Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0242%/8h= −26.4% APRpaid last 24h −0.148%

Price spread now: Popdex against edgeX+0.011%59s7-day average +0.146% · 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—prices read too far apart to compare

costs, in and out, $10k−$880.875% of the position

Long on edgeX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.142%−$14 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.011%, 7d avg +0.146%

Together, before fees+0.001%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Popdex is 0.135% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.146%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CXMTUSDC	8.6340	−0.0094	get 0.0047% / 4h	3h 44m	$437K	$242K	10x
Short	Popdex CXMTUSDT	8.6350	−0.0336	pay 0.0042% / 1h	44m 08s	$1K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against edgeX. 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 edgeXbpFee PopdexbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$50.72
Price spread: +0.011% → +0.146%: −$13.5
Slippage, 4 orders: −$72.11
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$151.73
Costs to cover: 0.875%
Break-even: never at this rate

Slippage from edgeX: live order book, 9 min ago; Popdex: live order book, 9 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 edgeX live order book, 9 min ago	11.98 bp	39.2 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 9 min ago	2.31 bp	11.3 bp −$11	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	−0.4461%	4h	8.6360	+0.023%	$4.5M	$8.8M	20x	as long as short
Bybit CXMTUSDT	−0.4364%	8h	8.6300	−0.047%	$1.0M	$1.1M	20x	as long as short
Ondo Perps CXMT-USD.P	−0.3485%	1h	8.6353	+0.015%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAP	−0.2761%	8h	8.6330	−0.012%	$1.4M	$5.2M	20x	as long as short
tradeXYZ xyz:CXMT	−0.2606%	1h	8.6275	−0.076%	$56.3M	$9.1M	10x	as long as short
Polymarket Perps CXMT-USD	−0.2525%	1h	8.6277	−0.073%	$10K	$47K	10x	as long as short
Bitget CXMTUSDT	−0.2474%	8h	8.6460	+0.139%	$603K	$822K	20x	as long as short
Gate CXMT_USDT	−0.2432%	1h	8.6260	−0.093%	$5.8M	$13.1M	50x	as long as short
Aster CXMTUSDT	−0.2054%	8h	8.6683	+0.397%	$139K	$100K	20x	as long as short
SoDEX CXMT-USD	−0.1668%	1h	8.6315	−0.029%	$230K	$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	−0.1176%	1h	8.6358	+0.020%	$102K	$18K	5x	as long as short
ApeX Omni CXMTUSDT	−0.0570%	1h	8.6400	+0.069%	$8K	$250K	50x	as long as short
Popdex CXMTUSDTshort	−0.0336%	1h	8.6350	+0.011%	$1K	$115K	20x
edgeX CXMTUSDClong	−0.0094%	4h	8.6340	long leg	$437K	$242K	10x
SunX CXMT-USDT	0.0000%	4h	8.6391	+0.059%	$85	$2.4M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7063	+0.837%	$32K	$37K	10x	as long as short