Funding you earn now, next payment 08:00 UTC−0.2925%/8h= −320.3% APRpaid last 24h −0.133%
Price spread now: OKX against SunX−0.023%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$980.983% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.023%, 7d avg −0.104%
=The price spread pays, funding is against you. OKX is 0.081% dearer against SunX than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.104%): +$8 on $10k if it goes back. Holding the pair costs −$88 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.072% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.8% 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 | SunX CXMT-USDT | 8.5850 | −0.1157 | get 0.0579% / 4h | 1h 39m | $84 | $2.4M | 10x |
| Short | OKX CXMT-USDT-SWAP | 8.5830 | −0.4082 | pay 0.4082% / 8h | 1h 39m | $1.3M | $5.5M | 20x |
SunX CXMT-USDT
OKX CXMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against SunX. 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
- −$614.3
- Price spread: −0.023% → −0.104%
- $8.12
- Slippage, 4 orders
- −$80.26
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$704.44
- Costs to cover
- 0.983%
- Break-even
- never at this rate
Slippage from SunX: live order book, 7 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 SunX live order book, 7 min ago | 23.86 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.33 bp | 14.5 bp −$15 | 101.8 bp −$1,018 | 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 | −0.4562% | 4h | 8.5812 | −0.045% | $4.2M | $9.3M | 20x | as long as short |
| OKX CXMT-USDT-SWAPshort | −0.4082% | 8h | 8.5830 | −0.023% | $1.3M | $5.5M | 20x | |
| Bybit CXMTUSDT | −0.4065% | 8h | 8.5850 | 0.000% | $1.1M | $1.1M | 20x | as long as short |
| Bitget CXMTUSDT | −0.3603% | 8h | 8.5840 | −0.012% | $620K | $851K | 20x | as long as short |
| Aster CXMTUSDT | −0.3070% | 8h | 8.6090 | +0.280% | $138K | $87K | 20x | as long as short |
| Gate CXMT_USDT | −0.2648% | 1h | 8.5620 | −0.268% | $5.7M | $13.4M | 50x | as long as short |
| Polymarket Perps CXMT-USD | −0.2465% | 1h | 8.5806 | −0.051% | $8K | $50K | 10x | as long as short |
| Popdex CXMTUSDT | −0.2416% | 1h | 8.5820 | −0.035% | $2K | $116K | 20x | as long as short |
| tradeXYZ xyz:CXMT | −0.2317% | 1h | 8.5751 | −0.115% | $55.9M | $9.9M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1779% | 1h | 8.5766 | −0.098% | $29K | $33K | 10x | as long as short |
Binance CXMTUSDT
Bybit CXMTUSDT
Bitget CXMTUSDT
Aster CXMTUSDT
Gate CXMT_USDT
Polymarket Perps CXMT-USD
Popdex CXMTUSDT
tradeXYZ xyz:CXMT
Ondo Perps CXMT-USD.PShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CXMT-USD | −0.1399% | 1h | 8.5744 | −0.123% | $228K | $9K | 5x | as long as short |
| SunX CXMT-USDTlong | −0.1157% | 4h | 8.5850 | long leg | $84 | $2.4M | 10x | |
| Lighter CXMT | −0.0584% | 1h | 8.5841 | −0.010% | $101K | $18K | 5x | as long as short |
| edgeX CXMTUSDC | −0.0028% | 4h | 8.5743 | −0.125% | $434K | $243K | 10x | as long as short |
| ApeX Omni CXMTUSDT | −0.0012% | 1h | 8.5800 | −0.058% | $8K | $251K | 50x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6600 | +0.874% | $32K | $39K | 10x | as long as short |
SoDEX CXMT-USD
Lighter CXMT
edgeX CXMTUSDC
ApeX Omni CXMTUSDT
HTX CXMT-USDT