Funding you earn now, next payment 03:00 UTC−0.2595%/8h= −284.2% APRpaid last 24h +0.095%
Price spread now: Popdex against Bybit+0.092%7-day average +0.048% · 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−$68as in the Price arb table
costs, in and out, $10k−$730.728% of the position
Funding, last 4 days (all we have)+0.065%+$7 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.092%, 7d avg +0.048%
=The price spread pays, funding is against you. Popdex is 0.044% dearer against Bybit than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.048%): +$4 on $10k if it goes back. Holding the pair costs −$78 a day in funding at the current rate, which eats that in about 1 hour. Mind the row above: over the last 4 days funding on this pair paid +0.065%, 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 4 days it paid 0.065% in total (about 6.7% 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 | Bybit CXMTUSDT | 8.6870 | −0.4077 | get 0.4077% / 8h | 5h 02m | $976K | $738K | 20x |
| Short | Popdex CXMTUSDT | 8.6950 | −0.6672 | pay 0.0834% / 1h | 2m 14s | $1K | $115K | 20x |
Bybit CXMTUSDT
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$545.01
- Price spread: +0.092% → +0.048%
- $4.36
- Slippage, 4 orders
- −$55.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$613.47
- Costs to cover
- 0.728%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 58 min ago; Popdex: live order book, 61 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, 58 min ago | 4.08 bp | 24.6 bp −$25 | 390.2 bp −$3,902 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 61 min ago | 2.33 bp | 14.6 bp −$15 | 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 CXMTUSDTshort | −0.6672% | 1h | 8.6950 | +0.092% | $1K | $115K | 20x | |
| Polymarket Perps CXMT-USD | −0.4722% | 1h | 8.7095 | +0.259% | $8K | $49K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.4586% | 1h | 8.6876 | +0.007% | $56.4M | $8.4M | 10x | as long as short |
| Bybit CXMTUSDTlong | −0.4077% | 8h | 8.6870 | long leg | $976K | $738K | 20x | |
| Ondo Perps CXMT-USD.P | −0.3790% | 1h | 8.6564 | −0.352% | $29K | $33K | 10x | as long as short |
| SoDEX CXMT-USD | −0.3486% | 1h | 8.6880 | +0.012% | $231K | $9K | 5x | as long as short |
| Gate CXMT_USDT | −0.3336% | 1h | 8.6790 | −0.092% | $5.6M | $12.4M | 50x | as long as short |
| Binance CXMTUSDT | −0.3271% | 4h | 8.7000 | +0.150% | $4.4M | $8.6M | 20x | as long as short |
| Lighter CXMT | −0.2776% | 1h | 8.7135 | +0.305% | $102K | $21K | 5x | as long as short |
| ApeX Omni CXMTUSDT | −0.1832% | 1h | 8.7000 | +0.150% | $8K | $250K | 50x | as long as short |
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Ondo Perps CXMT-USD.P
SoDEX CXMT-USD
Gate CXMT_USDT
Binance CXMTUSDT
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 | −0.1668% | 4h | 8.7022 | +0.175% | $85 | $2.4M | 10x | as long as short |
| Bitget CXMTUSDT | −0.1416% | 8h | 8.6950 | +0.092% | $598K | $832K | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.1401% | 8h | 8.6880 | +0.012% | $1.4M | $5.1M | 20x | as long as short |
| Aster CXMTUSDT | −0.1244% | 8h | 8.7534 | +0.764% | $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 | 8.7672 | +0.923% | $32K | $37K | 10x | as long as short |
SunX CXMT-USDT
Bitget CXMTUSDT
OKX CXMT-USDT-SWAP
Aster CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT