CXMT Funding Rate — live across 8 venues

Perpetual funding · compared across 8 venues · net of estimated fees · updated every few minutes

Live annualized CXMT perpetual funding across all 8 venues Perpia tracks. Right now CXMT funding is positive on 1 and negative on 7, ranging from +5.5% on Sodex to -426.6% on OKX — a spread of 432.1%. The widest delta-neutral trade is long OKX / short Sodex at 428.7% net APR.

8venues

1paying positive

432.1%funding spread

Best CXMT spread now

428.7%

net APR after fees

LongOKX↗→ShortSodex↗

size depends on live venue depth — see the real cap in the scanner

CXMT funding trend & liquidity

168h of history

432.1%current gross APR

52.6%24h average

14.2%7-day average

$223Kpair OI · lower leg

$212K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

CXMT · OKX → Sodex — no history

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Build a route

any two of the 8 venues

Long (pays you)every 8hShort (you collect)every 1h

Gross spread+432.1%+$118.37 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 8 venues

Venue	Funding APR ↓	Interval
Sodex↗short	+5.5%	every 1h
below — these venues pay the longs: this is the leg you buy
trade.xyz↗	−41.9%	every 1h
Hyperliquid↗	−42.1%	every 1h
Bybit↗	−91.1%	every 8h
Gate.io↗	−115.6%	every 1h
Aster↗	−345.9%	every 8h
Bitget↗	−400.6%	every 8h
OKX↗long	−426.6%	every 8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs Sodex page. 26 pairs scanned for CXMT.

CXMT arbitrage — 23-day backtest

long OKX · short Sodex

21.9%backtested APR

+$138historical net P&L on $10,000

0.66%max drawdown

$10,000$10,138

23 days agostarting capital $10,000today

Over the last 23 days, holding long OKX / short Sodex would have produced 21.9% APR — versus the 428.7% the live spread implies right now (equity $10,000 → $10,138). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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CXMT — FAQ

Is CXMT funding positive right now?

CXMT perpetual funding is positive on 1 of 8 venues Perpia tracks and negative on 7. The highest is +5.5% on Sodex; the lowest is -426.6% on OKX.

What is the best CXMT funding arbitrage right now?

Go long OKX and short Sodex for about 428.7% net APR after fees — the widest delta-neutral CXMT spread Perpia currently sees.

Which exchange has the highest CXMT funding rate?

Sodex, at +5.5% annualized. Funding shifts continuously, so check the live table above before trading.

How CXMT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to CXMT

also quoted on both OKX and Sodex

The same two exchanges you would already have funded for the CXMT trade. Every spread between them is on the OKX vs Sodex page.

Open the live scanner →All funding rates Funding by exchange How we calculate this