Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.191%

Price spread now: ApeX Omni against Bitget−0.105%83s7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1601.602% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.359%+$36 on $10k

Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.105%, 7d avg −0.059%

Together, before fees+0.290%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.045% cheaper against Bitget than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.059%). If the spread goes back, that is −$5 on $10k: about 36 hours of funding at the current rate (+$3 a day). The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CXMTUSDT	8.5990	0	get 0.0000% / 8h	7h 08m	$609K	$921K	20x
Short	ApeX Omni CXMTUSDT	8.5900	0.0100	get 0.0013% / 1h	8m 07s	$8K	$250K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.105%Rate

Funding earned: $21
Price spread: −0.105% → −0.059%: −$4.55
Slippage, 4 orders: −$138.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$143.78
Costs to cover: 1.602%
Break-even: 54.9 days

Slippage from Bitget: live order book, 63 min ago; ApeX Omni: live order book, 63 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 Bitget live order book, 63 min ago	2.91 bp	16.6 bp −$17	20.9 bp −$209	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	40.77 bp	66.9 bp −$67	258.8 bp −$2,588	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
edgeX CXMTUSDC	−0.0099%	4h	8.5930	−0.070%	$435K	$240K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.6281	+0.338%	$167K	$72K	20x	as long as short
Binance CXMTUSDT	0.0000%	4h	8.6094	+0.121%	$4.0M	$8.7M	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.6030	+0.047%	$965K	$640K	20x	as long as short
OKX CXMT-USDT-SWAP	0.0000%	8h	8.6070	+0.093%	$1.2M	$5.2M	20x	as long as short
Bitget CXMTUSDTlong	0.0000%	8h	8.5990	long leg	$609K	$921K	20x
SunX CXMT-USDT	0.0000%	4h	8.6155	+0.192%	$84	$2.5M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6814	+0.958%	$31K	$37K	10x	as long as short
Polymarket Perps CXMT-USD	+0.0019%	1h	8.5877	−0.131%	$8K	$44K	10x	as long as short
Lighter CXMT	+0.0032%	1h	8.6078	+0.102%	$101K	$25K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex CXMTUSDT	+0.0048%	1h	8.6080	+0.105%	$5K	$111K	20x	as long as short
tradeXYZ xyz:CXMT	+0.0050%	1h	8.5967	−0.027%	$55.3M	$8.0M	10x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5965	−0.029%	$229K	$9K	5x	as long as short
ApeX Omni CXMTUSDTshort	+0.0100%	1h	8.5900	−0.105%	$8K	$250K	50x
Ondo Perps CXMT-USD.P	+0.0187%	1h	8.6072	+0.095%	$23K	$50K	10x	as long as short
Gate CXMT_USDT	+0.0288%	1h	8.6000	+0.012%	$4.8M	$12.6M	50x	as long as short