Funding you earn now, next payment 07:00 UTC−0.3379%/8h= −370.0% APRpaid last 24h −0.126%
Price spread now: OKX against Lighter−0.048%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$920.917% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.048%, 7d avg −0.068%
=Together, before fees−0.075%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.020% dearer against Lighter than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.068%): +$2 on $10k if it goes back. Holding the pair costs −$101 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−0.086% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% 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 | Lighter CXMT | 8.5971 | −0.0728 | get 0.0091% / 1h | 1m 48s | $101K | $18K | 5x |
| Short | OKX CXMT-USDT-SWAP | 8.5930 | −0.4107 | pay 0.4107% / 8h | 1h 01m | $1.3M | $5.7M | 20x |
Lighter CXMT
OKX CXMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Lighter. 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
- −$709.63
- Price spread: −0.048% → −0.068%
- $2.02
- Slippage, 4 orders
- −$81.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$799.27
- Costs to cover
- 0.917%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 14 min ago; OKX: live order book, 1 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 Lighter live order book, 14 min ago | 14.14 bp | 24.4 bp −$24 | 69.5 bp −$695 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.16 bp | 15.4 bp −$15 | 127.8 bp −$1,278 | 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 | −0.4233% | 4h | 8.5910 | −0.071% | $4.2M | $9.6M | 20x | as long as short |
| OKX CXMT-USDT-SWAPshort | −0.4107% | 8h | 8.5930 | −0.048% | $1.3M | $5.7M | 20x | |
| Bybit CXMTUSDT | −0.3864% | 8h | 8.5930 | −0.048% | $1.1M | $1.1M | 20x | as long as short |
| Bitget CXMTUSDT | −0.3713% | 8h | 8.5900 | −0.083% | $638K | $860K | 20x | as long as short |
| Aster CXMTUSDT | −0.3266% | 8h | 8.6060 | +0.104% | $138K | $78K | 20x | as long as short |
| Gate CXMT_USDT | −0.2816% | 1h | 8.5700 | −0.315% | $5.7M | $13.8M | 50x | as long as short |
| Popdex CXMTUSDT | −0.2768% | 1h | 8.5900 | −0.083% | $2K | $115K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.2668% | 1h | 8.5991 | +0.023% | $8K | $48K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.2461% | 1h | 8.5796 | −0.204% | $55.9M | $9.8M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1896% | 1h | 8.5845 | −0.147% | $29K | $33K | 10x | as long as short |
Binance CXMTUSDT
Bybit CXMTUSDT
Bitget CXMTUSDT
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 | −0.1631% | 1h | 8.5875 | −0.112% | $228K | $9K | 5x | as long as short |
| SunX CXMT-USDT | −0.0740% | 4h | 8.5955 | −0.019% | $84 | $2.3M | 10x | as long as short |
| Lighter CXMTlong | −0.0728% | 1h | 8.5971 | long leg | $101K | $18K | 5x | |
| edgeX CXMTUSDC | −0.0060% | 4h | 8.5740 | −0.269% | $459K | $267K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6636 | +0.774% | $32K | $38K | 10x | as long as short |
| ApeX Omni CXMTUSDT | +0.0005% | 1h | 8.5900 | −0.083% | $8K | $252K | 50x | as long as short |
SoDEX CXMT-USD
SunX CXMT-USDT
edgeX CXMTUSDC
HTX CXMT-USDT
ApeX Omni CXMTUSDT