Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.085%

Price spread now: SoDEX against SunX−0.147%7-day average −0.185% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1271.271% of the position

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.147%, 7d avg −0.185%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.038% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.185%. Mind the row above: over the last 4 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CXMT-USDT	8.5505	0	get 0.0000% / 4h	2h 15m	$84	$1.8M	10x
Short	SoDEX CXMT-USD	8.5379	0.0050	get 0.0006% / 1h	15m 09s	$227K	$12K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against SunX. 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 SunXbpFee SoDEXbpOrdersPrice spread, now −0.147%Rate

Funding earned: $10.5
Price spread: −0.147% → −0.185%: $3.75
Slippage, 4 orders: −$111.13
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$112.88
Costs to cover: 1.271%
Break-even: 82.3 days

Slippage from SunX: live order book, 4 min ago; SoDEX: live order book, 36 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 SunX live order book, 4 min ago	23.33 bp	27.3 bp −$27	58.5 bp −$585	doesn't fit	doesn't fit
Sell SoDEX live order book, 36 min ago	2.64 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit

CXMT on 16 exchanges

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
Bitget CXMTUSDT	−0.2263%	8h	8.5400	−0.123%	$663K	$1.1M	20x	as long as short
OKX CXMT-USDT-SWAP	−0.2249%	8h	8.5410	−0.111%	$1.1M	$5.9M	20x	as long as short
Aster CXMTUSDT	−0.1429%	8h	8.5382	−0.144%	$136K	$71K	20x	as long as short
Binance CXMTUSDT	−0.1090%	4h	8.5450	−0.064%	$4.0M	$10.3M	20x	as long as short
Gate CXMT_USDT	−0.0752%	1h	8.5420	−0.099%	$5.2M	$14.1M	50x	as long as short
Ondo Perps CXMT-USD.P	−0.0669%	1h	8.5533	+0.033%	$28K	$41K	10x	as long as short
Bybit CXMTUSDT	−0.0208%	8h	8.5400	−0.123%	$924K	$1.6M	20x	as long as short
edgeX CXMTUSDC	−0.0027%	4h	8.5373	−0.155%	$457K	$268K	10x	as long as short
SunX CXMT-USDTlong	0.0000%	4h	8.5505	long leg	$84	$1.8M	10x
HTX CXMT-USDT	0.0000%	4h	8.6017	+0.599%	$32K	$39K	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CXMT	+0.0019%	1h	8.5384	−0.142%	$55.6M	$10.0M	10x	as long as short
Lighter CXMT	+0.0032%	1h	8.5451	−0.063%	$100K	$16K	5x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5450	−0.064%	$2K	$114K	20x	as long as short
Polymarket Perps CXMT-USD	+0.0050%	1h	8.5315	−0.222%	$8K	$45K	10x	as long as short
SoDEX CXMT-USDshort	+0.0050%	1h	8.5379	−0.147%	$227K	$12K	5x
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5400	−0.123%	$8K	$253K	50x	as long as short