Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h +0.002%

Price spread now: SunX against ApeX Omni+0.035%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1891.892% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.035%, 7d avg +0.115%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.080% cheaper against ApeX Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.115%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CXMTUSDT	8.6900	−0.1288	get 0.0161% / 1h	16m 38s	$8K	$250K	50x
Short	SunX CXMT-USDT	8.6930	−0.1477	pay 0.0738% / 4h	16m 38s	$85	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$39.77
Price spread: +0.035% → +0.115%: −$8.03
Slippage, 4 orders: −$171.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$236.97
Costs to cover: 1.892%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; SunX: live order book, 10 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 ApeX Omni live order book, 40 min ago	40.16 bp	59.5 bp −$59	259.0 bp −$2,590	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	23.84 bp	41.9 bp −$42	doesn't fit	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
Bybit CXMTUSDT	−0.4604%	8h	8.6700	−0.230%	$1.0M	$1.0M	20x	as long as short
Binance CXMTUSDT	−0.4292%	4h	8.6867	−0.038%	$4.5M	$8.8M	20x	as long as short
Polymarket Perps CXMT-USD	−0.3871%	1h	8.6881	−0.022%	$8K	$50K	10x	as long as short
tradeXYZ xyz:CXMT	−0.3685%	1h	8.6700	−0.230%	$56.4M	$8.9M	10x	as long as short
Popdex CXMTUSDT	−0.3400%	1h	8.6880	−0.023%	$1K	$115K	20x	as long as short
Gate CXMT_USDT	−0.2904%	1h	8.6630	−0.311%	$5.9M	$13.0M	50x	as long as short
SoDEX CXMT-USD	−0.2602%	1h	8.6675	−0.259%	$230K	$9K	5x	as long as short
Ondo Perps CXMT-USD.P	−0.2584%	1h	8.6498	−0.463%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAP	−0.2390%	8h	8.6710	−0.219%	$1.5M	$5.2M	20x	as long as short
Bitget CXMTUSDT	−0.2287%	8h	8.6730	−0.196%	$595K	$838K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CXMTUSDT	−0.1982%	8h	8.6860	−0.046%	$139K	$100K	20x	as long as short
Lighter CXMT	−0.1520%	1h	8.6851	−0.056%	$102K	$18K	5x	as long as short
SunX CXMT-USDTshort	−0.1477%	4h	8.6930	+0.035%	$85	$2.4M	10x
ApeX Omni CXMTUSDTlong	−0.1288%	1h	8.6900	long leg	$8K	$250K	50x
edgeX CXMTUSDC	−0.0014%	4h	8.6783	−0.135%	$439K	$242K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7448	+0.631%	$32K	$37K	10x	as long as short