CXMT Price Today: Live Perpetual Price

CXMT/USDT is a perpetual contract traded in the cryptocurrency derivatives market, and this page displays the CXMT USDT price today, CXMT funding rate, and open interest data updated in real time. The

CXMTUSDT live price on Bybit and the metrics above reflect the current CXMT perpetual price across active derivatives exchanges, giving traders an immediate read on market conditions before they act.

Below the live data zone, you will find historical charts for open interest, CXMT funding rate, long/short ratio, and liquidation data, followed by an exchange breakdown table showing where CXMT perpetual liquidity is concentrated. Further down, each metric is explained in plain terms, and a scenarios section shows how traders read these signals together. A FAQ section answers the most common questions about CXMT perpetual trading metrics.

CXMT USDT Price Today: Live Chart

The chart above displays the CXMT USDT price today for the CXMT/USDT perpetual contract. Use the timeframe controls to view price history across different intervals. The CXMTUSDT live price on Bybit is updated in real time and reflects the last traded price for the active perpetual contract. For the current mark price, index price, and basis spread alongside the CXMT USDT price today, refer to the key metrics bar at the top of this page.

CXMT Open Interest and Funding Rate History

The charts below show historical open interest, CXMT funding rate, long/short ratio, and liquidation data for CXMT perpetual contracts. Use the timeframe controls to examine market trends over your preferred period.

Open Interest Chart

Interactive OI chart with 30-day default view, 7D/30D/90D toggles, displaying open interest in both USD and contract terms with directional annotation.

CXMT Funding Rate Chart

Interactive CXMT funding rate chart with 30-day default view, 7D/30D/90D toggles, in heat map or bar format. 7-day and 30-day average reference lines are displayed on the chart.

Long/Short Ratio Chart

Interactive long/short ratio chart with 7-day default view and 1D/7D/30D toggles.

Liquidation Chart

Interactive liquidation chart with 7-day view, showing separate bars for longs liquidated and shorts liquidated.

CXMT Perpetual Contracts by Exchange

CXMT perpetual contracts are listed on multiple exchanges. The table below shows a live breakdown of open interest and trading volume by platform, which can help you identify where CXMT perpetual liquidity is most concentrated.

| Exchange | Open Interest (USD) | Market Share (%) | 24-Hour Volume (USD) | Funding Rate | Margin | Last Updated | |---|---|---|---|---|---|---| | Bybit | [live] | [live] | [live] | [live] | USDT | [timestamp] | | [Exchange B] | [live] | [live] | [live] | [live] | USDT | [timestamp] |

Open interest and volume figures reflect perpetual contract data only, not spot market data. Sort by any column to reorder results. For the CXMTUSDT live price on Bybit and the current CXMT funding rate on that platform, navigate directly to the CXMT contract page.

About CXMT

CXMT is a cryptocurrency token built on [blockchain name]. CXMT is actively traded as a perpetual contract on derivatives exchanges, allowing traders to speculate on CXMT price movements without holding the underlying token. CXMT perpetual contracts trade as the CXMTUSDT pair on Bybit and [confirmed exchanges]. The

CXMT USDT price today and CXMTUSDT live price on Bybit are reflected in the live metrics at the top of this page.

Market Cap: $[live data] | Circulating Supply: [confirm from official source] | Launch Date: [confirm from official source]

For the CXMT spot price and market data, see the CXMT spot price page.

Understanding CXMT Perpetual Contract Metrics

Each metric displayed on this page describes a different dimension of the CXMT perpetual market, from the CXMT USDT price today to the CXMT funding rate to trader positioning across exchanges.

What Is a Perpetual Contract?

A perpetual contract is a derivative instrument that tracks the price of an underlying asset, in this case CXMT, with no expiry date. Unlike traditional futures contracts, which converge to the spot price at a fixed settlement date, a perpetual contract continues indefinitely. The CXMT funding rate mechanism, rather than a settlement date, keeps the perpetual price anchored to the spot price by transferring periodic payments between long and short position holders.

