Funding you earn now, next payment 04:00 UTC−0.0587%/8h= −64.3% APRnext payment −$0.73 per $10,000 · paid last 24h −0.055%
Price spread now: Popdex against SoDEX+0.213%7-day average +0.128% · 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−$97as 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)−0.062%−$6 · spread now +0.213%, 7d avg +0.128%
=The price spread pays, funding is against you. Popdex is 0.085% dearer against SoDEX than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.128%): +$9 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 3 days (−0.126% in total) that is about 2.3 days.
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 −$0.73 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 | SoDEX CXMT-USD | 8.6695 | −0.2301 | get 0.0288% / 1h | 8m 14s | $231K | $9K | 5x |
| Short | Popdex CXMTUSDT | 8.6880 | −0.2888 | pay 0.0361% / 1h | 8m 14s | $1K | $115K | 20x |
SoDEX CXMT-USD
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against SoDEX. 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
- −$123.28
- Price spread: +0.213% → +0.128%
- $8.54
- Slippage, 4 orders
- −$91.02
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$220.16
- Costs to cover
- 1.054%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 50 min ago; Popdex: live order book, 50 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 SoDEX live order book, 50 min ago | 0.81 bp | 28.5 bp −$28 | 1457.5 bp −$14.6K | doesn't fit | doesn't fit |
| Sell Popdex live order book, 50 min ago | 7.47 bp | 17.0 bp −$17 | 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 | −0.4538% | 8h | 8.6690 | −0.006% | $1.0M | $1.0M | 20x | as long as short |
| Binance CXMTUSDT | −0.4308% | 4h | 8.6900 | +0.236% | $4.5M | $8.7M | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.3639% | 1h | 8.6684 | −0.013% | $8K | $51K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.3479% | 1h | 8.6681 | −0.016% | $56.4M | $8.9M | 10x | as long as short |
| Popdex CXMTUSDTshort | −0.2888% | 1h | 8.6880 | +0.213% | $1K | $115K | 20x | |
| Gate CXMT_USDT | −0.2768% | 1h | 8.6650 | −0.052% | $5.9M | $13.0M | 50x | as long as short |
| Ondo Perps CXMT-USD.P | −0.2529% | 1h | 8.6477 | −0.251% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2491% | 8h | 8.6730 | +0.040% | $1.5M | $5.2M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2334% | 8h | 8.6720 | +0.029% | $595K | $829K | 20x | as long as short |
| SoDEX CXMT-USDlong | −0.2301% | 1h | 8.6695 | long leg | $231K | $9K | 5x |
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 | +0.190% | $139K | $100K | 20x | as long as short |
| Lighter CXMT | −0.1376% | 1h | 8.6769 | +0.085% | $102K | $18K | 5x | as long as short |
| SunX CXMT-USDT | −0.1302% | 4h | 8.6951 | +0.295% | $85 | $2.4M | 10x | as long as short |
| ApeX Omni CXMTUSDT | −0.0990% | 1h | 8.7100 | +0.467% | $8K | $250K | 50x | as long as short |
| edgeX CXMTUSDC | −0.0013% | 4h | 8.6682 | −0.015% | $439K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7658 | +1.111% | $32K | $37K | 10x | as long as short |
Aster CXMTUSDT
Lighter CXMT
SunX CXMT-USDT
ApeX Omni CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT