Funding you earn now, next payment 00:00 UTC−0.0422%/8h= −46.2% APRnext payment −$0.53 per $10,000 · paid last 24h +0.016%
Price spread now: SoDEX against Gate−0.052%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$890.891% of the position
Funding, last 3 days (all we have)−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)−0.044%−$4 · spread now −0.052%, 7d avg −0.090%
=The price spread pays, funding is against you. SoDEX is 0.038% dearer against Gate than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.090%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 3 days (−0.009% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.009% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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 | 8.5840 | 0.0472 | pay 0.0059% / 1h | 35m 40s | $4.8M | $13.2M | 50x |
| Short | SoDEX CXMT-USD | 8.5795 | 0.0050 | get 0.0006% / 1h | 35m 40s | $228K | $9K | 5x |
Gate CXMT_USDT
SoDEX CXMT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$88.62
- Price spread: −0.052% → −0.090%
- $3.78
- Slippage, 4 orders
- −$66.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$173.89
- Costs to cover
- 0.891%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; SoDEX: live order book, 43 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, 3 min ago | 1.75 bp | 12.5 bp −$13 | 36.2 bp −$362 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 43 min ago | 1.63 bp | 28.3 bp −$28 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CXMTUSDC | −0.0053% | 4h | 8.5780 | −0.070% | $434K | $241K | 10x | as long as short |
| Aster CXMTUSDT | 0.0000% | 8h | 8.5900 | +0.070% | $166K | $69K | 20x | as long as short |
| Bybit CXMTUSDT | 0.0000% | 8h | 8.5840 | 0.000% | $972K | $696K | 20x | as long as short |
| OKX CXMT-USDT-SWAP | 0.0000% | 8h | 8.5860 | +0.023% | $1.2M | $5.6M | 20x | as long as short |
| Bitget CXMTUSDT | 0.0000% | 8h | 8.5900 | +0.070% | $544K | $879K | 20x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.5941 | +0.118% | $84 | $2.6M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6637 | +0.928% | $31K | $38K | 10x | as long as short |
| Popdex CXMTUSDT | +0.0048% | 1h | 8.5870 | +0.035% | $5K | $111K | 20x | as long as short |
| SoDEX CXMT-USDshort | +0.0050% | 1h | 8.5795 | −0.052% | $228K | $9K | 5x | |
| Binance CXMTUSDT | +0.0098% | 4h | 8.5890 | +0.058% | $4.0M | $8.9M | 20x | as long as short |
edgeX CXMTUSDC
Aster CXMTUSDT
Bybit CXMTUSDT
OKX CXMT-USDT-SWAP
Bitget CXMTUSDT
SunX CXMT-USDT
HTX CXMT-USDT
Popdex CXMTUSDT
Binance CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.5800 | −0.047% | $8K | $249K | 50x | as long as short |
| Polymarket Perps CXMT-USD | +0.0337% | 1h | 8.5753 | −0.101% | $8K | $46K | 10x | as long as short |
| Gate CXMT_USDTlong | +0.0472% | 1h | 8.5840 | long leg | $4.8M | $13.2M | 50x | |
| Lighter CXMT | +0.0552% | 1h | 8.5909 | +0.080% | $101K | $29K | 5x | as long as short |
| tradeXYZ xyz:CXMT | +0.0817% | 1h | 8.5776 | −0.075% | $55.2M | $8.3M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | +0.1300% | 1h | 8.5914 | +0.086% | $23K | $50K | 10x | as long as short |
ApeX Omni CXMTUSDT
Polymarket Perps CXMT-USD
Lighter CXMT
tradeXYZ xyz:CXMT
Ondo Perps CXMT-USD.P