Funding you earn now, next payment 11:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.158%
Price spread now: Gate against Lighter−0.082%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.082%, 7d avg −0.072%
=Together, before fees+0.157%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.062%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CXMT | 8.5840 | 0.0240 | pay 0.0030% / 1h | 46m 04s | $101K | $15K | 5x |
| Short | Gate CXMT_USDT | 8.5770 | −0.0016 | pay 0.0002% / 1h | 46m 04s | $5.2M | $14.4M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Lighter. 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
- −$53.76
- Price spread: −0.082% → −0.072%
- −$0.91
- Slippage, 4 orders
- −$88.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$157.88
- Costs to cover
- 1.032%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 58 min ago; Gate: 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 Lighter live order book, 58 min ago | 22.56 bp | 31.5 bp −$32 | 73.6 bp −$736 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.75 bp | 12.4 bp −$12 | 36.7 bp −$367 | doesn't fit | doesn't fit |
CXMT on 16 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CXMTUSDT | −0.1630% | 8h | 8.5800 | −0.047% | $662K | $1.1M | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.1579% | 8h | 8.5780 | −0.070% | $1.1M | $5.9M | 20x | as long as short |
| Aster CXMTUSDT | −0.1037% | 8h | 8.5589 | −0.292% | $137K | $71K | 20x | as long as short |
| Binance CXMTUSDT | −0.0223% | 4h | 8.5824 | −0.018% | $4.0M | $10.3M | 20x | as long as short |
| Gate CXMT_USDTshort | −0.0016% | 1h | 8.5770 | −0.082% | $5.2M | $14.4M | 50x | |
| edgeX CXMTUSDC | −0.0004% | 4h | 8.5825 | −0.018% | $460K | $267K | 10x | as long as short |
| Bybit CXMTUSDT | 0.0000% | 8h | 8.5760 | −0.093% | $920K | $1.6M | 20x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.5915 | +0.087% | $84 | $1.7M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6485 | +0.751% | $32K | $39K | 10x | as long as short |
| Popdex CXMTUSDT | +0.0048% | 1h | 8.5810 | −0.035% | $2K | $114K | 20x | as long as short |
Show all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps CXMT-USD | +0.0050% | 1h | 8.5772 | −0.079% | $8K | $45K | 10x | as long as short |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.5900 | +0.070% | $8K | $253K | 50x | as long as short |
| Lighter CXMTlong | +0.0240% | 1h | 8.5840 | long leg | $101K | $15K | 5x | |
| Ondo Perps CXMT-USD.P | +0.0555% | 1h | 8.5737 | −0.120% | $28K | $41K | 10x | as long as short |
| SoDEX CXMT-USD | +0.0711% | 1h | 8.5774 | −0.077% | $228K | $12K | 5x | as long as short |
| tradeXYZ xyz:CXMT | +0.1426% | 1h | 8.5682 | −0.184% | $55.8M | $10.0M | 10x | as long as short |
Lighter CXMT
Gate CXMT_USDT
Bitget CXMTUSDT
OKX CXMT-USDT-SWAP
Aster CXMTUSDT
Binance CXMTUSDT
edgeX CXMTUSDC
Bybit CXMTUSDT
SunX CXMT-USDT
HTX CXMT-USDT
Popdex CXMTUSDT
Polymarket Perps CXMT-USD
ApeX Omni CXMTUSDT
SoDEX CXMT-USD
tradeXYZ xyz:CXMT