Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.005%

Price spread now: SunX against ApeX Omni+0.186%73s7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$220as 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−$2012.012% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now +0.186%, 7d avg +0.113%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.074% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.186% now, against its 7-day average of +0.113%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 73 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	ApeX Omni CXMTUSDT	8.5800	0.0100	pay 0.0013% / 1h	13m 45s	$8K	$250K	50x
Short	SunX CXMT-USDT	8.5960	0	get 0.0000% / 4h	13m 45s	$84	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now +0.186%Rate

Funding earned: −$21
Price spread: +0.186% → +0.113%: $7.36
Slippage, 4 orders: −$183.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$214.87
Costs to cover: 2.012%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; SunX: live order book, 3 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 ApeX Omni live order book, 63 min ago	40.77 bp	70.5 bp −$70	247.4 bp −$2,474	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	22.10 bp	39.0 bp −$39	70.2 bp −$702	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
edgeX CXMTUSDC	−0.0089%	4h	8.5792	−0.010%	$434K	$241K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5880	+0.093%	$166K	$69K	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5840	+0.047%	$972K	$677K	20x	as long as short
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5860	+0.070%	$1.2M	$5.6M	20x	as long as short
Bitget CXMTUSDT	0.0000%	8h	8.5880	+0.093%	$542K	$876K	20x	as long as short
SunX CXMT-USDTshort	0.0000%	4h	8.5960	+0.186%	$84	$2.6M	10x
HTX CXMT-USDT	0.0000%	4h	8.6459	+0.768%	$31K	$37K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5890	+0.105%	$5K	$111K	20x	as long as short
Polymarket Perps CXMT-USD	+0.0050%	1h	8.5719	−0.094%	$8K	$46K	10x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5769	−0.036%	$228K	$9K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CXMTUSDT	+0.0069%	4h	8.5903	+0.120%	$4.0M	$8.9M	20x	as long as short
ApeX Omni CXMTUSDTlong	+0.0100%	1h	8.5800	long leg	$8K	$250K	50x
Lighter CXMT	+0.0168%	1h	8.5912	+0.131%	$101K	$29K	5x	as long as short
Gate CXMT_USDT	+0.0208%	1h	8.5800	0.000%	$4.8M	$13.3M	50x	as long as short
tradeXYZ xyz:CXMT	+0.0339%	1h	8.5778	−0.026%	$55.2M	$8.3M	10x	as long as short
Ondo Perps CXMT-USD.P	+0.0840%	1h	8.5922	+0.142%	$23K	$50K	10x	as long as short