Funding you earn now, next payment 05:00 UTC+0.3285%/8h= +359.7% APRpaid last 24h +0.132%
Price spread now: Lighter against Bybit−0.031%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.031%, 7d avg +0.060%
=Together, before fees+0.293%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.091% cheaper against Bybit than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.060%). If the spread goes back, that is −$9 on $10k: about 2 hours of funding at the current rate (+$99 a day). At the pace of the last 7 days (+0.218% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.218% in total (about 11.4% 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 | Bybit CXMTUSDT | 8.6190 | −0.3901 | get 0.3901% / 8h | 3h 13m | $1.0M | $1.1M | 20x |
| Short | Lighter CXMT | 8.6163 | −0.0616 | pay 0.0077% / 1h | 13m 43s | $101K | $18K | 5x |
Bybit CXMTUSDT
Lighter CXMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $689.8
- Price spread: −0.031% → +0.060%
- −$9.09
- Slippage, 4 orders
- −$87.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $581.92
- Costs to cover
- 0.988%
- Break-even
- 1.1 days
Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 12 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 Bybit live order book, 2 min ago | 1.74 bp | 16.1 bp −$16 | 246.9 bp −$2,469 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 17.38 bp | 40.3 bp −$40 | 97.1 bp −$971 | 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 | −0.4235% | 4h | 8.6170 | −0.023% | $4.4M | $8.9M | 20x | as long as short |
| Bybit CXMTUSDTlong | −0.3901% | 8h | 8.6190 | long leg | $1.0M | $1.1M | 20x | |
| Ondo Perps CXMT-USD.P | −0.3176% | 1h | 8.5809 | −0.442% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2901% | 8h | 8.6170 | −0.023% | $1.4M | $5.3M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2523% | 8h | 8.6180 | −0.012% | $601K | $827K | 20x | as long as short |
| tradeXYZ xyz:CXMT | −0.2074% | 1h | 8.6090 | −0.116% | $56.2M | $9.1M | 10x | as long as short |
| Gate CXMT_USDT | −0.2040% | 1h | 8.6150 | −0.046% | $5.9M | $13.5M | 50x | as long as short |
| Aster CXMTUSDT | −0.1909% | 8h | 8.6425 | +0.273% | $139K | $100K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.1672% | 1h | 8.6129 | −0.071% | $10K | $47K | 10x | as long as short |
| SoDEX CXMT-USD | −0.1081% | 1h | 8.6130 | −0.070% | $229K | $9K | 5x | as long as short |
Binance CXMTUSDT
Ondo Perps CXMT-USD.P
OKX CXMT-USDT-SWAP
Bitget CXMTUSDT
tradeXYZ xyz:CXMT
Gate CXMT_USDT
Aster CXMTUSDT
Polymarket Perps CXMT-USD
SoDEX CXMT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CXMTshort | −0.0616% | 1h | 8.6163 | −0.031% | $101K | $18K | 5x | |
| edgeX CXMTUSDC | −0.0094% | 4h | 8.6085 | −0.122% | $435K | $242K | 10x | as long as short |
| Popdex CXMTUSDT | −0.0032% | 1h | 8.6180 | −0.012% | $2K | $115K | 20x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.6211 | +0.024% | $84 | $2.4M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6616 | +0.494% | $32K | $37K | 10x | as long as short |
| ApeX Omni CXMTUSDT | +0.0090% | 1h | 8.6100 | −0.104% | $8K | $251K | 50x | as long as short |
edgeX CXMTUSDC
Popdex CXMTUSDT
SunX CXMT-USDT
HTX CXMT-USDT
ApeX Omni CXMTUSDT