Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0337%/8h= −36.9% APRpaid last 24h +0.050%

Price spread now: Polymarket Perps against Bybit+0.070%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Polymarket Perps

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. Polymarket Perps is 0.070% dearer against Bybit than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CXMTUSDT	8.5110	0	get 0.0000% / 8h	6h 15m	$953K	$590K	20x
Short	Polymarket Perps CXMT-USD	8.5170	−0.0337	pay 0.0042% / 1h	15m 54s	$8K	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$70.8
Price spread: +0.070% → 0.000%: $7.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$82.75
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 49 min ago; Polymarket Perps: no order-book sample. 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 Bybit live order book, 49 min ago	2.91 bp	11.5 bp −$12	260.6 bp −$2,606	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

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
Polymarket Perps CXMT-USDshort	−0.0337%	1h	8.5170	+0.070%	$8K	$42K	10x
tradeXYZ xyz:CXMT	−0.0127%	1h	8.5124	+0.016%	$54.8M	$7.2M	10x	as long as short
edgeX CXMTUSDC	−0.0015%	4h	8.5347	+0.278%	$432K	$241K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5419	+0.363%	$165K	$72K	20x	as long as short
Binance CXMTUSDT	0.0000%	4h	8.5192	+0.096%	$4.2M	$7.8M	20x	as long as short
Bybit CXMTUSDTlong	0.0000%	8h	8.5110	long leg	$953K	$590K	20x
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5110	0.000%	$1.2M	$4.5M	20x	as long as short
Gate CXMT_USDT	0.0000%	1h	8.5080	−0.035%	$5.0M	$10.8M	50x	as long as short
Bitget CXMTUSDT	0.0000%	8h	8.5120	+0.012%	$593K	$827K	20x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.3337	−2.083%	$82	$2.5M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CXMT-USDT	0.0000%	4h	8.5813	+0.826%	$31K	$37K	10x	as long as short
Lighter CXMT	+0.0032%	1h	8.5333	+0.262%	$100K	$21K	5x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5360	+0.294%	$5K	$111K	20x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5260	+0.176%	$227K	$9K	5x	as long as short
Ondo Perps CXMT-USD.P	+0.0050%	1h	8.5244	+0.157%	$23K	$43K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5300	+0.223%	$8K	$250K	50x	as long as short