Funding you earn now, next payment 07:00 UTC+0.1533%/8h= +167.9% APRpaid last 24h −0.006%
Price spread now: Popdex against Bybit+0.012%7-day average +0.050% · 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−$73as in the Price arb table
costs, in and out, $10k−$690.688% of the position
Funding, last 4 days (all we have)−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.012%, 7d avg +0.050%
=Funding pays, the price is against you. Popdex is 0.038% cheaper against Bybit than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.050%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$46 a day). Mind the row above: over the last 4 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.117% in total (about -11.6% 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 | 8.5810 | −0.4061 | get 0.4061% / 8h | 1h 38m | $1.1M | $1.1M | 20x |
| Short | Popdex CXMTUSDT | 8.5820 | −0.2528 | pay 0.0316% / 1h | 38m 24s | $2K | $116K | 20x |
Bybit CXMTUSDT
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $321.98
- Price spread: +0.012% → +0.050%
- −$3.84
- Slippage, 4 orders
- −$51.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $249.32
- Costs to cover
- 0.688%
- Break-even
- 1.6 days
Slippage from Bybit: live order book, 2 min ago; Popdex: live order book, 5 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 | 2.91 bp | 18.2 bp −$18 | 205.6 bp −$2,056 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 5 min ago | 2.33 bp | 12.5 bp −$12 | doesn't fit | 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 | −0.4551% | 4h | 8.5800 | −0.012% | $4.2M | $9.3M | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.4095% | 8h | 8.5820 | +0.012% | $1.3M | $5.5M | 20x | as long as short |
| Bybit CXMTUSDTlong | −0.4061% | 8h | 8.5810 | long leg | $1.1M | $1.1M | 20x | |
| Bitget CXMTUSDT | −0.3616% | 8h | 8.5790 | −0.023% | $620K | $851K | 20x | as long as short |
| Aster CXMTUSDT | −0.3080% | 8h | 8.6090 | +0.326% | $138K | $87K | 20x | as long as short |
| Gate CXMT_USDT | −0.2704% | 1h | 8.5640 | −0.198% | $5.7M | $13.4M | 50x | as long as short |
| Popdex CXMTUSDTshort | −0.2528% | 1h | 8.5820 | +0.012% | $2K | $116K | 20x | |
| Polymarket Perps CXMT-USD | −0.2521% | 1h | 8.5901 | +0.106% | $8K | $50K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.2356% | 1h | 8.5763 | −0.055% | $55.9M | $9.8M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1850% | 1h | 8.5428 | −0.445% | $29K | $33K | 10x | as long as short |
Binance CXMTUSDT
OKX CXMT-USDT-SWAP
Bitget CXMTUSDT
Aster CXMTUSDT
Gate CXMT_USDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
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 | −0.1438% | 1h | 8.5759 | −0.059% | $228K | $9K | 5x | as long as short |
| SunX CXMT-USDT | −0.1146% | 4h | 8.5855 | +0.052% | $84 | $2.4M | 10x | as long as short |
| Lighter CXMT | −0.0608% | 1h | 8.5906 | +0.112% | $101K | $18K | 5x | as long as short |
| edgeX CXMTUSDC | −0.0010% | 4h | 8.5750 | −0.070% | $435K | $243K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6504 | +0.809% | $32K | $39K | 10x | as long as short |
| ApeX Omni CXMTUSDT | +0.0023% | 1h | 8.6100 | +0.338% | $8K | $251K | 50x | as long as short |
SoDEX CXMT-USD
SunX CXMT-USDT
Lighter CXMT
edgeX CXMTUSDC
HTX CXMT-USDT
ApeX Omni CXMTUSDT