Funding you earn now, next payment 04:00 UTC+0.2198%/8h= +240.7% APRpaid last 24h +0.148%
Price spread now: Lighter against Binance+0.106%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.106%, 7d avg −0.035%
=Together, before fees+0.257%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$66 a day on $10k at the current rate, and Lighter is 0.141% dearer against Binance than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.035%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.283% in total (about 14.8% 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 | Binance CXMTUSDT | 8.7090 | −0.4086 | get 0.2043% / 4h | 36m 25s | $4.5M | $8.6M | 20x |
| Short | Lighter CXMT | 8.7182 | −0.1888 | pay 0.0236% / 1h | 36m 25s | $102K | $18K | 5x |
Binance CXMTUSDT
Lighter CXMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $461.6
- Price spread: +0.106% → −0.035%
- $14.09
- Slippage, 4 orders
- −$82.17
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $383.53
- Costs to cover
- 0.922%
- Break-even
- 1.2 days
Slippage from Binance: live order book, 3 min ago; Lighter: live order book, 59 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 Binance live order book, 3 min ago | 1.73 bp | 16.0 bp −$16 | 47.9 bp −$479 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 59 min ago | 15.27 bp | 44.9 bp −$45 | 86.6 bp −$866 | 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 CXMTUSDT | −0.4896% | 1h | 8.7030 | −0.069% | $1K | $115K | 20x | as long as short |
| Bybit CXMTUSDT | −0.4576% | 8h | 8.6930 | −0.184% | $1.0M | $905K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.4335% | 1h | 8.7187 | +0.111% | $8K | $49K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.4143% | 1h | 8.6873 | −0.249% | $56.5M | $8.9M | 10x | as long as short |
| Binance CXMTUSDTlong | −0.4086% | 4h | 8.7090 | long leg | $4.5M | $8.6M | 20x | |
| SoDEX CXMT-USD | −0.3391% | 1h | 8.6895 | −0.224% | $231K | $9K | 5x | as long as short |
| Gate CXMT_USDT | −0.3352% | 1h | 8.6840 | −0.287% | $5.8M | $12.6M | 50x | as long as short |
| Ondo Perps CXMT-USD.P | −0.2889% | 1h | 8.7031 | −0.068% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2055% | 8h | 8.6970 | −0.138% | $1.4M | $5.1M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2039% | 8h | 8.6930 | −0.184% | $593K | $844K | 20x | as long as short |
Popdex CXMTUSDT
Bybit CXMTUSDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
SoDEX CXMT-USD
Gate CXMT_USDT
Ondo Perps CXMT-USD.P
OKX CXMT-USDT-SWAP
Bitget CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CXMTUSDT | −0.1972% | 1h | 8.6900 | −0.218% | $8K | $250K | 50x | as long as short |
| Lighter CXMTshort | −0.1888% | 1h | 8.7182 | +0.106% | $102K | $18K | 5x | |
| Aster CXMTUSDT | −0.1798% | 8h | 8.7010 | −0.092% | $141K | $99K | 20x | as long as short |
| SunX CXMT-USDT | −0.1728% | 4h | 8.7105 | +0.017% | $85 | $2.4M | 10x | as long as short |
| edgeX CXMTUSDC | −0.0026% | 4h | 8.6763 | −0.375% | $439K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7772 | +0.783% | $32K | $37K | 10x | as long as short |
ApeX Omni CXMTUSDT
Aster CXMTUSDT
SunX CXMT-USDT
edgeX CXMTUSDC
HTX CXMT-USDT