Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h +0.043%

Price spread now: edgeX against Lighter−0.179%49s7-day average −0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.651% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.179%, 7d avg −0.150%

Together, before fees−0.041%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and edgeX is 0.028% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.150%). Swap the legs. The two prices were read 49 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	Lighter CXMT	8.5909	0.0032	pay 0.0004% / 1h	48m 19s	$101K	$24K	5x
Short	edgeX CXMTUSDC	8.5756	−0.0073	pay 0.0037% / 4h	3h 48m	$434K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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 LighterbpFee edgeXbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$22.1
Price spread: −0.179% → −0.150%: −$2.82
Slippage, 4 orders: −$56.09
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$90.01
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; edgeX: live order book, 25 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 Lighter live order book, 6 min ago	10.07 bp	16.2 bp −$16	46.0 bp −$460	doesn't fit	doesn't fit
Sell edgeX live order book, 25 min ago	6.88 bp	18.3 bp −$18	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
Polymarket Perps CXMT-USD	−0.0269%	1h	8.5730	−0.208%	$8K	$45K	10x	as long as short
tradeXYZ xyz:CXMT	−0.0104%	1h	8.5785	−0.144%	$55.2M	$8.3M	10x	as long as short
edgeX CXMTUSDCshort	−0.0073%	4h	8.5756	−0.179%	$434K	$240K	10x
Aster CXMTUSDT	0.0000%	8h	8.5917	+0.009%	$166K	$72K	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5900	−0.010%	$966K	$678K	20x	as long as short
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5860	−0.057%	$1.2M	$5.4M	20x	as long as short
Gate CXMT_USDT	0.0000%	1h	8.5810	−0.115%	$4.8M	$12.4M	50x	as long as short
Bitget CXMTUSDT	0.0000%	8h	8.5950	+0.048%	$564K	$886K	20x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5980	+0.083%	$84	$2.6M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6508	+0.697%	$31K	$38K	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CXMTUSDT	+0.0006%	4h	8.5932	+0.026%	$4.0M	$8.8M	20x	as long as short
Lighter CXMTlong	+0.0032%	1h	8.5909	long leg	$101K	$24K	5x
Popdex CXMTUSDT	+0.0048%	1h	8.5930	+0.024%	$5K	$111K	20x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5786	−0.143%	$228K	$9K	5x	as long as short
Ondo Perps CXMT-USD.P	+0.0050%	1h	8.5900	−0.010%	$23K	$50K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5900	−0.010%	$8K	$250K	50x	as long as short