Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.2074%/8h= −227.1% APRpaid last 24h −0.101%

Price spread now: Bybit 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 Bybit

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. Bybit 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 −$62 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CXMT-USD.P	8.5438	−0.1961	get 0.0245% / 1h	31m 15s	$29K	$33K	10x
Short	Bybit CXMTUSDT	8.5870	−0.4034	pay 0.4034% / 8h	1h 31m	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.506%Rate

Funding earned: −$435.45
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 Bybit: 5.5 bp × 2 orders: −$11
Net: −$400.88
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.91 bp	22.0 bp −$22	330.7 bp −$3,307	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	−0.4521%	4h	8.5820	+0.447%	$4.2M	$9.4M	20x	as long as short
OKX CXMT-USDT-SWAP	−0.4128%	8h	8.5850	+0.482%	$1.3M	$5.5M	20x	as long as short
Bybit CXMTUSDTshort	−0.4034%	8h	8.5870	+0.506%	$1.1M	$1.1M	20x
Bitget CXMTUSDT	−0.3662%	8h	8.5870	+0.506%	$620K	$850K	20x	as long as short
Aster CXMTUSDT	−0.3145%	8h	8.5890	+0.529%	$138K	$87K	20x	as long as short
Popdex CXMTUSDT	−0.2840%	1h	8.5880	+0.517%	$2K	$116K	20x	as long as short
Gate CXMT_USDT	−0.2792%	1h	8.5660	+0.260%	$5.7M	$13.4M	50x	as long as short
Polymarket Perps CXMT-USD	−0.2631%	1h	8.5839	+0.469%	$8K	$50K	10x	as long as short
tradeXYZ xyz:CXMT	−0.2446%	1h	8.5740	+0.353%	$55.8M	$9.9M	10x	as long as short
Ondo Perps CXMT-USD.Plong	−0.1961%	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	−0.1635%	1h	8.5799	+0.423%	$228K	$9K	5x	as long as short
SunX CXMT-USDT	−0.1106%	4h	8.5920	+0.564%	$84	$2.4M	10x	as long as short
Lighter CXMT	−0.0776%	1h	8.5790	+0.412%	$101K	$18K	5x	as long as short
ApeX Omni CXMTUSDT	−0.0244%	1h	8.5800	+0.424%	$8K	$251K	50x	as long as short
edgeX CXMTUSDC	−0.0017%	4h	8.5770	+0.388%	$459K	$267K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6501	+1.244%	$32K	$39K	10x	as long as short