Funding you earn now, next payment 03:00 UTC+0.1105%/8h= +121.0% APRnext payment +$1.38 per $10,000 · paid last 24h +0.044%
Price spread now: SoDEX against tradeXYZ−0.082%7-day average +0.015% · 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−$99as in the Price arb table
costs, in and out, $10k−$890.890% of the position
Funding, last 3 days (all we have)+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.082%, 7d avg +0.015%
=Together, before fees+0.174%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.097% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.015%). If the spread goes back, that is −$10 on $10k: about 7 hours of funding at the current rate (+$33 a day). At the pace of the last 3 days (+0.026% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.026% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.38 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 | tradeXYZ xyz:CXMT | 8.6976 | −0.4561 | get 0.0570% / 1h | 59m 48s | $56.5M | $8.5M | 10x |
| Short | SoDEX CXMT-USD | 8.6905 | −0.3456 | pay 0.0432% / 1h | 59m 48s | $231K | $9K | 5x |
tradeXYZ xyz:CXMT
SoDEX CXMT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against tradeXYZ. 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
- $232.1
- Price spread: −0.082% → +0.015%
- −$9.68
- Slippage, 4 orders
- −$62.99
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $133.43
- Costs to cover
- 0.890%
- Break-even
- 3.0 days
Slippage from tradeXYZ: live order book, 10 min ago; SoDEX: live order book, 64 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 tradeXYZ live order book, 10 min ago | 4.42 bp | 14.0 bp −$14 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 64 min ago | 2.74 bp | 29.2 bp −$29 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Popdex CXMTUSDT | −0.6624% | 1h | 8.7070 | +0.108% | $1K | $115K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.4700% | 1h | 8.7300 | +0.373% | $8K | $49K | 10x | as long as short |
| tradeXYZ xyz:CXMTlong | −0.4561% | 1h | 8.6976 | long leg | $56.5M | $8.5M | 10x | |
| Bybit CXMTUSDT | −0.4119% | 8h | 8.6950 | −0.030% | $978K | $740K | 20x | as long as short |
| Ondo Perps CXMT-USD.P | −0.3766% | 1h | 8.6564 | −0.474% | $29K | $33K | 10x | as long as short |
| SoDEX CXMT-USDshort | −0.3456% | 1h | 8.6905 | −0.082% | $231K | $9K | 5x | |
| Binance CXMTUSDT | −0.3324% | 4h | 8.7075 | +0.114% | $4.4M | $8.6M | 20x | as long as short |
| Gate CXMT_USDT | −0.3320% | 1h | 8.6840 | −0.156% | $5.6M | $12.5M | 50x | as long as short |
| Lighter CXMT | −0.2760% | 1h | 8.7276 | +0.345% | $102K | $21K | 5x | as long as short |
| ApeX Omni CXMTUSDT | −0.1856% | 1h | 8.7300 | +0.373% | $8K | $250K | 50x | as long as short |
Popdex CXMTUSDT
Polymarket Perps CXMT-USD
Bybit CXMTUSDT
Ondo Perps CXMT-USD.P
Binance CXMTUSDT
Gate CXMT_USDT
Lighter CXMT
ApeX Omni CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX CXMT-USDT | −0.1665% | 4h | 8.7577 | +0.691% | $86 | $2.4M | 10x | as long as short |
| Bitget CXMTUSDT | −0.1460% | 8h | 8.6950 | −0.030% | $598K | $832K | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.1449% | 8h | 8.6930 | −0.053% | $1.4M | $5.1M | 20x | as long as short |
| Aster CXMTUSDT | −0.1294% | 8h | 8.7550 | +0.660% | $145K | $104K | 20x | as long as short |
| edgeX CXMTUSDC | −0.0040% | 4h | 8.6923 | −0.061% | $440K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7664 | +0.791% | $32K | $37K | 10x | as long as short |
SunX CXMT-USDT
Bitget CXMTUSDT
OKX CXMT-USDT-SWAP
Aster CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT