Funding arb · Price arb /

CXMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1704%/8h= −186.6% APRpaid last 24h −0.098%

Price spread now: Bitget against Ondo Perps+0.506%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.506% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.506% now, against zero (this spread has no 7-day history yet)): +$51 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CXMT-USD.P	8.5438	−0.1945	get 0.0243% / 1h	33m 09s	$29K	$33K	10x
Short	Bitget CXMTUSDT	8.5870	−0.3649	pay 0.3649% / 8h	1h 33m	$620K	$850K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. 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 Ondo PerpsbpFee BitgetbpOrdersPrice spread, now +0.506%Rate

Funding earned: −$357.88
Price spread: +0.506% → 0.000%: $50.56
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$324.32
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 7 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 7 min ago	2.91 bp	16.9 bp −$17	40.0 bp −$400	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Binance CXMTUSDT	−0.4531%	4h	8.5840	+0.471%	$4.2M	$9.3M	20x	as long as short
OKX CXMT-USDT-SWAP	−0.4120%	8h	8.5880	+0.517%	$1.3M	$5.5M	20x	as long as short
Bybit CXMTUSDT	−0.4043%	8h	8.5890	+0.529%	$1.1M	$1.1M	20x	as long as short
Bitget CXMTUSDTshort	−0.3649%	8h	8.5870	+0.506%	$620K	$850K	20x
Aster CXMTUSDT	−0.3133%	8h	8.5890	+0.529%	$138K	$87K	20x	as long as short
Popdex CXMTUSDT	−0.2776%	1h	8.5850	+0.482%	$2K	$116K	20x	as long as short
Gate CXMT_USDT	−0.2768%	1h	8.5670	+0.272%	$5.7M	$13.4M	50x	as long as short
Polymarket Perps CXMT-USD	−0.2607%	1h	8.5901	+0.542%	$8K	$50K	10x	as long as short
tradeXYZ xyz:CXMT	−0.2434%	1h	8.5786	+0.407%	$55.9M	$9.9M	10x	as long as short
Ondo Perps CXMT-USD.Plong	−0.1945%	1h	8.5438	long leg	$29K	$33K	10x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CXMT-USD	−0.1611%	1h	8.5804	+0.428%	$228K	$9K	5x	as long as short
SunX CXMT-USDT	−0.1124%	4h	8.5885	+0.523%	$84	$2.4M	10x	as long as short
Lighter CXMT	−0.0744%	1h	8.5903	+0.544%	$101K	$18K	5x	as long as short
ApeX Omni CXMTUSDT	−0.0115%	1h	8.6100	+0.775%	$8K	$251K	50x	as long as short
edgeX CXMTUSDC	−0.0010%	4h	8.5744	+0.358%	$452K	$260K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6385	+1.108%	$32K	$39K	10x	as long as short