Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.069%

Price spread now: Bitget against SoDEX+0.075%7-day average +0.125% · 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−$102as in the Price arb table

costs, in and out, $10k−$970.969% of the position

Long on SoDEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.075%, 7d avg +0.125%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.050% cheaper against SoDEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.125%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CXMT-USD	8.6095	−0.2491	get 0.0311% / 1h	51m 38s	$229K	$9K	5x
Short	Bitget CXMTUSDT	8.6160	−0.2668	pay 0.2668% / 8h	2h 51m	$601K	$842K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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 SoDEXbpFee BitgetbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$37.2
Price spread: +0.075% → +0.125%: −$4.95
Slippage, 4 orders: −$76.89
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$139.05
Costs to cover: 0.969%
Break-even: never at this rate

Slippage from SoDEX: live order book, 62 min ago; Bitget: live order book, 59 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 SoDEX live order book, 62 min ago	1.56 bp	27.0 bp −$27	1456.9 bp −$14.6K	doesn't fit	doesn't fit
Sell Bitget live order book, 59 min ago	4.05 bp	22.4 bp −$22	42.6 bp −$426	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
Binance CXMTUSDT	−0.4157%	4h	8.6060	−0.041%	$4.4M	$9.1M	20x	as long as short
Popdex CXMTUSDT	−0.3920%	1h	8.6130	+0.041%	$1K	$115K	20x	as long as short
Bybit CXMTUSDT	−0.3779%	8h	8.6120	+0.029%	$1.0M	$1.1M	20x	as long as short
tradeXYZ xyz:CXMT	−0.3398%	1h	8.6000	−0.110%	$56.0M	$9.2M	10x	as long as short
OKX CXMT-USDT-SWAP	−0.3072%	8h	8.6040	−0.064%	$1.4M	$5.4M	20x	as long as short
Polymarket Perps CXMT-USD	−0.2893%	1h	8.6247	+0.177%	$8K	$51K	10x	as long as short
Ondo Perps CXMT-USD.P	−0.2706%	1h	8.6195	+0.116%	$29K	$33K	10x	as long as short
Bitget CXMTUSDTshort	−0.2668%	8h	8.6160	+0.075%	$601K	$842K	20x
ApeX Omni CXMTUSDT	−0.2595%	1h	8.6500	+0.470%	$8K	$251K	50x	as long as short
SoDEX CXMT-USDlong	−0.2491%	1h	8.6095	long leg	$229K	$9K	5x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CXMT_USDT	−0.2264%	1h	8.6010	−0.099%	$5.7M	$13.2M	50x	as long as short
Aster CXMTUSDT	−0.1945%	8h	8.6180	+0.099%	$138K	$105K	20x	as long as short
Lighter CXMT	−0.1416%	1h	8.6191	+0.112%	$101K	$17K	5x	as long as short
edgeX CXMTUSDC	−0.0069%	4h	8.6139	+0.051%	$436K	$241K	10x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.6699	+0.702%	$85	$2.4M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6592	+0.577%	$32K	$38K	10x	as long as short