Funding you earn now, next payment 03:00 UTC+0.4616%/8h= +505.5% APRnext payment +$5.77 per $10,000 · paid last 24h +0.055%
Price spread now: Lighter against Popdex+0.478%7-day average +0.004% · 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+$2as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 4 days (all we have)+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.467%−$47 · spread now +0.478%, 7d avg +0.004%
=Together, before fees−0.371%+ Points / potential airdropLighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$138 a day on $10k at the current rate, and Lighter is 0.474% dearer against Popdex than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.004%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.096% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.77 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 | Popdex CXMTUSDT | 8.5590 | −0.8656 | get 0.1082% / 1h | 47m 42s | $5K | $111K | 20x |
| Short | Lighter CXMT | 8.5999 | −0.4040 | pay 0.0505% / 1h | 47m 42s | $101K | $21K | 5x |
Popdex CXMTUSDT
Lighter CXMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $969.36
- Price spread: +0.478% → +0.004%
- $47.42
- Slippage, 4 orders
- −$38.75
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $971.63
- Costs to cover
- 0.451%
- Break-even
- from the start
Slippage from Popdex: live order book, 16 min ago; Lighter: live order book, 61 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, 16 min ago | 2.33 bp | 14.2 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 61 min ago | 2.68 bp | 10.1 bp −$10 | 46.6 bp −$466 | 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 | −0.8656% | 1h | 8.5590 | long leg | $5K | $111K | 20x | |
| Polymarket Perps CXMT-USD | −0.5849% | 1h | 8.6292 | +0.820% | $9K | $46K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.5625% | 1h | 8.5462 | −0.150% | $55.4M | $7.2M | 10x | as long as short |
| SoDEX CXMT-USD | −0.4960% | 1h | 8.5505 | −0.099% | $227K | $9K | 5x | as long as short |
| Ondo Perps CXMT-USD.P | −0.4846% | 1h | 8.5372 | −0.255% | $21K | $25K | 10x | as long as short |
| Lighter CXMTshort | −0.4040% | 1h | 8.5999 | +0.478% | $101K | $21K | 5x | |
| Gate CXMT_USDT | −0.3072% | 1h | 8.5530 | −0.070% | $5.0M | $10.6M | 50x | as long as short |
| Bybit CXMTUSDT | −0.2072% | 8h | 8.5560 | −0.035% | $955K | $576K | 20x | as long as short |
| Binance CXMTUSDT | −0.0790% | 4h | 8.5570 | −0.023% | $4.2M | $7.7M | 20x | as long as short |
| SunX CXMT-USDT | −0.0384% | 4h | 8.6503 | +1.067% | $85 | $2.4M | 10x | as long as short |
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
SoDEX CXMT-USD
Ondo Perps CXMT-USD.P
Gate CXMT_USDT
Bybit CXMTUSDT
Binance CXMTUSDT
SunX CXMT-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CXMTUSDT | −0.0260% | 1h | 8.6700 | +1.297% | $8K | $250K | 50x | as long as short |
| Bitget CXMTUSDT | −0.0085% | 8h | 8.5560 | −0.035% | $611K | $825K | 20x | as long as short |
| edgeX CXMTUSDC | −0.0080% | 4h | 8.5725 | +0.158% | $434K | $241K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.0022% | 8h | 8.5520 | −0.082% | $1.2M | $4.5M | 20x | as long as short |
| Aster CXMTUSDT | 0.0000% | 8h | 8.5630 | +0.047% | $157K | $76K | 20x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6240 | +0.759% | $31K | $37K | 10x | as long as short |
ApeX Omni CXMTUSDT
Bitget CXMTUSDT
edgeX CXMTUSDC
OKX CXMT-USDT-SWAP
Aster CXMTUSDT
HTX CXMT-USDT