Funding you earn now, next payment 07:00 UTC+0.1733%/8h= +189.7% APRnext payment +$2.17 per $10,000 · paid last 24h +0.106%
Price spread now: Lighter against tradeXYZ+0.105%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1021.025% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.105%, 7d avg +0.163%
=Together, before fees+0.278%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.058% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.105% now, against its 7-day average of +0.163%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$52 a day). At the pace of the last 7 days (+0.227% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.227% in total (about 11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.17 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 | tradeXYZ xyz:CXMT | 8.5751 | −0.2317 | get 0.0290% / 1h | 40m 00s | $55.9M | $9.9M | 10x |
| Short | Lighter CXMT | 8.5841 | −0.0584 | pay 0.0073% / 1h | 40m 00s | $101K | $18K | 5x |
tradeXYZ xyz:CXMT
Lighter CXMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $363.87
- Price spread: +0.105% → +0.163%
- −$5.82
- Slippage, 4 orders
- −$84.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $255.55
- Costs to cover
- 1.025%
- Break-even
- 2.1 days
Slippage from tradeXYZ: live order book, 10 min ago; Lighter: live order book, 41 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 tradeXYZ live order book, 10 min ago | 1.80 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 41 min ago | 17.80 bp | 38.8 bp −$39 | 80.8 bp −$808 | 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 | −0.4562% | 4h | 8.5793 | +0.049% | $4.2M | $9.3M | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.4082% | 8h | 8.5800 | +0.057% | $1.3M | $5.4M | 20x | as long as short |
| Bybit CXMTUSDT | −0.4065% | 8h | 8.5850 | +0.115% | $1.1M | $1.1M | 20x | as long as short |
| Bitget CXMTUSDT | −0.3603% | 8h | 8.5790 | +0.045% | $620K | $851K | 20x | as long as short |
| Aster CXMTUSDT | −0.3070% | 8h | 8.6090 | +0.395% | $138K | $87K | 20x | as long as short |
| Gate CXMT_USDT | −0.2648% | 1h | 8.5620 | −0.153% | $5.7M | $13.4M | 50x | as long as short |
| Polymarket Perps CXMT-USD | −0.2465% | 1h | 8.5806 | +0.064% | $8K | $50K | 10x | as long as short |
| Popdex CXMTUSDT | −0.2416% | 1h | 8.5820 | +0.080% | $2K | $116K | 20x | as long as short |
| tradeXYZ xyz:CXMTlong | −0.2317% | 1h | 8.5751 | long leg | $55.9M | $9.9M | 10x | |
| Ondo Perps CXMT-USD.P | −0.1779% | 1h | 8.5766 | +0.017% | $29K | $33K | 10x | as long as short |
Binance CXMTUSDT
OKX CXMT-USDT-SWAP
Bybit CXMTUSDT
Bitget CXMTUSDT
Aster CXMTUSDT
Gate CXMT_USDT
Polymarket Perps CXMT-USD
Popdex CXMTUSDT
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 | −0.1399% | 1h | 8.5744 | −0.008% | $228K | $9K | 5x | as long as short |
| SunX CXMT-USDT | −0.1157% | 4h | 8.5850 | +0.115% | $84 | $2.4M | 10x | as long as short |
| Lighter CXMTshort | −0.0584% | 1h | 8.5841 | +0.105% | $101K | $18K | 5x | |
| edgeX CXMTUSDC | −0.0028% | 4h | 8.5743 | −0.009% | $434K | $243K | 10x | as long as short |
| ApeX Omni CXMTUSDT | −0.0012% | 1h | 8.5800 | +0.057% | $8K | $251K | 50x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6600 | +0.990% | $32K | $39K | 10x | as long as short |
SoDEX CXMT-USD
SunX CXMT-USDT
edgeX CXMTUSDC
ApeX Omni CXMTUSDT
HTX CXMT-USDT