Funding you earn now, next payment 08:00 UTC−0.0321%/8h= −35.2% APRnext payment −$3.21 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against Bybit+0.070%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.070%, 7d avg −0.007%
=The price spread pays, funding is against you. OKX is 0.077% dearer against Bybit than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of −0.007%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.119% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.21 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 | Bybit CXMTUSDT | 8.5920 | −0.3112 | get 0.3112% / 8h | 2m 35s | $972K | $1.4M | 20x |
| Short | OKX CXMT-USDT-SWAP | 8.5980 | −0.3434 | pay 0.3434% / 8h | 2m 35s | $1.3M | $5.8M | 20x |
Bybit CXMTUSDT
OKX CXMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- −$67.45
- Price spread: +0.070% → −0.007%
- $7.66
- Slippage, 4 orders
- −$31.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$112.71
- Costs to cover
- 0.529%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 5 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 Bybit live order book, 3 min ago | 1.75 bp | 11.4 bp −$11 | 145.7 bp −$1,457 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.75 bp | 11.0 bp −$11 | 115.4 bp −$1,154 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CXMT-USDT-SWAPshort | −0.3434% | 8h | 8.5980 | +0.070% | $1.3M | $5.8M | 20x | |
| Bitget CXMTUSDT | −0.3341% | 8h | 8.5960 | +0.047% | $683K | $1.1M | 20x | as long as short |
| Bybit CXMTUSDTlong | −0.3112% | 8h | 8.5920 | long leg | $972K | $1.4M | 20x | |
| Binance CXMTUSDT | −0.3007% | 4h | 8.5881 | −0.045% | $4.1M | $9.9M | 20x | as long as short |
| Gate CXMT_USDT | −0.2888% | 1h | 8.5680 | −0.279% | $5.6M | $13.7M | 50x | as long as short |
| Aster CXMTUSDT | −0.2614% | 8h | 8.5806 | −0.132% | $138K | $69K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.1758% | 1h | 8.5644 | −0.321% | $8K | $48K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.1514% | 1h | 8.5752 | −0.196% | $55.9M | $9.9M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1435% | 1h | 8.5805 | −0.134% | $28K | $33K | 10x | as long as short |
| SoDEX CXMT-USD | −0.0442% | 1h | 8.5835 | −0.099% | $228K | $9K | 5x | as long as short |
Bitget CXMTUSDT
Binance CXMTUSDT
Gate CXMT_USDT
Aster CXMTUSDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Ondo Perps CXMT-USD.P
SoDEX CXMT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX CXMTUSDC | −0.0100% | 4h | 8.5695 | −0.262% | $459K | $267K | 10x | as long as short |
| SunX CXMT-USDT | −0.0054% | 4h | 8.5961 | +0.048% | $84 | $2.3M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6524 | +0.703% | $32K | $39K | 10x | as long as short |
| Lighter CXMT | +0.0024% | 1h | 8.5851 | −0.080% | $101K | $18K | 5x | as long as short |
| Popdex CXMTUSDT | +0.0048% | 1h | 8.5880 | −0.047% | $2K | $115K | 20x | as long as short |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.5900 | −0.023% | $8K | $251K | 50x | as long as short |
edgeX CXMTUSDC
SunX CXMT-USDT
HTX CXMT-USDT
Lighter CXMT
Popdex CXMTUSDT
ApeX Omni CXMTUSDT