Funding you earn now, next payment 08:00 UTC−0.3811%/8h= −417.3% APRpaid last 24h −0.126%
Price spread now: OKX against Lighter+0.136%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$840.844% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.136%, 7d avg −0.068%
=Together, before fees−0.259%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.204% dearer against Lighter than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of −0.068%): +$20 on $10k if it goes back. Holding the pair costs −$114 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.086% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% 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 | 8.5983 | −0.0072 | get 0.0009% / 1h | 34m 18s | $101K | $18K | 5x |
| Short | OKX CXMT-USDT-SWAP | 8.6100 | −0.3883 | pay 0.3883% / 8h | 34m 18s | $1.3M | $5.7M | 20x |
Lighter CXMT
OKX CXMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$800.32
- Price spread: +0.136% → −0.068%
- $20.39
- Slippage, 4 orders
- −$74.42
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$864.35
- Costs to cover
- 0.844%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 41 min ago; OKX: 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, 41 min ago | 14.14 bp | 24.4 bp −$24 | 69.5 bp −$695 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.58 bp | 13.1 bp −$13 | 142.4 bp −$1,424 | 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 | −0.3883% | 8h | 8.6100 | +0.136% | $1.3M | $5.7M | 20x | |
| Binance CXMTUSDT | −0.3750% | 4h | 8.6030 | +0.055% | $4.2M | $9.6M | 20x | as long as short |
| Bitget CXMTUSDT | −0.3577% | 8h | 8.6040 | +0.066% | $647K | $957K | 20x | as long as short |
| Bybit CXMTUSDT | −0.3549% | 8h | 8.6090 | +0.124% | $1.1M | $1.2M | 20x | as long as short |
| Gate CXMT_USDT | −0.2992% | 1h | 8.5730 | −0.294% | $5.6M | $13.5M | 50x | as long as short |
| Aster CXMTUSDT | −0.2991% | 8h | 8.5933 | −0.058% | $138K | $70K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.2069% | 1h | 8.5734 | −0.290% | $8K | $47K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.1850% | 1h | 8.5846 | −0.159% | $56.0M | $9.8M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1486% | 1h | 8.5603 | −0.442% | $28K | $33K | 10x | as long as short |
| SoDEX CXMT-USD | −0.0671% | 1h | 8.5940 | −0.050% | $229K | $9K | 5x | as long as short |
Binance CXMTUSDT
Bitget CXMTUSDT
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX CXMT-USDT | −0.0396% | 4h | 8.6040 | +0.066% | $84 | $2.3M | 10x | as long as short |
| Lighter CXMTlong | −0.0072% | 1h | 8.5983 | long leg | $101K | $18K | 5x | |
| edgeX CXMTUSDC | −0.0025% | 4h | 8.5825 | −0.184% | $460K | $267K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6638 | +0.762% | $32K | $38K | 10x | as long as short |
| Popdex CXMTUSDT | +0.0048% | 1h | 8.5960 | −0.027% | $2K | $115K | 20x | as long as short |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.6100 | +0.136% | $8K | $252K | 50x | as long as short |
SunX CXMT-USDT
edgeX CXMTUSDC
HTX CXMT-USDT
Popdex CXMTUSDT
ApeX Omni CXMTUSDT