Funding arb · Price arb /

CXMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h −0.210%

Price spread now: Popdex against HTX−0.763%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Popdex is 0.763% cheaper against HTX than usual: you would sell low and buy high (spread −0.763% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$76 on $10k: about 53 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CXMT-USDT	8.6500	0	get 0.0000% / 4h	10m 37s	$32K	$38K	10x
Short	Popdex CXMTUSDT	8.5840	0.0048	get 0.0006% / 1h	10m 37s	$2K	$115K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against HTX. 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 HTXbpFee PopdexbpOrdersPrice spread, now −0.763%Rate

Funding earned: $10.08
Price spread: −0.763% → 0.000%: −$76.3
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$84.62
Costs to cover: 0.184%
Break-even: 65.8 days

Slippage unknown: HTX: no order-book sample; Popdex: live order book, 28 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 HTX no order-book sample	—	—	—	—	—
Sell Popdex live order book, 28 min ago	3.49 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit

HTX: 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	−0.3574%	8h	8.5970	−0.613%	$1.3M	$5.7M	20x	as long as short
Bitget CXMTUSDT	−0.3437%	8h	8.5970	−0.613%	$674K	$1.0M	20x	as long as short
Binance CXMTUSDT	−0.3239%	4h	8.5850	−0.751%	$4.1M	$9.8M	20x	as long as short
Bybit CXMTUSDT	−0.3235%	8h	8.5900	−0.694%	$960K	$1.4M	20x	as long as short
Gate CXMT_USDT	−0.3000%	1h	8.5620	−1.017%	$5.6M	$13.6M	50x	as long as short
Aster CXMTUSDT	−0.2701%	8h	8.5755	−0.861%	$137K	$70K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1851%	1h	8.5623	−1.014%	$8K	$48K	10x	as long as short
tradeXYZ xyz:CXMT	−0.1630%	1h	8.5687	−0.940%	$55.9M	$9.9M	10x	as long as short
Ondo Perps CXMT-USD.P	−0.1506%	1h	8.5448	−1.216%	$28K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.0596%	1h	8.5795	−0.815%	$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-USDT	−0.0129%	4h	8.5891	−0.704%	$84	$2.3M	10x	as long as short
edgeX CXMTUSDC	−0.0047%	4h	8.5636	−0.999%	$459K	$268K	10x	as long as short
Lighter CXMT	−0.0008%	1h	8.5808	−0.800%	$101K	$18K	5x	as long as short
HTX CXMT-USDTlong	0.0000%	4h	8.6500	long leg	$32K	$38K	10x
Popdex CXMTUSDTshort	+0.0048%	1h	8.5840	−0.763%	$2K	$115K	20x
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5900	−0.694%	$8K	$251K	50x	as long as short