Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.165%

Price spread now: SoDEX against Bybit−0.053%66s7-day average −0.082% · 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—prices read too far apart to compare

costs, in and out, $10k−$980.981% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.308%+$31 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.053%, 7d avg −0.082%

Together, before fees+0.267%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.029% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.082%. The two prices were read 66 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	Bybit CXMTUSDT	8.5460	0	get 0.0000% / 8h	4h 04m	$907K	$1.6M	20x
Short	SoDEX CXMT-USD	8.5415	0.0042	get 0.0005% / 1h	4m 15s	$227K	$12K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $8.91
Price spread: −0.053% → −0.082%: $2.95
Slippage, 4 orders: −$79.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$86.27
Costs to cover: 0.981%
Break-even: 74.8 days

Slippage from Bybit: live order book, 5 min ago; SoDEX: live order book, 37 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 Bybit live order book, 5 min ago	2.92 bp	19.7 bp −$20	147.9 bp −$1,479	doesn't fit	doesn't fit
Sell SoDEX live order book, 37 min ago	2.45 bp	26.4 bp −$26	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
Gate CXMT_USDT	−0.1208%	1h	8.5390	−0.082%	$5.0M	$14.7M	50x	as long as short
Bitget CXMTUSDT	−0.0485%	8h	8.5460	0.000%	$616K	$1.1M	20x	as long as short
tradeXYZ xyz:CXMT	−0.0391%	1h	8.5374	−0.101%	$55.5M	$9.9M	10x	as long as short
OKX CXMT-USDT-SWAP	−0.0373%	8h	8.5470	+0.012%	$1.1M	$5.9M	20x	as long as short
Polymarket Perps CXMT-USD	−0.0266%	1h	8.5368	−0.108%	$9K	$47K	10x	as long as short
Aster CXMTUSDT	−0.0195%	8h	8.5650	+0.223%	$137K	$71K	20x	as long as short
edgeX CXMTUSDC	−0.0043%	4h	8.5466	+0.007%	$458K	$268K	10x	as long as short
Binance CXMTUSDT	0.0000%	4h	8.5440	−0.024%	$4.0M	$10.4M	20x	as long as short
Bybit CXMTUSDTlong	0.0000%	8h	8.5460	long leg	$907K	$1.6M	20x
SunX CXMT-USDT	0.0000%	4h	8.5500	+0.047%	$84	$1.5M	10x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CXMT-USDT	0.0000%	4h	8.6010	+0.644%	$31K	$41K	10x	as long as short
Lighter CXMT	+0.0032%	1h	8.5494	+0.040%	$100K	$14K	5x	as long as short
SoDEX CXMT-USDshort	+0.0042%	1h	8.5415	−0.053%	$227K	$12K	5x
Popdex CXMTUSDT	+0.0048%	1h	8.5450	−0.012%	$3K	$115K	20x	as long as short
Ondo Perps CXMT-USD.P	+0.0050%	1h	8.5399	−0.071%	$28K	$33K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5600	+0.164%	$8K	$254K	50x	as long as short