Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1981%/8h= +216.9% APRpaid last 24h −0.023%

Price spread now: Bitget against Popdex+0.081%7-day average −0.009% · 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−$73as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on Popdex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.081%, 7d avg −0.009%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$59 a day on $10k at the current rate, and Bitget is 0.090% dearer against Popdex than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.009%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.027% in total (about 2.7% 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	Popdex CXMTUSDT	8.6020	−0.5512	get 0.0689% / 1h	3m 06s	$2K	$116K	20x
Short	Bitget CXMTUSDT	8.6090	−0.3531	pay 0.3531% / 8h	2h 03m	$611K	$849K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Popdex. 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 PopdexbpFee BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $416.01
Price spread: +0.081% → −0.009%: $9.04
Slippage, 4 orders: −$64.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Bitget: 6 bp × 2 orders: −$12
Net: $342.63
Costs to cover: 0.824%
Break-even: 1.2 days

Slippage from Popdex: live order book, 46 min ago; Bitget: live order book, 43 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 Popdex live order book, 46 min ago	9.26 bp	22.1 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 43 min ago	3.48 bp	16.7 bp −$17	36.8 bp −$368	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
Popdex CXMTUSDTlong	−0.5512%	1h	8.6020	long leg	$2K	$116K	20x
Binance CXMTUSDT	−0.4887%	4h	8.6030	+0.012%	$4.3M	$9.1M	20x	as long as short
Bybit CXMTUSDT	−0.4232%	8h	8.6040	+0.023%	$1.1M	$1.1M	20x	as long as short
OKX CXMT-USDT-SWAP	−0.4010%	8h	8.6040	+0.023%	$1.3M	$5.3M	20x	as long as short
tradeXYZ xyz:CXMT	−0.3710%	1h	8.5980	−0.047%	$56.2M	$9.5M	10x	as long as short
Bitget CXMTUSDTshort	−0.3531%	8h	8.6090	+0.081%	$611K	$849K	20x
Polymarket Perps CXMT-USD	−0.3518%	1h	8.6074	+0.063%	$8K	$51K	10x	as long as short
Gate CXMT_USDT	−0.3304%	1h	8.5850	−0.198%	$5.6M	$14.1M	50x	as long as short
Ondo Perps CXMT-USD.P	−0.3279%	1h	8.6179	+0.185%	$29K	$33K	10x	as long as short
Aster CXMTUSDT	−0.2943%	8h	8.5962	−0.067%	$138K	$105K	20x	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	−0.2821%	1h	8.5984	−0.042%	$229K	$9K	5x	as long as short
ApeX Omni CXMTUSDT	−0.2479%	1h	8.6100	+0.093%	$8K	$251K	50x	as long as short
Lighter CXMT	−0.2144%	1h	8.6061	+0.048%	$101K	$18K	5x	as long as short
SunX CXMT-USDT	−0.1637%	4h	8.6070	+0.058%	$84	$2.4M	10x	as long as short
edgeX CXMTUSDC	−0.0016%	4h	8.6006	−0.017%	$435K	$242K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7020	+1.163%	$32K	$38K	10x	as long as short