Funding you earn now, next payment 04:00 UTC−0.3155%/8h= −345.5% APRpaid last 24h +0.033%
Price spread now: Popdex against Bitget+0.196%55s7-day average +0.004% · 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—prices read too far apart to compare
costs, in and out, $10k−$810.810% of the position
Funding, last 4 days (all we have)+0.005%+$1 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.196%, 7d avg +0.004%
=The price spread pays, funding is against you. Popdex is 0.191% dearer against Bitget than usual: you sell high and buy low (spread +0.196% now, against its 7-day average of +0.004%): +$19 on $10k if it goes back. Holding the pair costs −$95 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.005% in total (about 0.5% 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 | Bitget CXMTUSDT | 8.6880 | −0.1885 | get 0.1885% / 8h | 4h 43m | $595K | $862K | 20x |
| Short | Popdex CXMTUSDT | 8.7050 | −0.5040 | pay 0.0630% / 1h | 43m 42s | $1K | $115K | 20x |
Bitget CXMTUSDT
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$662.55
- Price spread: +0.196% → +0.004%
- $19.12
- Slippage, 4 orders
- −$62.57
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$724.4
- Costs to cover
- 0.810%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 12 min ago; Popdex: live order book, 15 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, 12 min ago | 2.88 bp | 21.5 bp −$21 | 61.2 bp −$612 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 15 min ago | 7.47 bp | 17.0 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Popdex CXMTUSDTshort | −0.5040% | 1h | 8.7050 | +0.196% | $1K | $115K | 20x | |
| Bybit CXMTUSDT | −0.4484% | 8h | 8.6850 | −0.035% | $978K | $830K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.4399% | 1h | 8.7191 | +0.358% | $8K | $49K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.4194% | 1h | 8.6829 | −0.059% | $56.5M | $8.9M | 10x | as long as short |
| Binance CXMTUSDT | −0.3914% | 4h | 8.7050 | +0.196% | $4.4M | $8.7M | 20x | as long as short |
| Gate CXMT_USDT | −0.3672% | 1h | 8.6730 | −0.173% | $5.7M | $12.3M | 50x | as long as short |
| SoDEX CXMT-USD | −0.3578% | 1h | 8.6925 | +0.052% | $231K | $9K | 5x | as long as short |
| Ondo Perps CXMT-USD.P | −0.2985% | 1h | 8.7080 | +0.230% | $29K | $33K | 10x | as long as short |
| ApeX Omni CXMTUSDT | −0.2163% | 1h | 8.7500 | +0.714% | $8K | $250K | 50x | as long as short |
| Bitget CXMTUSDTlong | −0.1885% | 8h | 8.6880 | long leg | $595K | $862K | 20x |
Bybit CXMTUSDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Binance CXMTUSDT
Gate CXMT_USDT
SoDEX CXMT-USD
Ondo Perps CXMT-USD.P
ApeX Omni CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX CXMT-USDT-SWAP | −0.1871% | 8h | 8.6900 | +0.023% | $1.5M | $5.1M | 20x | as long as short |
| Lighter CXMT | −0.1840% | 1h | 8.7116 | +0.272% | $102K | $15K | 5x | as long as short |
| SunX CXMT-USDT | −0.1735% | 4h | 8.7116 | +0.272% | $85 | $2.4M | 10x | as long as short |
| Aster CXMTUSDT | −0.1666% | 8h | 8.7000 | +0.138% | $141K | $99K | 20x | as long as short |
| edgeX CXMTUSDC | −0.0015% | 4h | 8.7041 | +0.186% | $440K | $242K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7617 | +0.848% | $32K | $37K | 10x | as long as short |
OKX CXMT-USDT-SWAP
Lighter CXMT
SunX CXMT-USDT
Aster CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT