Funding you earn now, next payment 21:00 UTC−0.0400%/8h= −43.8% APRnext payment −$0.50 per $10,000 · paid last 24h +0.029%
Price spread now: Lighter against Gate+0.080%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.080%, 7d avg +0.037%
=Together, before fees−0.420%+ Points / potential airdropLighter: Season 3 · farm board−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.042% dearer against Gate than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.037%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.269% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.269% in total (about -14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.50 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 | Gate CXMT_USDT | 8.5320 | 0 | get 0.0000% / 1h | 31m 01s | $4.9M | $14.0M | 50x |
| Short | Lighter CXMT | 8.5388 | −0.0400 | pay 0.0050% / 1h | 31m 01s | $101K | $30K | 5x |
Gate CXMT_USDT
Lighter CXMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$84
- Price spread: +0.080% → +0.037%
- $4.24
- Slippage, 4 orders
- −$22.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$117.56
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 11 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 Gate live order book, 3 min ago | 1.76 bp | 13.0 bp −$13 | 26.7 bp −$267 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 2.05 bp | 5.1 bp −$5 | 46.7 bp −$467 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps CXMT-USD.P | −0.0789% | 1h | 8.5342 | +0.026% | $23K | $49K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.0735% | 1h | 8.5300 | −0.023% | $54.9M | $8.3M | 10x | as long as short |
| Lighter CXMTshort | −0.0400% | 1h | 8.5388 | +0.080% | $101K | $30K | 5x | |
| Polymarket Perps CXMT-USD | −0.0243% | 1h | 8.5326 | +0.007% | $8K | $47K | 10x | as long as short |
| Binance CXMTUSDT | −0.0114% | 4h | 8.5383 | +0.074% | $3.9M | $8.8M | 20x | as long as short |
| edgeX CXMTUSDC | −0.0021% | 4h | 8.5257 | −0.074% | $431K | $241K | 10x | as long as short |
| Aster CXMTUSDT | 0.0000% | 8h | 8.5469 | +0.174% | $165K | $69K | 20x | as long as short |
| Bybit CXMTUSDT | 0.0000% | 8h | 8.5340 | +0.023% | $968K | $700K | 20x | as long as short |
| OKX CXMT-USDT-SWAP | 0.0000% | 8h | 8.5320 | 0.000% | $1.1M | $5.5M | 20x | as long as short |
| Gate CXMT_USDTlong | 0.0000% | 1h | 8.5320 | long leg | $4.9M | $14.0M | 50x |
Ondo Perps CXMT-USD.P
tradeXYZ xyz:CXMT
Polymarket Perps CXMT-USD
Binance CXMTUSDT
edgeX CXMTUSDC
Aster CXMTUSDT
Bybit CXMTUSDT
OKX CXMT-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CXMTUSDT | 0.0000% | 8h | 8.5370 | +0.059% | $524K | $874K | 20x | as long as short |
| SunX CXMT-USDT | 0.0000% | 4h | 8.5459 | +0.163% | $84 | $2.6M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.5864 | +0.638% | $31K | $38K | 10x | as long as short |
| Popdex CXMTUSDT | +0.0048% | 1h | 8.5350 | +0.035% | $5K | $110K | 20x | as long as short |
| SoDEX CXMT-USD | +0.0050% | 1h | 8.5340 | +0.023% | $227K | $9K | 5x | as long as short |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.5000 | −0.375% | $8K | $250K | 50x | as long as short |
Bitget CXMTUSDT
SunX CXMT-USDT
HTX CXMT-USDT
Popdex CXMTUSDT
SoDEX CXMT-USD
ApeX Omni CXMTUSDT