Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.194%

Price spread now: ApeX Omni against Bybit+0.058%49s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as 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−$1851.851% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.441%+$44 on $10k

Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.058%, 7d avg −0.013%

Together, before fees+0.268%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.013%. The two prices were read 49 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	Bybit CXMTUSDT	8.5950	0	get 0.0000% / 8h	7h 22m	$966K	$654K	20x
Short	ApeX Omni CXMTUSDT	8.6000	0.0100	get 0.0013% / 1h	22m 45s	$8K	$250K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.058%Rate

Funding earned: $21
Price spread: +0.058% → −0.013%: $7.1
Slippage, 4 orders: −$164.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$156.98
Costs to cover: 1.851%
Break-even: 59.3 days

Slippage from Bybit: live order book, 48 min ago; ApeX Omni: live order book, 49 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 Bybit live order book, 48 min ago	4.08 bp	24.5 bp −$25	527.6 bp −$5,276	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 49 min ago	40.77 bp	66.9 bp −$67	258.8 bp −$2,588	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
Polymarket Perps CXMT-USD	−0.0109%	1h	8.5787	−0.190%	$8K	$46K	10x	as long as short
edgeX CXMTUSDC	−0.0002%	4h	8.5889	−0.071%	$434K	$240K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.6087	+0.159%	$167K	$72K	20x	as long as short
Binance CXMTUSDT	0.0000%	4h	8.5960	+0.012%	$4.0M	$8.7M	20x	as long as short
Bybit CXMTUSDTlong	0.0000%	8h	8.5950	long leg	$966K	$654K	20x
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5940	−0.012%	$1.2M	$5.3M	20x	as long as short
Bitget CXMTUSDT	0.0000%	8h	8.5920	−0.035%	$581K	$890K	20x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.6015	+0.076%	$84	$2.5M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6467	+0.602%	$31K	$37K	10x	as long as short
Lighter CXMT	+0.0032%	1h	8.5965	+0.017%	$102K	$24K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex CXMTUSDT	+0.0048%	1h	8.5950	0.000%	$5K	$111K	20x	as long as short
tradeXYZ xyz:CXMT	+0.0050%	1h	8.5864	−0.100%	$55.2M	$8.2M	10x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5864	−0.100%	$228K	$9K	5x	as long as short
Ondo Perps CXMT-USD.P	+0.0050%	1h	8.5866	−0.098%	$23K	$50K	10x	as long as short
Gate CXMT_USDT	+0.0056%	1h	8.5860	−0.105%	$4.8M	$12.5M	50x	as long as short
ApeX Omni CXMTUSDTshort	+0.0100%	1h	8.6000	+0.058%	$8K	$250K	50x