Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0139%/8h= −15.2% APRpaid last 24h +0.152%

Price spread now: SunX against Popdex+0.034%7-day average +0.054% · 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−$103as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.245%+$25 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.034%, 7d avg +0.054%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.020% cheaper against Popdex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.245%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex CXMTUSDT	8.5820	0.0048	pay 0.0006% / 1h	6m 30s	$2K	$115K	20x
Short	SunX CXMT-USDT	8.5849	−0.0091	pay 0.0045% / 4h	6m 30s	$84	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$29.09
Price spread: +0.034% → +0.054%: −$2.01
Slippage, 4 orders: −$86.85
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$132.35
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from Popdex: live order book, 32 min ago; SunX: live order book, 10 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, 32 min ago	3.49 bp	21.4 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	22.73 bp	40.8 bp −$41	70.3 bp −$703	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
OKX CXMT-USDT-SWAP	−0.3526%	8h	8.5930	+0.128%	$1.3M	$5.7M	20x	as long as short
Bitget CXMTUSDT	−0.3390%	8h	8.5960	+0.163%	$684K	$1.1M	20x	as long as short
Bybit CXMTUSDT	−0.3174%	8h	8.5890	+0.082%	$970K	$1.4M	20x	as long as short
Binance CXMTUSDT	−0.3143%	4h	8.5845	+0.029%	$4.1M	$9.8M	20x	as long as short
Gate CXMT_USDT	−0.2968%	1h	8.5620	−0.233%	$5.6M	$13.7M	50x	as long as short
Aster CXMTUSDT	−0.2658%	8h	8.5788	−0.037%	$137K	$70K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1800%	1h	8.5569	−0.292%	$8K	$48K	10x	as long as short
tradeXYZ xyz:CXMT	−0.1576%	1h	8.5662	−0.184%	$55.9M	$9.9M	10x	as long as short
Ondo Perps CXMT-USD.P	−0.1474%	1h	8.5494	−0.380%	$28K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.0523%	1h	8.5800	−0.023%	$228K	$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-USDTshort	−0.0091%	4h	8.5849	+0.034%	$84	$2.3M	10x
edgeX CXMTUSDC	−0.0032%	4h	8.5682	−0.161%	$459K	$267K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6372	+0.643%	$32K	$38K	10x	as long as short
Lighter CXMT	+0.0008%	1h	8.5828	+0.009%	$101K	$18K	5x	as long as short
Popdex CXMTUSDTlong	+0.0048%	1h	8.5820	long leg	$2K	$115K	20x
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5800	−0.023%	$8K	$251K	50x	as long as short