080	−0.023%	$4.4M	$9.0M	20x	as long as short
Bybit CXMTUSDT	−0.3800%	8h	8.6060	−0.046%	$1.0M	$1.1M	20x	as long as short
Ondo Perps CXMT-USD.P	−0.3190%	1h	8.5707	−0.456%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAPlong	−0.2949%	8h	8.6100	long leg	$1.4M	$5.3M	20x
Bitget CXMTUSDT	−0.2550%	8h	8.6130	+0.035%	$603K	$828K	20x	as long as short
tradeXYZ xyz:CXMT	−0.2024%	1h	8.6000	−0.116%	$56.1M	$9.1M	10x	as long as short
Gate CXMT_USDT	−0.2008%	1h	8.6010	−0.105%	$5.8M	$13.7M	50x	as long as short
Aster CXMTUSDT	−0.1864%	8h	8.6305	+0.238%	$138K	$100K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1565%	1h	8.6022	−0.091%	$10K	$47K	10x	as long as short
SoDEX CXMT-USD	−0.1064%	1h	8.6020	−0.093%	$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	−0.0568%	1h	8.6051	−0.057%	$101K	$18K	5x	as long as short
Popdex CXMTUSDT	−0.0056%	1h	8.6070	−0.035%	$1K	$115K	20x	as long as short
edgeX CXMTUSDC	−0.0002%	4h	8.5920	−0.209%	$435K	$241K	10x	as long as short
SunX CXMT-USDTshort	0.0000%	4h	8.6285	+0.215%	$85	$2.4M	10x
HTX CXMT-USDT	0.0000%	4h	8.6787	+0.798%	$32K	$37K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.6300	+0.232%	$8K	$251K	50x	as long as short