Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0831%/8h= −91.0% APRpaid last 24h −0.104%

Price spread now: OKX against Ondo Perps−0.072%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and OKX is 0.072% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CXMT-USD.P	8.5922	0.0831	pay 0.0104% / 1h	13m 03s	$23K	$50K	10x
Short	OKX CXMT-USDT-SWAP	8.5860	0	get 0.0000% / 8h	13m 03s	$1.2M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$174.55
Price spread: −0.072% → 0.000%: −$7.22
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$196.77
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	1.16 bp	14.3 bp −$14	114.1 bp −$1,141	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
edgeX CXMTUSDC	−0.0070%	4h	8.5776	−0.170%	$434K	$242K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5880	−0.049%	$166K	$69K	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5840	−0.095%	$972K	$677K	20x	as long as short
OKX CXMT-USDT-SWAPshort	0.0000%	8h	8.5860	−0.072%	$1.2M	$5.6M	20x
Bitget CXMTUSDT	0.0000%	8h	8.5880	−0.049%	$542K	$875K	20x	as long as short
SunX CXMT-USDT	0.0000%	4h	8.5946	+0.028%	$84	$2.6M	10x	as long as short
HTX CXMT-USDT	0.0000%	4h	8.6598	+0.787%	$32K	$37K	10x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.5890	−0.037%	$5K	$111K	20x	as long as short
Polymarket Perps CXMT-USD	+0.0050%	1h	8.5716	−0.240%	$8K	$46K	10x	as long as short
SoDEX CXMT-USD	+0.0050%	1h	8.5758	−0.191%	$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	+0.0067%	4h	8.5896	−0.031%	$4.0M	$8.9M	20x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.5900	−0.026%	$8K	$250K	50x	as long as short
Lighter CXMT	+0.0160%	1h	8.5904	−0.021%	$101K	$29K	5x	as long as short
Gate CXMT_USDT	+0.0200%	1h	8.5800	−0.142%	$4.8M	$13.3M	50x	as long as short
tradeXYZ xyz:CXMT	+0.0334%	1h	8.5777	−0.169%	$55.2M	$8.3M	10x	as long as short
Ondo Perps CXMT-USD.Plong	+0.0831%	1h	8.5922	long leg	$23K	$50K	10x