Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.209%

Price spread now: Ondo Perps against Bybit+0.337%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 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 +$3 a day on $10k at the current rate, and Ondo Perps is 0.337% dearer against Bybit than usual: you sell high and buy low: +$34 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	Bybit CXMTUSDT	8.5180	−0.1055	get 0.1055% / 8h	6h 54m	$923K	$1.6M	20x
Short	Ondo Perps CXMT-USD.P	8.5467	−0.0948	pay 0.0118% / 1h	54m 26s	$28K	$41K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.337%Rate

Funding earned: $22.49
Price spread: +0.337% → 0.000%: $33.69
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $40.18
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.76 bp	21.3 bp −$21	142.7 bp −$1,427	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
OKX CXMT-USDT-SWAP	−0.2911%	8h	8.5190	+0.012%	$1.1M	$5.9M	20x	as long as short
Bitget CXMTUSDT	−0.2860%	8h	8.5220	+0.047%	$661K	$1.1M	20x	as long as short
Binance CXMTUSDT	−0.2026%	4h	8.5232	+0.061%	$4.0M	$10.2M	20x	as long as short
Aster CXMTUSDT	−0.1924%	8h	8.5404	+0.263%	$136K	$71K	20x	as long as short
Gate CXMT_USDT	−0.1168%	1h	8.5180	0.000%	$5.2M	$13.6M	50x	as long as short
Bybit CXMTUSDTlong	−0.1055%	8h	8.5180	long leg	$923K	$1.6M	20x
Ondo Perps CXMT-USD.Pshort	−0.0948%	1h	8.5467	+0.337%	$28K	$41K	10x
tradeXYZ xyz:CXMT	−0.0076%	1h	8.5273	+0.109%	$55.5M	$10.1M	10x	as long as short
Lighter CXMT	−0.0016%	1h	8.5381	+0.236%	$100K	$15K	5x	as long as short
edgeX CXMTUSDC	−0.0004%	4h	8.5348	+0.198%	$457K	$266K	10x	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	8.5339	+0.187%	$84	$2.0M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.5943	+0.896%	$32K	$39K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5230	+0.059%	$2K	$115K	20x	as long as short
Polymarket Perps CXMT-USD	+0.0050%	1h	8.5275	+0.112%	$8K	$46K	10x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5210	+0.035%	$227K	$12K	5x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5400	+0.258%	$8K	$252K	50x	as long as short