Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1690%/8h= −185.0% APRpaid last 24h −0.094%

Price spread now: Bybit against Ondo Perps+0.111%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 Bybit

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. Bybit is 0.111% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CXMT-USD.P	8.5805	−0.1469	get 0.0184% / 1h	5m 19s	$28K	$33K	10x
Short	Bybit CXMTUSDT	8.5900	−0.3158	pay 0.3158% / 8h	5m 19s	$971K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$354.8
Price spread: +0.111% → 0.000%: $11.07
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$359.73
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.75 bp	18.3 bp −$18	259.9 bp −$2,599	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
OKX CXMT-USDT-SWAP	−0.3492%	8h	8.5950	+0.169%	$1.3M	$5.8M	20x	as long as short
Bitget CXMTUSDT	−0.3380%	8h	8.5960	+0.181%	$684K	$1.1M	20x	as long as short
Bybit CXMTUSDTshort	−0.3158%	8h	8.5900	+0.111%	$971K	$1.4M	20x
Binance CXMTUSDT	−0.3114%	4h	8.5840	+0.041%	$4.1M	$9.8M	20x	as long as short
Gate CXMT_USDT	−0.2960%	1h	8.5620	−0.216%	$5.6M	$13.7M	50x	as long as short
Aster CXMTUSDT	−0.2644%	8h	8.5786	−0.022%	$137K	$70K	20x	as long as short
Polymarket Perps CXMT-USD	−0.1788%	1h	8.5585	−0.256%	$8K	$48K	10x	as long as short
tradeXYZ xyz:CXMT	−0.1560%	1h	8.5697	−0.126%	$55.9M	$9.9M	10x	as long as short
Ondo Perps CXMT-USD.Plong	−0.1469%	1h	8.5805	long leg	$28K	$33K	10x
SoDEX CXMT-USD	−0.0491%	1h	8.5795	−0.012%	$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
edgeX CXMTUSDC	−0.0100%	4h	8.5695	−0.129%	$459K	$267K	10x	as long as short
SunX CXMT-USDT	−0.0072%	4h	8.5829	+0.028%	$84	$2.3M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6600	+0.927%	$32K	$38K	10x	as long as short
Lighter CXMT	+0.0008%	1h	8.5830	+0.029%	$101K	$18K	5x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5820	+0.017%	$2K	$115K	20x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5900	+0.111%	$8K	$251K	50x	as long as short