Funding you earn now, next payment 05:00 UTC+0.2024%/8h= +221.6% APRnext payment +$2.53 per $10,000 · paid last 24h −0.021%
Price spread now: Popdex against Gate+0.093%7-day average +0.040% · 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−$45as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 4 days (all we have)−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.093%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$61 a day on $10k at the current rate, and Popdex is 0.053% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 4 days funding on this pair cost −0.138%, 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 -0.138% in total (about -13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.53 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 | Gate CXMT_USDT | 8.6080 | −0.2080 | get 0.0260% / 1h | 17m 08s | $5.8M | $13.4M | 50x |
| Short | Popdex CXMTUSDT | 8.6160 | −0.0056 | pay 0.0007% / 1h | 17m 08s | $1K | $115K | 20x |
Gate CXMT_USDT
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $425.04
- Price spread: +0.093% → +0.040%
- $5.27
- Slippage, 4 orders
- −$29.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $379.6
- Costs to cover
- 0.507%
- Break-even
- 0.7 days
Slippage from Gate: live order book, 2 min ago; Popdex: live order book, 36 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, 2 min ago | 2.32 bp | 10.6 bp −$11 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 36 min ago | 2.31 bp | 11.3 bp −$11 | 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 | −0.4289% | 4h | 8.6155 | +0.088% | $4.5M | $8.9M | 20x | as long as short |
| Bybit CXMTUSDT | −0.3964% | 8h | 8.6180 | +0.116% | $1.0M | $1.1M | 20x | as long as short |
| Ondo Perps CXMT-USD.P | −0.3230% | 1h | 8.5809 | −0.315% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2893% | 8h | 8.6120 | +0.046% | $1.4M | $5.3M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2521% | 8h | 8.6170 | +0.105% | $600K | $825K | 20x | as long as short |
| tradeXYZ xyz:CXMT | −0.2112% | 1h | 8.6077 | −0.003% | $56.2M | $9.1M | 10x | as long as short |
| Gate CXMT_USDTlong | −0.2080% | 1h | 8.6080 | long leg | $5.8M | $13.4M | 50x | |
| Aster CXMTUSDT | −0.2030% | 8h | 8.6460 | +0.442% | $139K | $100K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.1730% | 1h | 8.6151 | +0.082% | $10K | $47K | 10x | as long as short |
| SoDEX CXMT-USD | −0.1117% | 1h | 8.6125 | +0.052% | $229K | $9K | 5x | as long as short |
Binance CXMTUSDT
Bybit 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 | −0.0648% | 1h | 8.6156 | +0.088% | $101K | $18K | 5x | as long as short |
| Popdex CXMTUSDTshort | −0.0056% | 1h | 8.6160 | +0.093% | $1K | $115K | 20x | |
| edgeX CXMTUSDC | −0.0034% | 4h | 8.6128 | +0.056% | $436K | $242K | 10x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.6221 | +0.164% | $84 | $2.4M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6917 | +0.972% | $32K | $37K | 10x | as long as short |
| ApeX Omni CXMTUSDT | +0.0069% | 1h | 8.6500 | +0.488% | $8K | $250K | 50x | as long as short |
Lighter CXMT
edgeX CXMTUSDC
SunX CXMT-USDT
HTX CXMT-USDT
ApeX Omni CXMTUSDT