Funding you earn now, next payment 05:00 UTC−0.1888%/8h= −206.8% APRpaid last 24h −0.046%
Price spread now: Bybit against Gate+0.105%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 7 days−0.133%−$13 · spread now +0.105%, 7d avg −0.018%
=The price spread pays, funding is against you. Bybit is 0.122% dearer against Gate than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.018%): +$12 on $10k if it goes back. Holding the pair costs −$57 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.427% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.427% in total (about -22.3% 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 | Gate CXMT_USDT | 8.6110 | −0.2104 | get 0.0263% / 1h | 19m 25s | $5.8M | $13.4M | 50x |
| Short | Bybit CXMTUSDT | 8.6200 | −0.3992 | pay 0.3992% / 8h | 3h 19m | $1.0M | $1.1M | 20x |
Gate CXMT_USDT
Bybit CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$396.57
- Price spread: +0.105% → −0.018%
- $12.22
- Slippage, 4 orders
- −$35.38
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$445.73
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 1 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 Gate live order book, 4 min ago | 2.90 bp | 16.4 bp −$16 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.74 bp | 20.3 bp −$20 | 243.6 bp −$2,436 | 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 | −0.4301% | 4h | 8.6170 | +0.070% | $4.5M | $8.9M | 20x | as long as short |
| Bybit CXMTUSDTshort | −0.3992% | 8h | 8.6200 | +0.105% | $1.0M | $1.1M | 20x | |
| Ondo Perps CXMT-USD.P | −0.3233% | 1h | 8.5859 | −0.291% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2883% | 8h | 8.6160 | +0.058% | $1.4M | $5.3M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2515% | 8h | 8.6170 | +0.070% | $600K | $825K | 20x | as long as short |
| tradeXYZ xyz:CXMT | −0.2134% | 1h | 8.6101 | −0.010% | $56.2M | $9.1M | 10x | as long as short |
| Gate CXMT_USDTlong | −0.2104% | 1h | 8.6110 | long leg | $5.8M | $13.4M | 50x | |
| Aster CXMTUSDT | −0.1945% | 8h | 8.6488 | +0.439% | $139K | $100K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.1767% | 1h | 8.6162 | +0.060% | $10K | $47K | 10x | as long as short |
| SoDEX CXMT-USD | −0.1129% | 1h | 8.6160 | +0.058% | $229K | $9K | 5x | as long as short |
Binance CXMTUSDT
Ondo Perps CXMT-USD.P
OKX CXMT-USDT-SWAP
Bitget CXMTUSDT
tradeXYZ xyz:CXMT
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 CXMT | −0.0672% | 1h | 8.6199 | +0.103% | $101K | $18K | 5x | as long as short |
| Popdex CXMTUSDT | −0.0048% | 1h | 8.6180 | +0.081% | $1K | $115K | 20x | as long as short |
| edgeX CXMTUSDC | −0.0034% | 4h | 8.6128 | +0.021% | $436K | $242K | 10x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.6250 | +0.163% | $85 | $2.4M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6875 | +0.888% | $32K | $37K | 10x | as long as short |
| ApeX Omni CXMTUSDT | +0.0047% | 1h | 8.6500 | +0.453% | $8K | $250K | 50x | as long as short |
Lighter CXMT
Popdex CXMTUSDT
edgeX CXMTUSDC
SunX CXMT-USDT
HTX CXMT-USDT
ApeX Omni CXMTUSDT