Funding you earn now, next payment 05:00 UTC−0.1721%/8h= −188.4% APRpaid last 24h −0.133%
Price spread now: OKX against Lighter+0.039%7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.039%, 7d avg −0.056%
=Together, before fees−0.178%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.095% dearer against Lighter than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.056%): +$10 on $10k if it goes back. Holding the pair costs −$52 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.099% in total) that is about 6.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% 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 | Lighter CXMT | 8.6316 | −0.1072 | get 0.0134% / 1h | 39m 39s | $101K | $18K | 5x |
| Short | OKX CXMT-USDT-SWAP | 8.6350 | −0.2793 | pay 0.2793% / 8h | 3h 39m | $1.4M | $5.2M | 20x |
Lighter CXMT
OKX CXMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$361.37
- Price spread: +0.039% → −0.056%
- $9.5
- Slippage, 4 orders
- −$110.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$472.54
- Costs to cover
- 1.207%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 51 min ago; OKX: live order book, 3 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, 51 min ago | 30.17 bp | 37.2 bp −$37 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.89 bp | 13.5 bp −$13 | 83.7 bp −$837 | 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 | −0.4466% | 4h | 8.6360 | +0.051% | $4.5M | $8.8M | 20x | as long as short |
| Bybit CXMTUSDT | −0.4312% | 8h | 8.6300 | −0.019% | $1.0M | $1.1M | 20x | as long as short |
| Ondo Perps CXMT-USD.P | −0.3445% | 1h | 8.6384 | +0.079% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAPshort | −0.2793% | 8h | 8.6350 | +0.039% | $1.4M | $5.2M | 20x | |
| tradeXYZ xyz:CXMT | −0.2525% | 1h | 8.6224 | −0.107% | $56.2M | $9.1M | 10x | as long as short |
| Bitget CXMTUSDT | −0.2497% | 8h | 8.6310 | −0.007% | $602K | $823K | 20x | as long as short |
| Gate CXMT_USDT | −0.2472% | 1h | 8.6190 | −0.146% | $5.9M | $13.2M | 50x | as long as short |
| Polymarket Perps CXMT-USD | −0.2409% | 1h | 8.6262 | −0.063% | $10K | $47K | 10x | as long as short |
| Aster CXMTUSDT | −0.2048% | 8h | 8.6654 | +0.391% | $139K | $100K | 20x | as long as short |
| SoDEX CXMT-USD | −0.1599% | 1h | 8.6295 | −0.024% | $229K | $9K | 5x | as long as short |
Binance CXMTUSDT
Bybit CXMTUSDT
Ondo Perps CXMT-USD.P
tradeXYZ xyz:CXMT
Bitget CXMTUSDT
Gate CXMT_USDT
Polymarket Perps CXMT-USD
Aster CXMTUSDT
SoDEX CXMT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CXMTlong | −0.1072% | 1h | 8.6316 | long leg | $101K | $18K | 5x | |
| ApeX Omni CXMTUSDT | −0.0448% | 1h | 8.6700 | +0.445% | $8K | $249K | 50x | as long as short |
| Popdex CXMTUSDT | −0.0216% | 1h | 8.6300 | −0.019% | $1K | $115K | 20x | as long as short |
| edgeX CXMTUSDC | −0.0080% | 4h | 8.6251 | −0.075% | $436K | $241K | 10x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.6421 | +0.122% | $85 | $2.4M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6981 | +0.770% | $32K | $37K | 10x | as long as short |
ApeX Omni CXMTUSDT
Popdex CXMTUSDT
edgeX CXMTUSDC
SunX CXMT-USDT
HTX CXMT-USDT