Funding you earn now, next payment 04:00 UTC+0.0576%/8h= +63.1% APRnext payment +$0.72 per $10,000 · paid last 24h +0.055%
Price spread now: SoDEX against Popdex−0.196%7-day average −0.128% · 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−$112as in the Price arb table
costs, in and out, $10k−$1051.054% of the position
Funding, last 3 days (all we have)+0.126%+$13 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.196%, 7d avg −0.128%
=Funding pays, the price is against you. SoDEX is 0.068% cheaper against Popdex than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of −0.128%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$17 a day). At the pace of the last 3 days (+0.126% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.126% in total (about 13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.72 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 | 8.6880 | −0.2952 | get 0.0369% / 1h | 9m 30s | $1K | $115K | 20x |
| Short | SoDEX CXMT-USD | 8.6710 | −0.2376 | pay 0.0297% / 1h | 9m 30s | $231K | $9K | 5x |
Popdex CXMTUSDT
SoDEX CXMT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $120.92
- Price spread: −0.196% → −0.128%
- −$6.76
- Slippage, 4 orders
- −$91.02
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $8.74
- Costs to cover
- 1.054%
- Break-even
- 6.5 days
Slippage from Popdex: live order book, 49 min ago; SoDEX: live order book, 49 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, 49 min ago | 7.47 bp | 32.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 49 min ago | 0.81 bp | 27.4 bp −$27 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CXMTUSDT | −0.4551% | 8h | 8.6700 | −0.207% | $1.0M | $1.0M | 20x | as long as short |
| Binance CXMTUSDT | −0.4309% | 4h | 8.6900 | +0.023% | $4.5M | $8.7M | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.3669% | 1h | 8.6665 | −0.247% | $8K | $51K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.3507% | 1h | 8.6665 | −0.247% | $56.4M | $8.9M | 10x | as long as short |
| Popdex CXMTUSDTlong | −0.2952% | 1h | 8.6880 | long leg | $1K | $115K | 20x | |
| Gate CXMT_USDT | −0.2792% | 1h | 8.6640 | −0.276% | $5.9M | $13.0M | 50x | as long as short |
| Ondo Perps CXMT-USD.P | −0.2540% | 1h | 8.6805 | −0.086% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2473% | 8h | 8.6720 | −0.184% | $1.5M | $5.1M | 20x | as long as short |
| SoDEX CXMT-USDshort | −0.2376% | 1h | 8.6710 | −0.196% | $231K | $9K | 5x | |
| Bitget CXMTUSDT | −0.2330% | 8h | 8.6700 | −0.207% | $595K | $829K | 20x | as long as short |
Bybit CXMTUSDT
Binance CXMTUSDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Gate CXMT_USDT
Ondo Perps CXMT-USD.P
OKX CXMT-USDT-SWAP
Bitget CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CXMTUSDT | −0.2013% | 8h | 8.6860 | −0.023% | $139K | $100K | 20x | as long as short |
| Lighter CXMT | −0.1392% | 1h | 8.6759 | −0.139% | $102K | $18K | 5x | as long as short |
| SunX CXMT-USDT | −0.1343% | 4h | 8.7108 | +0.262% | $85 | $2.4M | 10x | as long as short |
| ApeX Omni CXMTUSDT | −0.0990% | 1h | 8.7100 | +0.253% | $8K | $250K | 50x | as long as short |
| edgeX CXMTUSDC | −0.0013% | 4h | 8.6682 | −0.228% | $439K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7447 | +0.653% | $32K | $37K | 10x | as long as short |
Aster CXMTUSDT
Lighter CXMT
SunX CXMT-USDT
ApeX Omni CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT