Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2669%/8h= +292.2% APRpaid last 24h −0.120%

Price spread now: OKX against SoDEX+0.111%7-day average +0.085% · 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−$82as in the Price arb table

costs, in and out, $10k−$850.848% 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)+0.025%+$2 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.111%, 7d avg +0.085%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$80 a day on $10k at the current rate, and OKX is 0.027% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.085%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.025% in total (about 2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CXMT-USD	8.6214	−0.3320	get 0.0415% / 1h	25m 36s	$229K	$9K	5x
Short	OKX CXMT-USDT-SWAP	8.6310	−0.0651	pay 0.0651% / 8h	5h 25m	$1.3M	$4.5M	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 +0.111%Rate

Funding earned: $560.46
Price spread: +0.111% → +0.085%: $2.66
Slippage, 4 orders: −$66.84
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $478.27
Costs to cover: 0.848%
Break-even: 1.0 days

Slippage from SoDEX: live order book, 38 min ago; OKX: live order book, 2 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, 38 min ago	2.74 bp	30.6 bp −$31	1577.9 bp −$15.8K	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.90 bp	11.8 bp −$12	112.7 bp −$1,127	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
Popdex CXMTUSDT	−0.6832%	1h	8.6380	+0.193%	$5K	$111K	20x	as long as short
Polymarket Perps CXMT-USD	−0.4712%	1h	8.6879	+0.771%	$8K	$46K	10x	as long as short
tradeXYZ xyz:CXMT	−0.4557%	1h	8.6291	+0.089%	$55.8M	$7.4M	10x	as long as short
Ondo Perps CXMT-USD.P	−0.3899%	1h	8.5606	−0.705%	$29K	$33K	10x	as long as short
SoDEX CXMT-USDlong	−0.3320%	1h	8.6214	long leg	$229K	$9K	5x
Bybit CXMTUSDT	−0.3070%	8h	8.6340	+0.146%	$962K	$592K	20x	as long as short
Gate CXMT_USDT	−0.3064%	1h	8.6160	−0.063%	$5.4M	$11.2M	50x	as long as short
Lighter CXMT	−0.2912%	1h	8.6555	+0.396%	$101K	$21K	5x	as long as short
Binance CXMTUSDT	−0.2024%	4h	8.6387	+0.201%	$4.2M	$7.8M	20x	as long as short
ApeX Omni CXMTUSDT	−0.1438%	1h	8.6500	+0.332%	$8K	$250K	50x	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	−0.1031%	4h	8.6360	+0.169%	$85	$2.4M	10x	as long as short
Bitget CXMTUSDT	−0.0702%	8h	8.6290	+0.088%	$613K	$803K	20x	as long as short
OKX CXMT-USDT-SWAPshort	−0.0651%	8h	8.6310	+0.111%	$1.3M	$4.5M	20x
Aster CXMTUSDT	−0.0555%	8h	8.6356	+0.164%	$156K	$78K	20x	as long as short
edgeX CXMTUSDC	−0.0096%	4h	8.6035	−0.208%	$435K	$240K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6786	+0.663%	$32K	$37K	10x	as long as short