Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.048%

Price spread now: OKX against SoDEX+0.123%7-day average +0.087% · 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−$80as in the Price arb table

costs, in and out, $10k−$830.833% of the position

Long on SoDEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.016%+$2 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.123%, 7d avg +0.087%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.036% dearer against SoDEX than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of +0.087%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CXMT-USD	8.5515	0.0050	pay 0.0006% / 1h	44m 56s	$227K	$9K	5x
Short	OKX CXMT-USDT-SWAP	8.5620	0	get 0.0000% / 8h	1h 44m	$1.1M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$10.5
Price spread: +0.123% → +0.087%: $3.58
Slippage, 4 orders: −$65.28
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$90.19
Costs to cover: 0.833%
Break-even: never at this rate

Slippage from SoDEX: live order book, 39 min ago; OKX: live order book, 3 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, 39 min ago	1.76 bp	27.1 bp −$27	1564.0 bp −$15.6K	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.75 bp	14.6 bp −$15	77.1 bp −$771	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
edgeX CXMTUSDC	−0.0028%	4h	8.5517	+0.003%	$433K	$241K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5686	+0.200%	$165K	$69K	20x	as long as short
Binance CXMTUSDT	0.0000%	4h	8.5669	+0.180%	$4.0M	$8.9M	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5600	+0.099%	$970K	$703K	20x	as long as short
OKX CXMT-USDT-SWAPshort	0.0000%	8h	8.5620	+0.123%	$1.1M	$5.6M	20x
Bitget CXMTUSDT	0.0000%	8h	8.5700	+0.216%	$535K	$879K	20x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5725	+0.246%	$84	$2.6M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6276	+0.890%	$31K	$38K	10x	as long as short
Lighter CXMT	+0.0032%	1h	8.5596	+0.095%	$101K	$29K	5x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5650	+0.158%	$5K	$111K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CXMT_USDT	+0.0048%	1h	8.5580	+0.076%	$4.9M	$13.7M	50x	as long as short
Polymarket Perps CXMT-USD	+0.0050%	1h	8.5510	−0.006%	$8K	$48K	10x	as long as short
SoDEX CXMT-USDlong	+0.0050%	1h	8.5515	long leg	$227K	$9K	5x
Ondo Perps CXMT-USD.P	+0.0050%	1h	8.5549	+0.040%	$23K	$50K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5400	−0.134%	$8K	$249K	50x	as long as short
tradeXYZ xyz:CXMT	+0.0216%	1h	8.5519	+0.005%	$55.0M	$8.3M	10x	as long as short