Funding you earn now, next payment 05:00 UTC−0.1176%/8h= −128.8% APRpaid last 24h −0.130%
Price spread now: Bitget against Lighter+0.080%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1321.324% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.080%, 7d avg −0.015%
=Together, before fees−0.248%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.095% dearer against Lighter than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.015%): +$10 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.137% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.1% 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 | Lighter CXMT | 8.6401 | −0.1280 | get 0.0160% / 1h | 47m 52s | $102K | $18K | 5x |
| Short | Bitget CXMTUSDT | 8.6470 | −0.2456 | pay 0.2456% / 8h | 3h 47m | $601K | $821K | 20x |
Lighter CXMT
Bitget CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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
- −$246.96
- Price spread: +0.080% → −0.015%
- $9.53
- Slippage, 4 orders
- −$120.37
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$369.8
- Costs to cover
- 1.324%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 43 min ago; Bitget: live order book, 3 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 Lighter live order book, 43 min ago | 30.17 bp | 37.2 bp −$37 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.05 bp | 22.4 bp −$22 | 42.6 bp −$426 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CXMTUSDT | −0.4435% | 4h | 8.6460 | +0.068% | $4.5M | $8.8M | 20x | as long as short |
| Bybit CXMTUSDT | −0.4401% | 8h | 8.6420 | +0.022% | $1.0M | $1.1M | 20x | as long as short |
| Ondo Perps CXMT-USD.P | −0.3506% | 1h | 8.6348 | −0.061% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2723% | 8h | 8.6430 | +0.034% | $1.4M | $5.2M | 20x | as long as short |
| tradeXYZ xyz:CXMT | −0.2662% | 1h | 8.6374 | −0.031% | $56.3M | $9.1M | 10x | as long as short |
| Polymarket Perps CXMT-USD | −0.2653% | 1h | 8.6372 | −0.034% | $10K | $48K | 10x | as long as short |
| Gate CXMT_USDT | −0.2512% | 1h | 8.6360 | −0.047% | $5.8M | $13.1M | 50x | as long as short |
| Bitget CXMTUSDTshort | −0.2456% | 8h | 8.6470 | +0.080% | $601K | $821K | 20x | |
| Aster CXMTUSDT | −0.2050% | 8h | 8.6713 | +0.361% | $139K | $100K | 20x | as long as short |
| SoDEX CXMT-USD | −0.1704% | 1h | 8.6376 | −0.029% | $230K | $9K | 5x | as long as short |
Binance CXMTUSDT
Bybit CXMTUSDT
Ondo Perps CXMT-USD.P
OKX CXMT-USDT-SWAP
tradeXYZ xyz:CXMT
Polymarket Perps CXMT-USD
Gate CXMT_USDT
Aster CXMTUSDT
SoDEX CXMT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CXMTlong | −0.1280% | 1h | 8.6401 | long leg | $102K | $18K | 5x | |
| ApeX Omni CXMTUSDT | −0.1117% | 1h | 8.6500 | +0.115% | $8K | $249K | 50x | as long as short |
| Popdex CXMTUSDT | −0.0448% | 1h | 8.6430 | +0.034% | $1K | $115K | 20x | as long as short |
| edgeX CXMTUSDC | −0.0080% | 4h | 8.6373 | −0.033% | $437K | $241K | 10x | as long as short |
| SunX CXMT-USDT | −0.0043% | 4h | 8.6501 | +0.116% | $85 | $2.4M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7128 | +0.841% | $32K | $37K | 10x | as long as short |
ApeX Omni CXMTUSDT
Popdex CXMTUSDT
edgeX CXMTUSDC
SunX CXMT-USDT
HTX CXMT-USDT