Funding you earn now, next payment 04:00 UTC+0.1653%/8h= +181.0% APRpaid last 24h +0.107%
Price spread now: SoDEX against Binance−0.250%7-day average −0.162% · 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−$97as in the Price arb table
costs, in and out, $10k−$880.882% of the position
Funding, last 3 days (all we have)+0.147%+$15 on $10k
+Price spread, last 4 days (all we have)−0.095%−$10 · spread now −0.250%, 7d avg −0.162%
=Funding pays, the price is against you. SoDEX is 0.088% cheaper against Binance than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of −0.162%). If the spread goes back, that is −$9 on $10k: about 4 hours of funding at the current rate (+$50 a day). At the pace of the last 3 days (+0.147% in total) that is about 48 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.147% in total (about 16.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CXMTUSDT | 8.6912 | −0.4287 | get 0.2143% / 4h | 17m 40s | $4.5M | $8.7M | 20x |
| Short | SoDEX CXMT-USD | 8.6695 | −0.2633 | pay 0.0329% / 1h | 17m 40s | $231K | $9K | 5x |
Binance CXMTUSDT
SoDEX CXMT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $347.15
- Price spread: −0.250% → −0.162%
- −$8.78
- Slippage, 4 orders
- −$70.24
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $250.13
- Costs to cover
- 0.882%
- Break-even
- 2.0 days
Slippage from Binance: live order book, 7 min ago; SoDEX: live order book, 41 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 Binance live order book, 7 min ago | 1.15 bp | 14.1 bp −$14 | 40.5 bp −$405 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 41 min ago | 0.81 bp | 27.4 bp −$27 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CXMTUSDT | −0.4607% | 8h | 8.6750 | −0.187% | $1.0M | $1.0M | 20x | as long as short |
| Binance CXMTUSDTlong | −0.4287% | 4h | 8.6912 | long leg | $4.5M | $8.7M | 20x | |
| Polymarket Perps CXMT-USD | −0.3899% | 1h | 8.6829 | −0.096% | $8K | $50K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.3707% | 1h | 8.6733 | −0.206% | $56.5M | $8.9M | 10x | as long as short |
| Popdex CXMTUSDT | −0.3544% | 1h | 8.6960 | +0.055% | $1K | $115K | 20x | as long as short |
| Gate CXMT_USDT | −0.2928% | 1h | 8.6680 | −0.267% | $5.9M | $13.0M | 50x | as long as short |
| SoDEX CXMT-USDshort | −0.2633% | 1h | 8.6695 | −0.250% | $231K | $9K | 5x | |
| Ondo Perps CXMT-USD.P | −0.2590% | 1h | 8.6498 | −0.477% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2377% | 8h | 8.6740 | −0.198% | $1.5M | $5.2M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2279% | 8h | 8.6780 | −0.152% | $595K | $838K | 20x | as long as short |
Bybit CXMTUSDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Popdex CXMTUSDT
Gate CXMT_USDT
Ondo Perps CXMT-USD.P
OKX CXMT-USDT-SWAP
Bitget CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CXMTUSDT | −0.1975% | 8h | 8.6860 | −0.060% | $139K | $100K | 20x | as long as short |
| Lighter CXMT | −0.1536% | 1h | 8.6869 | −0.050% | $102K | $18K | 5x | as long as short |
| SunX CXMT-USDT | −0.1496% | 4h | 8.6940 | +0.032% | $85 | $2.4M | 10x | as long as short |
| ApeX Omni CXMTUSDT | −0.1382% | 1h | 8.7000 | +0.101% | $8K | $250K | 50x | as long as short |
| edgeX CXMTUSDC | −0.0097% | 4h | 8.6839 | −0.084% | $439K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7448 | +0.616% | $32K | $37K | 10x | as long as short |
Aster CXMTUSDT
Lighter CXMT
SunX CXMT-USDT
ApeX Omni CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT