Funding you earn now, next payment 07:00 UTC+0.1666%/8h= +182.5% APRpaid last 24h −0.004%
Price spread now: Popdex against OKX+0.023%7-day average +0.049% · 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−$61as in the Price arb table
costs, in and out, $10k−$580.584% of the position
Funding, last 4 days (all we have)−0.286%−$29 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.023%, 7d avg +0.049%
=Funding pays, the price is against you. Popdex is 0.026% cheaper against OKX than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.049%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$50 a day). Mind the row above: over the last 4 days funding on this pair cost −0.286%, 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 -0.286% in total (about -28.4% 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 | OKX CXMT-USDT-SWAP | 8.5800 | −0.4082 | get 0.4082% / 8h | 1h 40m | $1.3M | $5.4M | 20x |
| Short | Popdex CXMTUSDT | 8.5820 | −0.2416 | pay 0.0302% / 1h | 40m 01s | $2K | $116K | 20x |
OKX CXMT-USDT-SWAP
Popdex CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against OKX. 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
- $349.93
- Price spread: +0.023% → +0.049%
- −$2.59
- Slippage, 4 orders
- −$41.96
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $288.98
- Costs to cover
- 0.584%
- Break-even
- 1.2 days
Slippage from OKX: live order book, 3 min ago; Popdex: live order book, 4 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 OKX live order book, 3 min ago | 2.33 bp | 15.1 bp −$15 | 85.6 bp −$856 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 4 min ago | 2.33 bp | 12.5 bp −$12 | 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 | −0.4562% | 4h | 8.5793 | −0.008% | $4.2M | $9.3M | 20x | as long as short |
| OKX CXMT-USDT-SWAPlong | −0.4082% | 8h | 8.5800 | long leg | $1.3M | $5.4M | 20x | |
| Bybit CXMTUSDT | −0.4065% | 8h | 8.5850 | +0.058% | $1.1M | $1.1M | 20x | as long as short |
| Bitget CXMTUSDT | −0.3603% | 8h | 8.5790 | −0.012% | $620K | $851K | 20x | as long as short |
| Aster CXMTUSDT | −0.3070% | 8h | 8.6090 | +0.338% | $138K | $87K | 20x | as long as short |
| Gate CXMT_USDT | −0.2648% | 1h | 8.5620 | −0.210% | $5.7M | $13.4M | 50x | as long as short |
| Polymarket Perps CXMT-USD | −0.2465% | 1h | 8.5806 | +0.007% | $8K | $50K | 10x | as long as short |
| Popdex CXMTUSDTshort | −0.2416% | 1h | 8.5820 | +0.023% | $2K | $116K | 20x | |
| tradeXYZ xyz:CXMT | −0.2317% | 1h | 8.5751 | −0.057% | $55.9M | $9.9M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1779% | 1h | 8.5766 | −0.040% | $29K | $33K | 10x | as long as short |
Binance CXMTUSDT
Bybit CXMTUSDT
Bitget CXMTUSDT
Aster CXMTUSDT
Gate CXMT_USDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Ondo Perps CXMT-USD.PShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX CXMT-USD | −0.1399% | 1h | 8.5744 | −0.065% | $228K | $9K | 5x | as long as short |
| SunX CXMT-USDT | −0.1157% | 4h | 8.5850 | +0.058% | $84 | $2.4M | 10x | as long as short |
| Lighter CXMT | −0.0584% | 1h | 8.5841 | +0.048% | $101K | $18K | 5x | as long as short |
| edgeX CXMTUSDC | −0.0028% | 4h | 8.5743 | −0.067% | $434K | $243K | 10x | as long as short |
| ApeX Omni CXMTUSDT | −0.0012% | 1h | 8.5800 | 0.000% | $8K | $251K | 50x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6600 | +0.932% | $32K | $39K | 10x | as long as short |
SoDEX CXMT-USD
SunX CXMT-USDT
Lighter CXMT
edgeX CXMTUSDC
ApeX Omni CXMTUSDT
HTX CXMT-USDT