Funding you earn now, next payment 03:00 UTC−0.3960%/8h= −433.6% APRnext payment −$4.95 per $10,000 · paid last 24h −0.055%
Price spread now: Popdex against Lighter−0.230%7-day average −0.007% · 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−$113as in the Price arb table
costs, in and out, $10k−$910.906% of the position
Funding, last 4 days (all we have)−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.230%, 7d avg −0.007%
=Together, before fees+0.180%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$119 a day on $10k at the current rate, and Popdex is 0.223% cheaper against Lighter than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.096% in total (about -9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.95 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 | Lighter CXMT | 8.7381 | −0.2832 | get 0.0354% / 1h | 5m 54s | $102K | $21K | 5x |
| Short | Popdex CXMTUSDT | 8.7180 | −0.6792 | pay 0.0849% / 1h | 5m 54s | $1K | $115K | 20x |
Lighter CXMT
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$831.6
- Price spread: −0.230% → −0.007%
- −$22.29
- Slippage, 4 orders
- −$84.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$944.52
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 30 min ago; Popdex: live order book, 58 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, 30 min ago | 15.27 bp | 16.9 bp −$17 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 58 min ago | 2.33 bp | 14.6 bp −$15 | 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 | −0.6792% | 1h | 8.7180 | −0.230% | $1K | $115K | 20x | |
| Polymarket Perps CXMT-USD | −0.4764% | 1h | 8.7896 | +0.589% | $8K | $49K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.4635% | 1h | 8.7012 | −0.422% | $56.5M | $8.3M | 10x | as long as short |
| Bybit CXMTUSDT | −0.3986% | 8h | 8.6940 | −0.505% | $976K | $738K | 20x | as long as short |
| Ondo Perps CXMT-USD.P | −0.3837% | 1h | 8.7321 | −0.069% | $29K | $33K | 10x | as long as short |
| SoDEX CXMT-USD | −0.3565% | 1h | 8.7002 | −0.434% | $231K | $9K | 5x | as long as short |
| Gate CXMT_USDT | −0.3312% | 1h | 8.6890 | −0.562% | $5.7M | $12.3M | 50x | as long as short |
| Binance CXMTUSDT | −0.3083% | 4h | 8.7016 | −0.418% | $4.5M | $8.5M | 20x | as long as short |
| Lighter CXMTlong | −0.2832% | 1h | 8.7381 | long leg | $102K | $21K | 5x | |
| ApeX Omni CXMTUSDT | −0.1803% | 1h | 8.7600 | +0.251% | $8K | $250K | 50x | as long as short |
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Bybit CXMTUSDT
Ondo Perps CXMT-USD.P
SoDEX CXMT-USD
Gate CXMT_USDT
Binance CXMTUSDT
ApeX Omni CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX CXMT-USDT | −0.1632% | 4h | 8.7259 | −0.140% | $86 | $2.4M | 10x | as long as short |
| Bitget CXMTUSDT | −0.1317% | 8h | 8.6990 | −0.447% | $599K | $829K | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.1303% | 8h | 8.6910 | −0.539% | $1.4M | $5.1M | 20x | as long as short |
| Aster CXMTUSDT | −0.1148% | 8h | 8.7550 | +0.193% | $145K | $104K | 20x | as long as short |
| edgeX CXMTUSDC | −0.0032% | 4h | 8.7202 | −0.205% | $441K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7974 | +0.679% | $32K | $37K | 10x | as long as short |
SunX CXMT-USDT
Bitget CXMTUSDT
OKX CXMT-USDT-SWAP
Aster CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT