Funding you earn now, next payment 06:00 UTC+0.1407%/8h= +154.1% APRpaid last 24h −0.025%
Price spread now: Bybit against Popdex+0.117%52s7-day average −0.051% · 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—prices read too far apart to compare
costs, in and out, $10k−$790.786% of the position
Funding, last 4 days (all we have)+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.117%, 7d avg −0.051%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Bybit is 0.168% dearer against Popdex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.051%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.049% in total (about 4.9% 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 | Popdex CXMTUSDT | 8.5590 | −0.5536 | get 0.0692% / 1h | 25m 47s | $2K | $115K | 20x |
| Short | Bybit CXMTUSDT | 8.5690 | −0.4129 | pay 0.4129% / 8h | 2h 25m | $1.0M | $1.1M | 20x |
Popdex CXMTUSDT
Bybit CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Popdex. 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
- $295.45
- Price spread: +0.117% → −0.051%
- $16.77
- Slippage, 4 orders
- −$61.23
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $233.6
- Costs to cover
- 0.786%
- Break-even
- 1.5 days
Slippage from Popdex: live order book, 23 min ago; Bybit: live order book, 5 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 Popdex live order book, 23 min ago | 9.26 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.08 bp | 21.9 bp −$22 | 412.6 bp −$4,126 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Popdex CXMTUSDTlong | −0.5536% | 1h | 8.5590 | long leg | $2K | $115K | 20x | |
| Binance CXMTUSDT | −0.4710% | 4h | 8.5650 | +0.070% | $4.3M | $9.1M | 20x | as long as short |
| Bybit CXMTUSDTshort | −0.4129% | 8h | 8.5690 | +0.117% | $1.0M | $1.1M | 20x | |
| tradeXYZ xyz:CXMT | −0.3893% | 1h | 8.5619 | +0.034% | $56.0M | $9.5M | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.3653% | 8h | 8.5660 | +0.082% | $1.4M | $5.3M | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.3579% | 1h | 8.6359 | +0.898% | $8K | $52K | 10x | as long as short |
| Gate CXMT_USDT | −0.3336% | 1h | 8.5460 | −0.152% | $5.7M | $13.8M | 50x | as long as short |
| Ondo Perps CXMT-USD.P | −0.3323% | 1h | 8.5287 | −0.354% | $28K | $33K | 10x | as long as short |
| SoDEX CXMT-USD | −0.3256% | 1h | 8.5600 | +0.012% | $228K | $9K | 5x | as long as short |
| Bitget CXMTUSDT | −0.3182% | 8h | 8.5600 | +0.012% | $603K | $841K | 20x | as long as short |
Binance CXMTUSDT
tradeXYZ xyz:CXMT
OKX CXMT-USDT-SWAP
Polymarket Perps CXMT-USD
Gate CXMT_USDT
Ondo Perps CXMT-USD.P
SoDEX CXMT-USD
Bitget CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CXMTUSDT | −0.2681% | 1h | 8.6000 | +0.479% | $8K | $252K | 50x | as long as short |
| Aster CXMTUSDT | −0.2531% | 8h | 8.5591 | +0.001% | $137K | $105K | 20x | as long as short |
| Lighter CXMT | −0.2272% | 1h | 8.5928 | +0.395% | $101K | $18K | 5x | as long as short |
| SunX CXMT-USDT | −0.1274% | 4h | 8.5655 | +0.076% | $84 | $2.4M | 10x | as long as short |
| edgeX CXMTUSDC | −0.0049% | 4h | 8.5710 | +0.140% | $434K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6213 | +0.728% | $31K | $38K | 10x | as long as short |
ApeX Omni CXMTUSDT
Aster CXMTUSDT
Lighter CXMT
SunX CXMT-USDT
edgeX CXMTUSDC
HTX CXMT-USDT