Funding arb · Price arb /

CXMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h +0.185%

Price spread now: Ondo Perps against Binance+0.042%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CXMTUSDT	8.5430	0	get 0.0000% / 4h	22m 28s	$3.9M	$8.7M	20x
Short	Ondo Perps CXMT-USD.P	8.5466	0.0050	get 0.0006% / 1h	22m 28s	$24K	$48K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now +0.042%Rate

Funding earned: $10.58
Price spread: +0.042% → 0.000%: $4.21
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$0.2
Costs to cover: 0.150%
Break-even: 7.1 days

Slippage unknown: Binance: live order book, 6 min ago; Ondo Perps: no order-book sample. 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 Binance live order book, 6 min ago	0.58 bp	12.5 bp −$12	42.4 bp −$424	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
SoDEX CXMT-USD	−0.0684%	1h	8.5415	−0.018%	$227K	$9K	5x	as long as short
tradeXYZ xyz:CXMT	−0.0604%	1h	8.5353	−0.090%	$54.9M	$8.2M	10x	as long as short
Polymarket Perps CXMT-USD	−0.0405%	1h	8.5391	−0.046%	$9K	$45K	10x	as long as short
Lighter CXMT	−0.0352%	1h	8.5470	+0.047%	$101K	$30K	5x	as long as short
edgeX CXMTUSDC	−0.0057%	4h	8.5401	−0.034%	$432K	$239K	10x	as long as short
Binance CXMTUSDTlong	0.0000%	4h	8.5430	long leg	$3.9M	$8.7M	20x
Bybit CXMTUSDT	0.0000%	8h	8.5410	−0.023%	$969K	$687K	20x	as long as short
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5350	−0.094%	$1.1M	$5.5M	20x	as long as short
Gate CXMT_USDT	0.0000%	1h	8.5400	−0.035%	$4.8M	$13.9M	50x	as long as short
Bitget CXMTUSDT	0.0000%	8h	8.5400	−0.035%	$518K	$859K	20x	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	0.0000%	4h	8.5480	+0.059%	$84	$2.6M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6185	+0.884%	$31K	$39K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5410	−0.023%	$5K	$110K	20x	as long as short
Ondo Perps CXMT-USD.Pshort	+0.0050%	1h	8.5466	+0.042%	$24K	$48K	10x
Aster CXMTUSDT	+0.0059%	8h	8.5723	+0.343%	$165K	$69K	20x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5700	+0.316%	$8K	$248K	50x	as long as short