Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1379%/8h= +151.0% APRpaid last 24h +0.118%

Price spread now: SunX against tradeXYZ+0.231%7-day average +0.198% · you sell dearer than you buy

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

Long on tradeXYZ Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.231%, 7d avg +0.198%

Together, before fees+0.075%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and SunX is 0.033% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.198%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CXMT	8.5833	−0.1735	get 0.0217% / 1h	30m 43s	$56.0M	$9.9M	10x
Short	SunX CXMT-USDT	8.6031	−0.0356	pay 0.0178% / 4h	30m 43s	$84	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against tradeXYZ. 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 tradeXYZbpFee SunXbpOrdersPrice spread, now +0.231%Rate

Funding earned: $289.58
Price spread: +0.231% → +0.198%: $3.31
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: $266.89
Costs to cover: 0.260%
Break-even: 0.5 days

Slippage unknown: tradeXYZ: live order book, 9 min ago; SunX: live order book, 6 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 tradeXYZ live order book, 9 min ago	2.04 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	23.28 bp	40.1 bp −$40	69.7 bp −$697	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
OKX CXMT-USDT-SWAP	−0.3837%	8h	8.6030	+0.230%	$1.3M	$5.7M	20x	as long as short
Binance CXMTUSDT	−0.3644%	4h	8.5984	+0.176%	$4.2M	$9.6M	20x	as long as short
Bitget CXMTUSDT	−0.3540%	8h	8.6060	+0.264%	$647K	$959K	20x	as long as short
Bybit CXMTUSDT	−0.3496%	8h	8.6040	+0.241%	$1.1M	$1.2M	20x	as long as short
Aster CXMTUSDT	−0.2962%	8h	8.5939	+0.124%	$138K	$70K	20x	as long as short
Gate CXMT_USDT	−0.2896%	1h	8.5740	−0.108%	$5.6M	$13.5M	50x	as long as short
Polymarket Perps CXMT-USD	−0.1969%	1h	8.5747	−0.100%	$8K	$47K	10x	as long as short
tradeXYZ xyz:CXMTlong	−0.1735%	1h	8.5833	long leg	$56.0M	$9.9M	10x
Ondo Perps CXMT-USD.P	−0.1420%	1h	8.6010	+0.206%	$29K	$33K	10x	as long as short
SoDEX CXMT-USD	−0.0552%	1h	8.5930	+0.113%	$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	−0.0356%	4h	8.6031	+0.231%	$84	$2.3M	10x
edgeX CXMTUSDC	−0.0087%	4h	8.5880	+0.055%	$460K	$268K	10x	as long as short
Lighter CXMT	−0.0040%	1h	8.5988	+0.181%	$101K	$18K	5x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6500	+0.777%	$32K	$38K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5990	+0.183%	$2K	$115K	20x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.6100	+0.311%	$8K	$252K	50x	as long as short