Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0145%/8h= −15.8% APRpaid last 24h +0.007%

Price spread now: SunX against Lighter+0.079%7-day average +0.033% · you sell dearer than you buy

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

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.079%, 7d avg +0.033%

Together, before fees−0.134%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.046% dearer against Lighter than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.033%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.013% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CXMT	8.5928	−0.0480	get 0.0060% / 1h	48m 29s	$101K	$18K	5x
Short	SunX CXMT-USDT	8.5996	−0.0625	pay 0.0312% / 4h	48m 29s	$84	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$30.39
Price spread: +0.079% → +0.033%: $4.6
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$33.79
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 27 min ago; SunX: live order book, 8 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 Lighter live order book, 27 min ago	14.14 bp	24.4 bp −$24	69.5 bp −$695	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	264.49 bp	doesn't fit	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	−0.4124%	4h	8.5940	+0.014%	$4.2M	$9.6M	20x	as long as short
OKX CXMT-USDT-SWAP	−0.4087%	8h	8.6020	+0.107%	$1.3M	$5.7M	20x	as long as short
Bybit CXMTUSDT	−0.3774%	8h	8.5970	+0.049%	$1.1M	$1.2M	20x	as long as short
Bitget CXMTUSDT	−0.3718%	8h	8.6040	+0.130%	$638K	$918K	20x	as long as short
Gate CXMT_USDT	−0.3456%	1h	8.5730	−0.230%	$5.7M	$13.3M	50x	as long as short
Aster CXMTUSDT	−0.3162%	8h	8.6000	+0.084%	$138K	$70K	20x	as long as short
Polymarket Perps CXMT-USD	−0.2696%	1h	8.5798	−0.151%	$8K	$48K	10x	as long as short
tradeXYZ xyz:CXMT	−0.2491%	1h	8.5798	−0.151%	$56.0M	$9.8M	10x	as long as short
Ondo Perps CXMT-USD.P	−0.1962%	1h	8.5868	−0.070%	$29K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.1584%	1h	8.5879	−0.057%	$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-USDTshort	−0.0625%	4h	8.5996	+0.079%	$84	$2.3M	10x
Lighter CXMTlong	−0.0480%	1h	8.5928	long leg	$101K	$18K	5x
edgeX CXMTUSDC	−0.0082%	4h	8.5784	−0.168%	$460K	$267K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6597	+0.779%	$32K	$38K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5960	+0.037%	$2K	$115K	20x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.6200	+0.317%	$8K	$252K	50x	as long as short