Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1779%/8h= −194.8% APRpaid last 24h −0.190%

Price spread now: Binance against Ondo Perps+0.673%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.673% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.673% now, against zero (this spread has no 7-day history yet)): +$67 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CXMT-USD.P	8.5455	−0.2454	get 0.0307% / 1h	55m 54s	$29K	$33K	10x
Short	Binance CXMTUSDT	8.6030	−0.4233	pay 0.2117% / 4h	55m 54s	$4.2M	$9.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.673%Rate

Funding earned: −$373.61
Price spread: +0.673% → 0.000%: $67.29
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$321.32
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 14 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	1.75 bp	13.4 bp −$13	41.0 bp −$410	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Binance CXMTUSDTshort	−0.4233%	4h	8.6030	+0.673%	$4.2M	$9.6M	20x
OKX CXMT-USDT-SWAP	−0.4123%	8h	8.6100	+0.755%	$1.3M	$5.7M	20x	as long as short
Bybit CXMTUSDT	−0.3857%	8h	8.6040	+0.685%	$1.1M	$1.2M	20x	as long as short
Bitget CXMTUSDT	−0.3748%	8h	8.6110	+0.766%	$637K	$891K	20x	as long as short
Gate CXMT_USDT	−0.3600%	1h	8.5780	+0.380%	$5.7M	$13.2M	50x	as long as short
Aster CXMTUSDT	−0.3264%	8h	8.6060	+0.708%	$138K	$70K	20x	as long as short
Polymarket Perps CXMT-USD	−0.3205%	1h	8.5899	+0.520%	$8K	$48K	10x	as long as short
tradeXYZ xyz:CXMT	−0.2874%	1h	8.5894	+0.514%	$56.0M	$9.8M	10x	as long as short
Ondo Perps CXMT-USD.Plong	−0.2454%	1h	8.5455	long leg	$29K	$33K	10x
SoDEX CXMT-USD	−0.1970%	1h	8.5958	+0.589%	$229K	$9K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CXMT	−0.0856%	1h	8.5944	+0.572%	$101K	$18K	5x	as long as short
SunX CXMT-USDT	−0.0739%	4h	8.6040	+0.685%	$84	$2.3M	10x	as long as short
Popdex CXMTUSDT	−0.0376%	1h	8.5960	+0.591%	$2K	$115K	20x	as long as short
ApeX Omni CXMTUSDT	−0.0067%	1h	8.6200	+0.872%	$8K	$252K	50x	as long as short
edgeX CXMTUSDC	−0.0016%	4h	8.5734	+0.326%	$459K	$266K	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6468	+1.185%	$32K	$38K	10x	as long as short