Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.043%

Price spread now: SunX against ApeX Omni−0.017%73s7-day average +0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2582.575% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.017%, 7d avg +0.109%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.127% cheaper against ApeX Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.109%). Swap the legs. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CXMTUSDT	8.6300	0.0100	pay 0.0013% / 1h	3m 44s	$8K	$251K	50x
Short	SunX CXMT-USDT	8.6285	0	get 0.0000% / 4h	3h 03m	$85	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$21
Price spread: −0.017% → +0.109%: −$12.67
Slippage, 4 orders: −$239.5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$291.18
Costs to cover: 2.575%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 48 min ago; SunX: 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 ApeX Omni live order book, 48 min ago	40.49 bp	60.8 bp −$61	253.0 bp −$2,530	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	57.80 bp	74.7 bp −$75	doesn't fit	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	−0.4150%	4h	8.6090	−0.243%	$4.4M	$9.0M	20x	as long as short
Bybit CXMTUSDT	−0.3782%	8h	8.6120	−0.209%	$1.0M	$1.1M	20x	as long as short
Ondo Perps CXMT-USD.P	−0.3169%	1h	8.5707	−0.687%	$29K	$33K	10x	as long as short
OKX CXMT-USDT-SWAP	−0.2949%	8h	8.6100	−0.232%	$1.4M	$5.3M	20x	as long as short
Bitget CXMTUSDT	−0.2550%	8h	8.6130	−0.197%	$603K	$828K	20x	as long as short
tradeXYZ xyz:CXMT	−0.2019%	1h	8.6044	−0.297%	$56.1M	$9.1M	10x	as long as short
Gate CXMT_USDT	−0.1984%	1h	8.6060	−0.278%	$5.8M	$13.7M	50x	as long as short
Aster CXMTUSDT	−0.1856%	8h	8.6303	+0.004%	$138K	$100K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1565%	1h	8.6022	−0.322%	$10K	$47K	10x	as long as short
SoDEX CXMT-USD	−0.1064%	1h	8.6020	−0.324%	$229K	$9K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CXMT	−0.0568%	1h	8.6055	−0.284%	$101K	$18K	5x	as long as short
Popdex CXMTUSDT	−0.0056%	1h	8.6070	−0.267%	$1K	$115K	20x	as long as short
edgeX CXMTUSDC	−0.0002%	4h	8.5920	−0.440%	$435K	$241K	10x	as long as short
SunX CXMT-USDTshort	0.0000%	4h	8.6285	−0.017%	$85	$2.4M	10x
HTX CXMT-USDT	0.0000%	4h	8.6787	+0.564%	$32K	$37K	10x	as long as short
ApeX Omni CXMTUSDTlong	+0.0100%	1h	8.6300	long leg	$8K	$251K	50x