Funding arb · Price arb /

CXMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.042%

Price spread now: Bitget against Polymarket Perps+0.148%7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Bitget

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—needs both histories

The price spread pays, funding is against you. Bitget is 0.148% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CXMT-USD	8.5753	0.0272	pay 0.0034% / 1h	5m 51s	$8K	$49K	10x
Short	Bitget CXMTUSDT	8.5880	0	get 0.0000% / 8h	1h 05m	$537K	$879K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$57.22
Price spread: +0.148% → 0.000%: $14.81
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.41
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: no order-book sample; Bitget: live order book, 10 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 Polymarket Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 10 min ago	3.49 bp	26.5 bp −$26	55.2 bp −$552	doesn't fit	doesn't fit

Polymarket Perps: 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
edgeX CXMTUSDC	−0.0096%	4h	8.5785	+0.037%	$434K	$240K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5873	+0.140%	$166K	$69K	20x	as long as short
Binance CXMTUSDT	0.0000%	4h	8.5850	+0.113%	$4.0M	$8.9M	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5820	+0.078%	$971K	$700K	20x	as long as short
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5800	+0.055%	$1.1M	$5.6M	20x	as long as short
Bitget CXMTUSDTshort	0.0000%	8h	8.5880	+0.148%	$537K	$879K	20x
SunX CXMT-USDT	0.0000%	4h	8.5915	+0.189%	$84	$2.6M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6344	+0.689%	$31K	$38K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5860	+0.125%	$5K	$111K	20x	as long as short
SoDEX CXMT-USD	+0.0071%	1h	8.5772	+0.022%	$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
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5900	+0.171%	$8K	$249K	50x	as long as short
Polymarket Perps CXMT-USDlong	+0.0272%	1h	8.5753	long leg	$8K	$49K	10x
Lighter CXMT	+0.0328%	1h	8.5879	+0.147%	$101K	$29K	5x	as long as short
Gate CXMT_USDT	+0.0392%	1h	8.5780	+0.031%	$4.9M	$13.8M	50x	as long as short
tradeXYZ xyz:CXMT	+0.0631%	1h	8.5753	0.000%	$55.2M	$8.3M	10x	as long as short
Ondo Perps CXMT-USD.P	+0.0649%	1h	8.5910	+0.183%	$23K	$50K	10x	as long as short