Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.071%
Price spread now: Bybit against Popdex−0.116%7-day average −0.047% · 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−$73as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 3 days (all we have)−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.116%, 7d avg −0.047%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.069% cheaper against Popdex than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex CXMTUSDT | 8.6030 | 0.0048 | pay 0.0006% / 1h | 43m 12s | $5K | $111K | 20x |
| Short | Bybit CXMTUSDT | 8.5930 | 0 | get 0.0000% / 8h | 43m 12s | $973K | $697K | 20x |
Popdex CXMTUSDT
Bybit CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Popdex. 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
- −$10.08
- Price spread: −0.116% → −0.047%
- −$6.91
- Slippage, 4 orders
- −$49.16
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$83.55
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 35 min ago; Bybit: live order book, 32 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 Popdex live order book, 35 min ago | 2.33 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 32 min ago | 4.08 bp | 17.3 bp −$17 | 474.2 bp −$4,742 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CXMTUSDC | −0.0043% | 4h | 8.5935 | −0.111% | $435K | $242K | 10x | as long as short |
| Aster CXMTUSDT | 0.0000% | 8h | 8.5893 | −0.160% | $166K | $69K | 20x | as long as short |
| Bybit CXMTUSDTshort | 0.0000% | 8h | 8.5930 | −0.116% | $973K | $697K | 20x | |
| OKX CXMT-USDT-SWAP | 0.0000% | 8h | 8.5980 | −0.058% | $1.2M | $5.6M | 20x | as long as short |
| Bitget CXMTUSDT | 0.0000% | 8h | 8.5960 | −0.081% | $544K | $879K | 20x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.6070 | +0.046% | $84 | $2.6M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6642 | +0.711% | $31K | $38K | 10x | as long as short |
| Popdex CXMTUSDTlong | +0.0048% | 1h | 8.6030 | long leg | $5K | $111K | 20x | |
| Binance CXMTUSDT | +0.0067% | 4h | 8.6020 | −0.012% | $4.0M | $8.9M | 20x | as long as short |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.6000 | −0.035% | $8K | $249K | 50x | as long as short |
edgeX CXMTUSDC
Aster CXMTUSDT
OKX CXMT-USDT-SWAP
Bitget CXMTUSDT
SunX CXMT-USDT
HTX CXMT-USDT
Binance CXMTUSDT
ApeX Omni CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CXMT-USD | +0.0278% | 1h | 8.5916 | −0.133% | $228K | $9K | 5x | as long as short |
| Polymarket Perps CXMT-USD | +0.0574% | 1h | 8.5886 | −0.167% | $8K | $47K | 10x | as long as short |
| Gate CXMT_USDT | +0.0728% | 1h | 8.5940 | −0.105% | $4.8M | $13.2M | 50x | as long as short |
| Lighter CXMT | +0.0792% | 1h | 8.6053 | +0.027% | $102K | $29K | 5x | as long as short |
| tradeXYZ xyz:CXMT | +0.1080% | 1h | 8.5900 | −0.151% | $55.3M | $8.3M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | +0.1571% | 1h | 8.5992 | −0.044% | $23K | $50K | 10x | as long as short |
SoDEX CXMT-USD
Polymarket Perps CXMT-USD
Gate CXMT_USDT
Lighter CXMT
tradeXYZ xyz:CXMT
Ondo Perps CXMT-USD.P