Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.151%

Price spread now: SunX against Popdex+0.066%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$930.931% of the position

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.243%+$24 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.066%, 7d avg +0.054%

Together, before fees+0.129%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.243%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex CXMTUSDT	8.5440	0.0048	pay 0.0006% / 1h	16m 19s	$2K	$114K	20x
Short	SunX CXMT-USDT	8.5496	0	get 0.0000% / 4h	2h 16m	$84	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Popdex. 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 PopdexbpFee SunXbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$10.08
Price spread: +0.066% → +0.054%: $1.13
Slippage, 4 orders: −$78.71
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$102.06
Costs to cover: 0.931%
Break-even: never at this rate

Slippage from Popdex: live order book, 35 min ago; SunX: live order book, 3 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 Popdex live order book, 35 min ago	1.17 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	23.33 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit

CXMT on 16 exchanges

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
Bitget CXMTUSDT	−0.2278%	8h	8.5410	−0.035%	$663K	$1.1M	20x	as long as short
OKX CXMT-USDT-SWAP	−0.2268%	8h	8.5460	+0.023%	$1.1M	$5.9M	20x	as long as short
Aster CXMTUSDT	−0.1444%	8h	8.5372	−0.080%	$136K	$71K	20x	as long as short
Binance CXMTUSDT	−0.1124%	4h	8.5439	−0.001%	$4.0M	$10.3M	20x	as long as short
Gate CXMT_USDT	−0.0760%	1h	8.5430	−0.012%	$5.2M	$14.1M	50x	as long as short
Ondo Perps CXMT-USD.P	−0.0686%	1h	8.5533	+0.109%	$28K	$41K	10x	as long as short
Bybit CXMTUSDT	−0.0221%	8h	8.5420	−0.023%	$924K	$1.6M	20x	as long as short
edgeX CXMTUSDC	−0.0058%	4h	8.5385	−0.064%	$458K	$267K	10x	as long as short
SunX CXMT-USDTshort	0.0000%	4h	8.5496	+0.066%	$84	$1.8M	10x
HTX CXMT-USDT	0.0000%	4h	8.6017	+0.675%	$32K	$39K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CXMT	+0.0005%	1h	8.5382	−0.068%	$55.6M	$10.0M	10x	as long as short
Lighter CXMT	+0.0032%	1h	8.5448	+0.009%	$100K	$16K	5x	as long as short
Popdex CXMTUSDTlong	+0.0048%	1h	8.5440	long leg	$2K	$114K	20x
Polymarket Perps CXMT-USD	+0.0050%	1h	8.5313	−0.149%	$8K	$45K	10x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5383	−0.067%	$227K	$12K	5x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5400	−0.047%	$8K	$253K	50x	as long as short