Funding arb · Price arb /

CXMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1495%/8h= −163.7% APRpaid last 24h +0.018%

Price spread now: Bitget against Polymarket Perps+0.341%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Bitget is 0.341% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.341% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CXMT-USD	8.5738	−0.2092	get 0.0262% / 1h	35m 12s	$8K	$47K	10x
Short	Bitget CXMTUSDT	8.6030	−0.3587	pay 0.3587% / 8h	35m 12s	$647K	$957K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.341%Rate

Funding earned: −$313.87
Price spread: +0.341% → 0.000%: $34.06
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$299.81
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Polymarket Perps: no order-book sample; Bitget: live order book, 1 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	1.74 bp	16.8 bp −$17	48.1 bp −$481	doesn't fit	doesn't fit

Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
OKX CXMT-USDT-SWAP	−0.3898%	8h	8.6040	+0.352%	$1.3M	$5.7M	20x	as long as short
Binance CXMTUSDT	−0.3774%	4h	8.5968	+0.268%	$4.2M	$9.6M	20x	as long as short
Bitget CXMTUSDTshort	−0.3587%	8h	8.6030	+0.341%	$647K	$957K	20x
Bybit CXMTUSDT	−0.3564%	8h	8.6010	+0.317%	$1.1M	$1.2M	20x	as long as short
Aster CXMTUSDT	−0.3007%	8h	8.5936	+0.231%	$138K	$70K	20x	as long as short
Gate CXMT_USDT	−0.2992%	1h	8.5720	−0.021%	$5.6M	$13.5M	50x	as long as short
Polymarket Perps CXMT-USDlong	−0.2092%	1h	8.5738	long leg	$8K	$47K	10x
tradeXYZ xyz:CXMT	−0.1867%	1h	8.5821	+0.097%	$56.0M	$9.8M	10x	as long as short
Ondo Perps CXMT-USD.P	−0.1502%	1h	8.5603	−0.157%	$28K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.0693%	1h	8.5940	+0.236%	$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
SunX CXMT-USDT	−0.0410%	4h	8.6020	+0.329%	$84	$2.3M	10x	as long as short
Lighter CXMT	−0.0096%	1h	8.5975	+0.276%	$101K	$18K	5x	as long as short
edgeX CXMTUSDC	−0.0025%	4h	8.5825	+0.101%	$460K	$267K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6638	+1.050%	$32K	$38K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5970	+0.271%	$2K	$115K	20x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.6100	+0.422%	$8K	$252K	50x	as long as short