Funding you earn now, next payment 03:00 UTC−0.2736%/8h= −299.6% APRpaid last 24h −0.024%
Price spread now: Lighter against edgeX+0.178%49s7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1381.383% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.178%, 7d avg +0.155%
=Together, before fees−0.041%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.022% dearer against edgeX than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of +0.155%): +$2 on $10k if it goes back. Holding the pair costs −$82 a day in funding at the current rate, which eats that in about under an hour. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you. The two prices were read 49 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 0.092% in total (about 4.8% 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 | edgeX CXMTUSDC | 8.6923 | −0.0040 | get 0.0020% / 4h | 1h 02m | $440K | $241K | 10x |
| Short | Lighter CXMT | 8.7078 | −0.2776 | pay 0.0347% / 1h | 2m 22s | $102K | $21K | 5x |
edgeX CXMTUSDC
Lighter CXMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$574.64
- Price spread: +0.178% → +0.155%
- $2.24
- Slippage, 4 orders
- −$129.33
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$710.72
- Costs to cover
- 1.383%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 61 min ago; Lighter: live order book, 33 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 edgeX live order book, 61 min ago | 12.95 bp | 52.0 bp −$52 | 215.7 bp −$2,157 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 33 min ago | 15.27 bp | 44.9 bp −$45 | 86.6 bp −$866 | 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 | −0.6672% | 1h | 8.6950 | +0.031% | $1K | $115K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.4722% | 1h | 8.7095 | +0.197% | $8K | $49K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.4586% | 1h | 8.6876 | −0.054% | $56.4M | $8.4M | 10x | as long as short |
| Bybit CXMTUSDT | −0.4077% | 8h | 8.6850 | −0.084% | $976K | $738K | 20x | as long as short |
| Ondo Perps CXMT-USD.P | −0.3790% | 1h | 8.6564 | −0.413% | $29K | $33K | 10x | as long as short |
| SoDEX CXMT-USD | −0.3508% | 1h | 8.6900 | −0.027% | $231K | $9K | 5x | as long as short |
| Gate CXMT_USDT | −0.3336% | 1h | 8.6750 | −0.199% | $5.6M | $12.4M | 50x | as long as short |
| Binance CXMTUSDT | −0.3271% | 4h | 8.7000 | +0.088% | $4.4M | $8.6M | 20x | as long as short |
| Lighter CXMTshort | −0.2776% | 1h | 8.7078 | +0.178% | $102K | $21K | 5x | |
| ApeX Omni CXMTUSDT | −0.1832% | 1h | 8.7000 | +0.088% | $8K | $250K | 50x | as long as short |
Popdex CXMTUSDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Bybit CXMTUSDT
Ondo Perps CXMT-USD.P
SoDEX CXMT-USD
Gate CXMT_USDT
Binance CXMTUSDT
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 | +0.113% | $85 | $2.4M | 10x | as long as short |
| Bitget CXMTUSDT | −0.1416% | 8h | 8.6950 | +0.031% | $598K | $832K | 20x | as long as short |
| OKX CXMT-USDT-SWAP | −0.1401% | 8h | 8.6880 | −0.050% | $1.4M | $5.1M | 20x | as long as short |
| Aster CXMTUSDT | −0.1244% | 8h | 8.7522 | +0.689% | $145K | $104K | 20x | as long as short |
| edgeX CXMTUSDClong | −0.0040% | 4h | 8.6923 | long leg | $440K | $241K | 10x | |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7800 | +1.009% | $32K | $37K | 10x | as long as short |
SunX CXMT-USDT
Bitget CXMTUSDT
OKX CXMT-USDT-SWAP
Aster CXMTUSDT
HTX CXMT-USDT