Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0460%/8h= +50.3% APRpaid last 24h +0.119%

Price spread now: SoDEX against Bybit+0.033%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$1041.037% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.033%, 7d avg −0.081%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and SoDEX is 0.115% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.081%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.148% in total (about 16.4% 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	Bybit CXMTUSDT	8.6890	−0.4018	get 0.4018% / 8h	5h 05m	$975K	$738K	20x
Short	SoDEX CXMT-USD	8.6919	−0.3558	pay 0.0445% / 1h	5m 16s	$231K	$9K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. 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 BybitbpFee SoDEXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $96.5
Price spread: +0.033% → −0.081%: $11.47
Slippage, 4 orders: −$84.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $4.23
Costs to cover: 1.037%
Break-even: 6.7 days

Slippage from Bybit: live order book, 55 min ago; SoDEX: live order book, 58 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 Bybit live order book, 55 min ago	4.08 bp	24.6 bp −$25	390.2 bp −$3,902	doesn't fit	doesn't fit
Sell SoDEX live order book, 58 min ago	2.74 bp	29.2 bp −$29	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
Popdex CXMTUSDT	−0.6776%	1h	8.6990	+0.115%	$1K	$115K	20x	as long as short
Polymarket Perps CXMT-USD	−0.4760%	1h	8.7655	+0.880%	$8K	$49K	10x	as long as short
tradeXYZ xyz:CXMT	−0.4631%	1h	8.6958	+0.078%	$56.5M	$8.3M	10x	as long as short
Bybit CXMTUSDTlong	−0.4018%	8h	8.6890	long leg	$975K	$738K	20x
Ondo Perps CXMT-USD.P	−0.3835%	1h	8.7321	+0.496%	$29K	$33K	10x	as long as short
SoDEX CXMT-USDshort	−0.3558%	1h	8.6919	+0.033%	$231K	$9K	5x
Gate CXMT_USDT	−0.3328%	1h	8.6830	−0.069%	$5.7M	$12.3M	50x	as long as short
Binance CXMTUSDT	−0.3155%	4h	8.7040	+0.173%	$4.5M	$8.5M	20x	as long as short
Lighter CXMT	−0.2832%	1h	8.7199	+0.356%	$102K	$21K	5x	as long as short
ApeX Omni CXMTUSDT	−0.1803%	1h	8.7600	+0.817%	$8K	$250K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CXMT-USDT	−0.1649%	4h	8.7057	+0.192%	$85	$2.4M	10x	as long as short
Bitget CXMTUSDT	−0.1346%	8h	8.6990	+0.115%	$599K	$829K	20x	as long as short
OKX CXMT-USDT-SWAP	−0.1330%	8h	8.6910	+0.023%	$1.4M	$5.1M	20x	as long as short
Aster CXMTUSDT	−0.1180%	8h	8.7550	+0.760%	$145K	$104K	20x	as long as short
edgeX CXMTUSDC	−0.0059%	4h	8.7171	+0.323%	$441K	$241K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7800	+1.047%	$32K	$37K	10x	as long as short