Cryptocurrency perpetual contracts differ from commodity or equity futures, which expire on a fixed date. Perpetual contracts are a form of margin trading, meaning traders deposit collateral to open and maintain leveraged positions. For a full explanation of [how perpetual and expiry contracts work](https://www.bybit.com/en/help-center/article/Ho w-to-Get-Started-With-Futures-Trading-Perpetual-and-Expiry-Contracts), see Bybit's futures trading guide.

What Is the CXMT Funding Rate?

The CXMT funding rate is the periodic payment exchanged between traders holding long positions and short positions in the CXMT perpetual contract. It is designed to keep the CXMTUSDT perpetual contract price anchored to the spot index price. When the CXMT funding rate is positive, long positions pay short positions; when the rate is negative, short positions pay long positions.

The CXMT funding rate is calculated based on the difference between the perpetual contract price and the spot index price, adjusted for an interest rate component. On Bybit and most major derivatives exchanges, funding payments settle every 8 hours, though the exact interval for CXMT perpetuals should be confirmed against each exchange's contract specifications. Funding payments are calculated on the full notional value of the position, not just the deposited margin, which means a 10x leveraged position pays or receives the CXMT funding rate at 10 times the rate of an unlevered equivalent.

Traders holding short positions, speculating that CXMT's price will fall, receive funding payments when the CXMT funding rate is positive and pay funding when the rate is negative. The 7-day and 30-day average CXMT funding rates displayed in the metrics bar above provide historical context for whether the current rate is elevated, depressed, or near its recent norm. Bitcoin (BTC) perpetual funding rates serve as the most widely tracked benchmark in crypto derivatives markets; Ethereum (ETH) perpetual rates serve as a second reference for assessing whether CXMT is attracting above- or below-average demand for leveraged exposure. For a comparison of how Bitcoin perpetual funding rates behave across market cycles, see the Bitcoin perpetual price and funding rate page.

A positive CXMT funding rate signals that the perpetual price is trading above the spot index, indicating net bullish positioning in the derivatives market. A negative

CXMT funding rate signals the opposite: the perpetual trades below spot, reflecting net bearish positioning.

What Is Open Interest?

Open interest is the total value of all outstanding CXMT perpetual contracts that have not yet been closed, settled, or liquidated. Open interest is distinct from trading volume: volume counts completed transactions during a period, while open interest counts positions that remain active and open. Rising open interest indicates new money entering the CXMT market; falling open interest suggests position unwinding.

Open interest increases when new CXMTUSDT contracts are opened and decreases when existing contracts are closed or liquidated. On this page, open interest is displayed in both USD terms and contract terms. These two figures can diverge when the CXMT USDT price today is volatile, since USD-denominated OI changes with price even when position count is stable.

Distinct signals emerge depending on how open interest moves relative to price: rising open interest alongside rising price is generally interpreted as a trend confirmation, suggesting fresh buying is driving the move; rising open interest with falling price may indicate growing short pressure; falling open interest regardless of price direction points to reduced market conviction as traders close rather than open positions.

Open interest is also displayed broken down by exchange in the table above. For context on [open interest limits for perpetual futures contracts](https://www.bybit.com/en/help-c enter/article/Open-Interest-Limit-Perpetual-Futures-Contracts), see Bybit's documentation on how exchanges manage OI concentration.

What Is the Mark Price?

The mark price is a fair-value estimate for the CXMT perpetual contract, calculated from the index price plus a funding basis adjustment. Exchanges use the mark price, not the last traded price, to determine whether a position should be liquidated. This design prevents temporary price spikes from triggering unnecessary forced position closures.

All three price values shown in the live ticker above have distinct roles: the last price is the most recent trade executed on the exchange and is more volatile; the mark price is the liquidation reference; the index price is the basis for the mark price calculation. The CXMT USDT price today shown in the live ticker is the last traded price.

The index price is the weighted average spot price of CXMT across multiple major exchanges, used as the reference price for calculating both the mark price and the CXMT funding rate. By aggregating prices from several sources, the index price resists distortion from any single exchange anomaly. When the CXMTUSDT perpetual price trades significantly above the index price, the CXMT funding rate tends to be positive. When it trades below, the rate tends to be negative, as the mechanism works to pull the two prices back into alignment.

