Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.2516%/8h= −275.5% APRpaid last 24h −0.150%

Price spread now: tradeXYZ against HTX−0.565%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 tradeXYZ

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$75 a day on $10k at the current rate, and tradeXYZ is 0.565% cheaper against HTX than usual: you would sell low and buy high (−$57 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CXMT-USDT	8.6684	0	get 0.0000% / 4h	3h 38m	$32K	$37K	10x
Short	tradeXYZ xyz:CXMT	8.6194	−0.2516	pay 0.0314% / 1h	38m 01s	$56.2M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.565%Rate

Funding earned: −$528.35
Price spread: −0.565% → 0.000%: −$56.53
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$614.87
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago	1.33 bp	12.2 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
Binance CXMTUSDT	−0.4472%	4h	8.6293	−0.452%	$4.5M	$8.8M	20x	as long as short
Bybit CXMTUSDT	−0.4304%	8h	8.6280	−0.466%	$1.0M	$1.1M	20x	as long as short
Ondo Perps CXMT-USD.P	−0.3455%	1h	8.6384	−0.346%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAP	−0.2810%	8h	8.6250	−0.501%	$1.4M	$5.2M	20x	as long as short
tradeXYZ xyz:CXMTshort	−0.2516%	1h	8.6194	−0.565%	$56.2M	$9.1M	10x
Bitget CXMTUSDT	−0.2502%	8h	8.6290	−0.455%	$602K	$823K	20x	as long as short
Gate CXMT_USDT	−0.2480%	1h	8.6180	−0.581%	$5.8M	$13.2M	50x	as long as short
Polymarket Perps CXMT-USD	−0.2365%	1h	8.6236	−0.517%	$10K	$47K	10x	as long as short
Aster CXMTUSDT	−0.2044%	8h	8.6645	−0.045%	$139K	$100K	20x	as long as short
SoDEX CXMT-USD	−0.1597%	1h	8.6245	−0.506%	$229K	$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	−0.1040%	1h	8.6304	−0.438%	$101K	$18K	5x	as long as short
ApeX Omni CXMTUSDT	−0.0448%	1h	8.6700	+0.018%	$8K	$249K	50x	as long as short
Popdex CXMTUSDT	−0.0224%	1h	8.6300	−0.443%	$1K	$115K	20x	as long as short
edgeX CXMTUSDC	−0.0080%	4h	8.6251	−0.499%	$436K	$241K	10x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.6370	−0.362%	$85	$2.4M	10x	as long as short
HTX CXMT-USDTlong	0.0000%	4h	8.6684	long leg	$32K	$37K	10x