Funding arb · Price arb /

CXMT

RWAall CXMT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.094%

Price spread now: SunX against SoDEX+0.313%7-day average +0.185% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1251.248% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.275%−$28 · spread now +0.313%, 7d avg +0.185%

Together, before fees−0.282%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.128% dearer against SoDEX than usual: you sell high and buy low (spread +0.313% now, against its 7-day average of +0.185%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 3 days (−0.007% in total) that is about 59 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CXMT-USD	8.5822	0.0050	pay 0.0006% / 1h	45m 02s	$228K	$9K	5x
Short	SunX CXMT-USDT	8.6091	0	get 0.0000% / 4h	3h 45m	$84	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.313%Rate

Funding earned: −$10.5
Price spread: +0.313% → +0.185%: $12.8
Slippage, 4 orders: −$108.81
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$122.51
Costs to cover: 1.248%
Break-even: never at this rate

Slippage from SoDEX: live order book, 28 min ago; SunX: 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 SoDEX live order book, 28 min ago	1.98 bp	28.9 bp −$29	1530.3 bp −$15.3K	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	22.65 bp	40.7 bp −$41	70.3 bp −$703	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
Polymarket Perps CXMT-USD	−0.0144%	1h	8.5826	+0.005%	$8K	$45K	10x	as long as short
edgeX CXMTUSDC	−0.0075%	4h	8.5807	−0.018%	$434K	$241K	10x	as long as short
Aster CXMTUSDT	0.0000%	8h	8.5978	+0.181%	$166K	$72K	20x	as long as short
Bybit CXMTUSDT	0.0000%	8h	8.5950	+0.149%	$967K	$671K	20x	as long as short
OKX CXMT-USDT-SWAP	0.0000%	8h	8.5900	+0.091%	$1.2M	$5.4M	20x	as long as short
Bitget CXMTUSDT	0.0000%	8h	8.5980	+0.184%	$571K	$890K	20x	as long as short
SunX CXMT-USDTshort	0.0000%	4h	8.6091	+0.313%	$84	$2.6M	10x
HTX CXMT-USDT	0.0000%	4h	8.6659	+0.975%	$31K	$38K	10x	as long as short
Binance CXMTUSDT	+0.0017%	4h	8.6000	+0.207%	$4.0M	$8.8M	20x	as long as short
Lighter CXMT	+0.0032%	1h	8.6003	+0.211%	$102K	$24K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CXMT_USDT	+0.0032%	1h	8.5880	+0.068%	$4.8M	$12.4M	50x	as long as short
Popdex CXMTUSDT	+0.0048%	1h	8.6010	+0.219%	$5K	$111K	20x	as long as short
tradeXYZ xyz:CXMT	+0.0050%	1h	8.5858	+0.042%	$55.2M	$8.3M	10x	as long as short
SoDEX CXMT-USDlong	+0.0050%	1h	8.5822	long leg	$228K	$9K	5x
Ondo Perps CXMT-USD.P	+0.0050%	1h	8.5900	+0.091%	$23K	$50K	10x	as long as short
ApeX Omni CXMTUSDT	+0.0100%	1h	8.6000	+0.207%	$8K	$250K	50x	as long as short