Funding you earn now, next payment 05:00 UTC+0.0584%/8h= +63.9% APRnext payment +$0.73 per $10,000 · paid last 24h −0.106%
Price spread now: Popdex against Lighter+0.033%7-day average −0.012% · 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−$85as in the Price arb table
costs, in and out, $10k−$890.892% of the position
Funding, last 4 days (all we have)−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.033%, 7d avg −0.012%
=Together, before fees−0.204%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Popdex is 0.045% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.012%. Mind the row above: over the last 4 days funding on this pair cost −0.161%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.161% in total (about -16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.73 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 | Lighter CXMT | 8.6152 | −0.0616 | get 0.0077% / 1h | 14m 09s | $101K | $18K | 5x |
| Short | Popdex CXMTUSDT | 8.6180 | −0.0032 | pay 0.0004% / 1h | 14m 09s | $2K | $115K | 20x |
Lighter CXMT
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $122.64
- Price spread: +0.033% → −0.012%
- $4.47
- Slippage, 4 orders
- −$82.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $37.91
- Costs to cover
- 0.892%
- Break-even
- 4.8 days
Slippage from Lighter: live order book, 11 min ago; Popdex: live order book, 39 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, 11 min ago | 17.38 bp | 23.4 bp −$23 | 60.5 bp −$605 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 39 min ago | 2.31 bp | 11.3 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance CXMTUSDT | −0.4248% | 4h | 8.6163 | +0.013% | $4.4M | $8.9M | 20x | as long as short |
| Bybit CXMTUSDT | −0.3920% | 8h | 8.6190 | +0.044% | $1.0M | $1.1M | 20x | as long as short |
| Ondo Perps CXMT-USD.P | −0.3187% | 1h | 8.5809 | −0.398% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2901% | 8h | 8.6170 | +0.021% | $1.4M | $5.3M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2523% | 8h | 8.6160 | +0.009% | $601K | $827K | 20x | as long as short |
| tradeXYZ xyz:CXMT | −0.2082% | 1h | 8.6071 | −0.094% | $56.2M | $9.1M | 10x | as long as short |
| Gate CXMT_USDT | −0.2056% | 1h | 8.6090 | −0.072% | $5.8M | $13.4M | 50x | as long as short |
| Aster CXMTUSDT | −0.1917% | 8h | 8.6430 | +0.323% | $139K | $100K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.1672% | 1h | 8.6129 | −0.027% | $10K | $47K | 10x | as long as short |
| SoDEX CXMT-USD | −0.1081% | 1h | 8.6130 | −0.026% | $229K | $9K | 5x | as long as short |
Binance CXMTUSDT
Bybit CXMTUSDT
Ondo Perps CXMT-USD.P
OKX CXMT-USDT-SWAP
Bitget CXMTUSDT
tradeXYZ xyz:CXMT
Gate CXMT_USDT
Aster CXMTUSDT
Polymarket Perps CXMT-USD
SoDEX CXMT-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CXMTlong | −0.0616% | 1h | 8.6152 | long leg | $101K | $18K | 5x | |
| edgeX CXMTUSDC | −0.0094% | 4h | 8.6085 | −0.078% | $435K | $242K | 10x | as long as short |
| Popdex CXMTUSDTshort | −0.0032% | 1h | 8.6180 | +0.033% | $2K | $115K | 20x | |
| SunX CXMT-USDT | 0.0000% | 4h | 8.6211 | +0.068% | $84 | $2.4M | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6616 | +0.539% | $32K | $37K | 10x | as long as short |
| ApeX Omni CXMTUSDT | +0.0090% | 1h | 8.6100 | −0.060% | $8K | $251K | 50x | as long as short |
edgeX CXMTUSDC
SunX CXMT-USDT
HTX CXMT-USDT
ApeX Omni CXMTUSDT