Funding you earn now, next payment 11:00 UTC−0.0715%/8h= −78.3% APRnext payment −$0.89 per $10,000 · paid last 24h −0.066%
Price spread now: Popdex against SoDEX+0.103%7-day average +0.129% · 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−$88as in the Price arb table
costs, in and out, $10k−$850.852% of the position
Funding, last 4 days (all we have)−0.152%−$15 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.103%, 7d avg +0.129%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Popdex is 0.027% cheaper against SoDEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.129%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.152% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX CXMT-USD | 8.5722 | 0.0803 | pay 0.0100% / 1h | 48m 18s | $228K | $12K | 5x |
| Short | Popdex CXMTUSDT | 8.5810 | 0.0088 | get 0.0011% / 1h | 48m 18s | $2K | $114K | 20x |
SoDEX CXMT-USD
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against SoDEX. 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
- −$150.21
- Price spread: +0.103% → +0.129%
- −$2.68
- Slippage, 4 orders
- −$70.77
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$238.07
- Costs to cover
- 0.852%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 63 min ago; Popdex: live order book, 63 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 SoDEX live order book, 63 min ago | 2.64 bp | 31.8 bp −$32 | 1660.5 bp −$16.6K | doesn't fit | doesn't fit |
| Sell Popdex live order book, 63 min ago | 1.17 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
CXMT on 16 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CXMTUSDT | −0.1674% | 8h | 8.5770 | +0.056% | $661K | $1.1M | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.1629% | 8h | 8.5790 | +0.079% | $1.1M | $5.9M | 20x | as long as short |
| Aster CXMTUSDT | −0.1067% | 8h | 8.5572 | −0.176% | $137K | $71K | 20x | as long as short |
| Binance CXMTUSDT | −0.0267% | 4h | 8.5770 | +0.056% | $4.0M | $10.3M | 20x | as long as short |
| edgeX CXMTUSDC | −0.0004% | 4h | 8.5825 | +0.120% | $460K | $267K | 10x | as long as short |
| Bybit CXMTUSDT | 0.0000% | 8h | 8.5760 | +0.044% | $920K | $1.6M | 20x | as long as short |
| Gate CXMT_USDT | 0.0000% | 1h | 8.5770 | +0.056% | $5.2M | $14.4M | 50x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.5871 | +0.174% | $84 | $1.7M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6693 | +1.133% | $32K | $39K | 10x | as long as short |
| Polymarket Perps CXMT-USD | +0.0050% | 1h | 8.5732 | +0.012% | $8K | $45K | 10x | as long as short |
Bitget CXMTUSDT
OKX CXMT-USDT-SWAP
Aster CXMTUSDT
Binance CXMTUSDT
edgeX CXMTUSDC
Bybit CXMTUSDT
Gate CXMT_USDT
SunX CXMT-USDT
HTX CXMT-USDT
Polymarket Perps CXMT-USDShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex CXMTUSDTshort | +0.0088% | 1h | 8.5810 | +0.103% | $2K | $114K | 20x | |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.5900 | +0.208% | $8K | $253K | 50x | as long as short |
| Lighter CXMT | +0.0272% | 1h | 8.5828 | +0.124% | $101K | $15K | 5x | as long as short |
| Ondo Perps CXMT-USD.P | +0.0590% | 1h | 8.5737 | +0.017% | $28K | $41K | 10x | as long as short |
| SoDEX CXMT-USDlong | +0.0803% | 1h | 8.5722 | long leg | $228K | $12K | 5x | |
| tradeXYZ xyz:CXMT | +0.1456% | 1h | 8.5732 | +0.012% | $55.8M | $10.0M | 10x | as long as short |
ApeX Omni CXMTUSDT
Lighter CXMT
Ondo Perps CXMT-USD.P
tradeXYZ xyz:CXMT