When the mark price diverges significantly from the last traded price, it may indicate short-term illiquidity or a temporary price spike. Traders monitoring this gap can assess whether their liquidation threshold is at genuine risk. For the technical methodology behind [mark price calculation for perpetual contracts](https://www.bybit.com/en/help-cen ter/article/Mark-Price-Calculation-Perpetual-Expiry-Contracts), see Bybit's official documentation.

What Is CXMT Liquidation Data?

Liquidation occurs when a leveraged CXMT perpetual position loses enough value that the account's margin falls below the exchange's maintenance requirement, triggering automatic closure of the position. The mark price, not the last traded price, is used to calculate whether liquidation is triggered. This prevents manipulation through temporary price spikes from forcing out positions that would otherwise remain solvent.

When liquidation volumes are concentrated on one side, the effect can compound: a wave of long liquidations generates sell pressure that pushes the CXMT USDT price today lower, which can trigger further liquidations in sequence. This cascade dynamic is visible in the liquidation chart above, where large spikes in one direction often coincide with sharp price moves.

Traders should be aware that leveraged CXMT positions can be fully liquidated if the market moves against them, and losses in a perpetual contract can exceed the initial margin deposit.

What Is the Basis (Futures Spread)?

The basis (futures spread) is the difference between the CXMT perpetual contract price and the spot index price, expressed in USD or as a percentage. A positive basis indicates the perpetual market trades at a premium to spot, reflecting demand for leveraged long exposure. A negative basis indicates the perpetual trades at a discount to spot, signaling bearish pressure or reduced appetite for long positions.

The basis is not the same as basis points in an interest rate context. It is a price spread between two related markets: the CXMTUSDT perpetual contract and the underlying spot index. The current basis value is displayed in the key metrics bar at the top of this page.

What Is the Long/Short Ratio?

The long/short ratio compares the number of traders holding long positions versus short positions in the CXMT perpetual market. A ratio above 1.0 indicates more long positions than short positions are currently open. A ratio below 1.0 indicates more shorts than longs. Extreme ratios in either direction can signal crowded positioning and potential squeeze risk.

Long/short ratio data methodology varies by exchange and data provider. Some providers measure by number of trader accounts; others measure by notional position value. The methodology used for the data on this page is noted in the data source attribution below the metrics bar. The historical long/short ratio chart in the section above shows how this ratio has evolved over the past 7 to 30 days for the CXMTUSDT perpetual.

How Traders Use CXMT Funding Rate and Open Interest Data

The CXMT funding rate, open interest, and long/short ratio each provide a partial picture of CXMT market conditions. Traders typically interpret these metrics in combination rather than in isolation. The following scenarios illustrate how these metrics interact to characterize different market postures, each described in neutral terms without implying a specific price outcome.

Crowded Long Scenario

When the CXMT funding rate is elevated and positive, open interest is rising, and the long/short ratio is significantly above 1.0, the market may be characterized as heavily long-biased with high leveraged exposure. Long position holders are paying an increasing cost to maintain their positions at each CXMT funding rate interval, and a sharp decline in the CXMT USDT price today in this condition could trigger a cascade of liquidations as leveraged longs are closed out.

Bearish Sentiment Scenario

When the CXMT funding rate is negative, open interest is rising, and the long/short ratio is below 1.0, the market may be characterized as short-biased. Short position holders are paying CXMT funding rate costs to maintain their positions. If the CXMT USDT price today recovers from this condition, short positions may be closed at a loss in what traders call a short squeeze, where the buying pressure from closing shorts accelerates upward price movement.

Trend Confirmation Scenario

When open interest rises alongside a rising CXMT USDT price today, with a neutral or mildly positive CXMT funding rate, this may indicate that new money is entering the market in the direction of the trend. This condition is often associated with sustained directional moves, because rising OI alongside rising price suggests genuine new buying rather than short covering.

Position Unwinding Scenario

When open interest falls regardless of price direction, it indicates that CXMT traders are closing positions rather than opening new ones, a sign of reduced market conviction. Falling open interest with rising price may indicate short covering rather than genuine new buying. This pattern is generally considered a weaker signal than rising OI with rising price.

These interpretations are provided as educational context. Market conditions are dynamic and no single metric combination guarantees a specific price outcome.

Frequently Asked Questions: CXMT Perpetual Contract, Funding Rate and Open Interest

What is the CXMT USDT price today?

The CXMT USDT price today is displayed live in the metrics bar at the top of this page and in the CXMT/USDT perpetual price chart above. The figure shown is the last traded price for the CXMTUSDT perpetual contract, updated in real time. The CXMT USDT price today differs from the mark price (the liquidation reference) and the index price (the weighted spot average used to calculate the CXMT funding rate). For the most current CXMT USDT price today alongside the live CXMT funding rate and open interest, check the CXMT perpetual page on Bybit.

Where can I check the CXMTUSDT live price on Bybit?

The CXMTUSDT live price on Bybit is available directly on Bybit's CXMT USDT perpetual contract page. The CXMTUSDT live price on Bybit shows the last traded price, mark price, index price, current CXMT funding rate, and next funding countdown timer in real time. The exchange breakdown table on this page also shows Bybit's open interest and 24-hour volume for the CXMTUSDT perpetual, allowing direct comparison with other platforms. Always verify current contract status at Bybit before opening a position.

What is the CXMT funding rate?

The CXMT funding rate is the periodic payment exchanged between traders holding long and short positions in the CXMT perpetual contract, designed to keep the CXMTUSDT perpetual price anchored to the spot index price. When the CXMT funding rate is positive, longs pay shorts; when negative, shorts pay longs. The current CXMT funding rate, 7-day average, and 30-day average are displayed in the metrics bar at the top of this page. On Bybit, the CXMT funding rate is typically settled every 8 hours — confirm the exact interval in the contract specifications. A sustained high positive CXMT funding rate signals crowded long positioning; a sustained negative rate signals bearish positioning.

What is a perpetual contract in crypto?

A perpetual contract is a derivative instrument that tracks the price of an underlying asset with no expiry date. Unlike standard futures contracts, which settle on a fixed date, perpetual contracts continue indefinitely. A mechanism called the CXMT funding rate (paid periodically between long and short traders) keeps the CXMTUSDT perpetual price anchored to the spot price in place of settlement-based convergence.

What is a funding rate in crypto?

The funding rate is a periodic payment exchanged between traders holding long positions and traders holding short positions in a perpetual contract. For CXMT, the CXMT funding rate is designed to keep the CXMTUSDT perpetual contract price anchored to the spot price. When the rate is positive, long positions pay short positions; when negative, short positions pay long positions. Check the live CXMT funding rate at the top of this page or on Bybit.

What does open interest mean in cryptocurrency?

Across cryptocurrency derivatives markets, open interest measures the total value of all active CXMT perpetual contracts that have not yet been closed or settled. The key distinction from trading volume is that volume counts completed transactions, while open interest counts positions that remain unresolved. Rising open interest indicates new money entering the CXMT market; falling open interest suggests traders are closing positions rather than opening new ones.

What is the mark price vs. last price?

The mark price is a fair-value estimate for the CXMT perpetual contract, calculated from the spot index price plus a funding basis adjustment. The last price is simply the most recent trade executed on the exchange and represents the current CXMT USDT price today in the live ticker. Exchanges use the mark price, not the last price, to determine liquidations, preventing temporary price spikes from triggering forced position closures.

What is the index price in futures trading?

The index price is the weighted average spot price of CXMT across multiple major exchanges, used as the reference price for calculating the mark price and CXMT funding rate. By aggregating prices from multiple sources, the index price smooths out any single exchange anomaly and provides a stable reference that resists price manipulation.

How is the funding rate calculated?

Exchanges calculate the CXMT funding rate based on the difference between the CXMTUSDT perpetual contract price and the spot index price, adjusted for an interest rate component. Most exchanges recalculate the rate continuously and settle payments at fixed intervals, typically every 8 hours. When the perpetual price trades above the index, the CXMT funding rate tends to be positive; when below, it tends to be negative.

How often is the funding rate paid on CXMT?

The CXMT funding rate on Bybit is typically paid every 8 hours, the standard interval used by most major derivatives exchanges. The exact next funding payment time is displayed live on this page with a countdown timer. The amount paid or received depends on your position size (notional value), the CXMT funding rate percentage, and whether you hold a long or short position. Confirm the exact interval against each exchange's contract specifications.

How do perpetual contracts work without an expiry date?

CXMT perpetual contracts have no expiry date because they use a CXMT funding rate mechanism instead of settlement. In traditional futures, the contract price converges to spot at expiry. In perpetuals, the

CXMT funding rate, paid periodically between long and short traders, creates a continuous incentive for the CXMTUSDT perpetual price to stay close to the spot price, replacing the need for an expiry-based convergence event.

What does a positive funding rate mean for CXMT?

A positive CXMT funding rate means that traders holding long positions are paying traders holding short positions at each funding interval. This occurs when the CXMT perpetual price trades above the spot index price, indicating that demand for leveraged long exposure exceeds demand for short exposure. Sustained high positive CXMT funding rates are associated with crowded long positioning and may indicate elevated conditions for correction risk.

What does a negative funding rate mean in crypto?

A negative CXMT funding rate means that traders holding short positions pay traders holding long positions at each funding interval. This occurs when the CXMTUSDT perpetual contract price trades below the spot index price, indicating more demand for short exposure than long exposure. Negative CXMT funding rates are associated with bearish market sentiment and may create incentive for long positions to hold, which can reduce pressure toward a short squeeze.

What does rising open interest mean for a cryptocurrency?

Rising open interest in the CXMT perpetual market indicates that new positions are being opened, meaning new money is entering the market. When rising open interest coincides with a rising CXMT USDT price today, it is generally interpreted as a trend confirmation signal, suggesting genuine new buying. When rising open interest coincides with falling price, it may indicate growing short pressure and potential downside momentum.

Is high open interest good for crypto?

High open interest in CXMT is neither inherently good nor bad; it depends on context. High open interest with a rising CXMT USDT price today suggests strong market participation and conviction. However, high open interest also means more leveraged exposure in the CXMTUSDT market, which increases the risk of sharp corrections if a large number of positions are liquidated simultaneously. Open interest should always be interpreted alongside price trend and CXMT funding rate.

Is a negative funding rate bullish or bearish?

A negative CXMT funding rate is generally associated with bearish market sentiment, signaling that more traders are paying to hold short CXMT positions. However, extreme negative

CXMT funding rates can also create conditions for a short squeeze, as traders paying an increasing cost to maintain short positions may close those positions if the CXMT USDT price today recovers. A negative CXMT funding rate alone is not a reliable predictor of price direction.

Is a high funding rate bad for long positions?

A high positive CXMT funding rate does increase the cost of holding a long CXMT perpetual position, since long positions must pay short positions at each funding interval. For traders holding large or highly leveraged long CXMTUSDT positions, sustained high CXMT funding rates can erode profits even when price moves favorably. Factoring the annualized equivalent of the current CXMT funding rate into the total cost of holding a position is standard practice among active derivatives traders.

Where can I trade CXMT perpetuals?

CXMT perpetual contracts are available on Bybit and [confirmed exchanges]. The exchange breakdown table on this page shows a live comparison of open interest and 24-hour trading volume by platform, which can help you identify where CXMTUSDT perpetual liquidity is most concentrated. Always verify that your preferred exchange actively lists CXMT perpetual trading before funding your account.

Risk Disclaimer

CXMT perpetual contract trading involves significant risk of financial loss. Perpetual contracts are leveraged instruments, and losses can exceed initial margin deposits. Positions may be liquidated in adverse market conditions. The data and content on this page are provided for informational purposes only and do not constitute financial advice or a recommendation to buy, sell, or hold any asset. Past CXMT funding rate or open interest data is not indicative of future market conditions. Always conduct independent research before making trading decisions.