Funding arb · Price arb /

CXMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0262%/8h= −28.6% APRpaid last 24h −0.119%

Price spread now: Bybit against SoDEX+0.126%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−$99as in the Price arb table

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

Long on SoDEX Short on Bybit

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)−0.003%$0 · spread now +0.126%, 7d avg +0.081%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.045% dearer against SoDEX than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.081%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CXMT-USD	8.7180	−0.3648	get 0.0456% / 1h	8m 57s	$232K	$9K	5x
Short	Bybit CXMTUSDT	8.7290	−0.3910	pay 0.3910% / 8h	5h 08m	$980K	$732K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$54.95
Price spread: +0.126% → +0.081%: $4.48
Slippage, 4 orders: −$84.74
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$154.2
Costs to cover: 1.037%
Break-even: never at this rate

Slippage from SoDEX: live order book, 55 min ago; Bybit: live order book, 51 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, 55 min ago	2.74 bp	30.6 bp −$31	1577.9 bp −$15.8K	doesn't fit	doesn't fit
Sell Bybit live order book, 51 min ago	4.08 bp	19.3 bp −$19	450.1 bp −$4,501	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	−0.6928%	1h	8.7350	+0.195%	$1K	$115K	20x	as long as short
Polymarket Perps CXMT-USD	−0.4808%	1h	8.7496	+0.362%	$8K	$49K	10x	as long as short
tradeXYZ xyz:CXMT	−0.4679%	1h	8.7128	−0.060%	$56.5M	$8.1M	10x	as long as short
Bybit CXMTUSDTshort	−0.3910%	8h	8.7290	+0.126%	$980K	$732K	20x
Ondo Perps CXMT-USD.P	−0.3890%	1h	8.7495	+0.361%	$29K	$33K	10x	as long as short
SoDEX CXMT-USDlong	−0.3648%	1h	8.7180	long leg	$232K	$9K	5x
Gate CXMT_USDT	−0.3368%	1h	8.7180	0.000%	$5.7M	$12.3M	50x	as long as short
Binance CXMTUSDT	−0.2995%	4h	8.7440	+0.298%	$4.5M	$8.5M	20x	as long as short
Lighter CXMT	−0.2888%	1h	8.7371	+0.219%	$102K	$21K	5x	as long as short
ApeX Omni CXMTUSDT	−0.1802%	1h	8.7600	+0.482%	$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	−0.1633%	4h	8.7340	+0.184%	$86	$2.4M	10x	as long as short
Bitget CXMTUSDT	−0.1249%	8h	8.7210	+0.034%	$600K	$828K	20x	as long as short
OKX CXMT-USDT-SWAP	−0.1223%	8h	8.7300	+0.138%	$1.4M	$5.1M	20x	as long as short
Aster CXMTUSDT	−0.1094%	8h	8.7550	+0.424%	$145K	$104K	20x	as long as short
edgeX CXMTUSDC	−0.0082%	4h	8.7433	+0.290%	$442K	$240K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.8233	+1.208%	$32K	$37K	10x	as long as short