CXMT

Funding pays, the price is against you. edgeX is 0.062% cheaper against Binance than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of −0.188%). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$96 a day). At the pace of the last 7 days (+0.350% in total) that is about 30 hours. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.350% in total (about 18.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.