Funding you earn now, next payment 08:00 UTC−0.0434%/8h= −47.5% APRnext payment −$4.34 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against Bitget−0.012%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$730.733% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.012%, 7d avg −0.042%
=The price spread pays, funding is against you. Bybit is 0.031% dearer against Bitget than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.042%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.081% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.34 per $10,000. 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 | Bitget CXMTUSDT | 8.5810 | −0.3623 | get 0.3623% / 8h | 1h 37m | $620K | $850K | 20x |
| Short | Bybit CXMTUSDT | 8.5800 | −0.4057 | pay 0.4057% / 8h | 1h 37m | $1.1M | $1.1M | 20x |
Bitget CXMTUSDT
Bybit CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- −$91.07
- Price spread: −0.012% → −0.042%
- $3.05
- Slippage, 4 orders
- −$50.3
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$161.32
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 3 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 Bitget live order book, 3 min ago | 2.91 bp | 16.3 bp −$16 | 41.1 bp −$411 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.91 bp | 21.9 bp −$22 | 203.1 bp −$2,031 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CXMTUSDT | −0.4548% | 4h | 8.5790 | −0.023% | $4.2M | $9.3M | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.4095% | 8h | 8.5830 | +0.023% | $1.3M | $5.5M | 20x | as long as short |
| Bybit CXMTUSDTshort | −0.4057% | 8h | 8.5800 | −0.012% | $1.1M | $1.1M | 20x | |
| Bitget CXMTUSDTlong | −0.3623% | 8h | 8.5810 | long leg | $620K | $850K | 20x | |
| Aster CXMTUSDT | −0.3092% | 8h | 8.6090 | +0.326% | $138K | $87K | 20x | as long as short |
| Gate CXMT_USDT | −0.2736% | 1h | 8.5620 | −0.221% | $5.7M | $13.4M | 50x | as long as short |
| Popdex CXMTUSDT | −0.2592% | 1h | 8.5830 | +0.023% | $2K | $116K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.2539% | 1h | 8.5787 | −0.027% | $8K | $50K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.2369% | 1h | 8.5755 | −0.064% | $55.9M | $9.8M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1871% | 1h | 8.5428 | −0.445% | $29K | $33K | 10x | as long as short |
Binance CXMTUSDT
OKX CXMT-USDT-SWAP
Aster CXMTUSDT
Gate CXMT_USDT
Popdex CXMTUSDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Ondo Perps CXMT-USD.PShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CXMT-USD | −0.1485% | 1h | 8.5774 | −0.042% | $228K | $9K | 5x | as long as short |
| SunX CXMT-USDT | −0.1147% | 4h | 8.5850 | +0.047% | $84 | $2.4M | 10x | as long as short |
| Lighter CXMT | −0.0632% | 1h | 8.5845 | +0.041% | $101K | $18K | 5x | as long as short |
| edgeX CXMTUSDC | −0.0005% | 4h | 8.5733 | −0.090% | $442K | $250K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6504 | +0.809% | $32K | $39K | 10x | as long as short |
| ApeX Omni CXMTUSDT | +0.0023% | 1h | 8.6100 | +0.338% | $8K | $251K | 50x | as long as short |
SoDEX CXMT-USD
SunX CXMT-USDT
Lighter CXMT
edgeX CXMTUSDC
HTX CXMT-USDT
ApeX Omni CXMTUSDT