Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.069%

Price spread now: SoDEX against Bitget−0.046%7-day average −0.126% · 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−$90as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.046%, 7d avg −0.126%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SoDEX is 0.079% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CXMTUSDT	8.6330	−0.2755	get 0.2755% / 8h	2h 46m	$604K	$839K	20x
Short	SoDEX CXMT-USD	8.6290	−0.2599	pay 0.0325% / 1h	46m 11s	$229K	$9K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. 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 BitgetbpFee SoDEXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $32.83
Price spread: −0.046% → −0.126%: $7.94
Slippage, 4 orders: −$77.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$57.21
Costs to cover: 0.980%
Break-even: 19.2 days

Slippage from Bitget: live order book, 64 min ago; SoDEX: 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 Bitget live order book, 64 min ago	4.05 bp	19.2 bp −$19	41.7 bp −$417	doesn't fit	doesn't fit
Sell SoDEX live order book, 2 min ago	1.79 bp	28.1 bp −$28	doesn't fit	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	−0.4360%	1h	8.6350	+0.023%	$1K	$115K	20x	as long as short
Binance CXMTUSDT	−0.4224%	4h	8.6310	−0.023%	$4.4M	$9.1M	20x	as long as short
Bybit CXMTUSDT	−0.3813%	8h	8.6280	−0.058%	$1.0M	$1.1M	20x	as long as short
tradeXYZ xyz:CXMT	−0.3443%	1h	8.6208	−0.141%	$56.2M	$9.3M	10x	as long as short
OKX CXMT-USDT-SWAP	−0.3173%	8h	8.6290	−0.046%	$1.4M	$5.3M	20x	as long as short
Polymarket Perps CXMT-USD	−0.2989%	1h	8.6477	+0.170%	$8K	$52K	10x	as long as short
Bitget CXMTUSDTlong	−0.2755%	8h	8.6330	long leg	$604K	$839K	20x
Ondo Perps CXMT-USD.P	−0.2654%	1h	8.6430	+0.116%	$29K	$33K	10x	as long as short
SoDEX CXMT-USDshort	−0.2599%	1h	8.6290	−0.046%	$229K	$9K	5x
Gate CXMT_USDT	−0.2104%	1h	8.6230	−0.116%	$5.7M	$13.3M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CXMTUSDT	−0.2035%	8h	8.6234	−0.111%	$138K	$105K	20x	as long as short
ApeX Omni CXMTUSDT	−0.1740%	1h	8.6100	−0.266%	$8K	$252K	50x	as long as short
Lighter CXMT	−0.1728%	1h	8.6428	+0.114%	$101K	$17K	5x	as long as short
edgeX CXMTUSDC	−0.0061%	4h	8.6218	−0.130%	$436K	$242K	10x	as long as short
SunX CXMT-USDT	−0.0031%	4h	8.6411	+0.094%	$85	$2.4M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.7084	+0.873%	$32K	$37K	10x	as long as short