Funding you earn now, next payment 04:00 UTC−0.1324%/8h= −144.9% APRpaid last 24h −0.035%
Price spread now: Bybit against Popdex−0.219%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$860.859% of the position
Funding, last 4 days (all we have)+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.219%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Bybit is 0.170% cheaper against Popdex than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.017% in total (about 1.8% 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 | Popdex CXMTUSDT | 8.6850 | −0.3272 | get 0.0409% / 1h | 14m 20s | $1K | $115K | 20x |
| Short | Bybit CXMTUSDT | 8.6660 | −0.4596 | pay 0.4596% / 8h | 4h 14m | $1.0M | $1.0M | 20x |
Popdex CXMTUSDT
Bybit CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Popdex. 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
- −$277.97
- Price spread: −0.219% → −0.049%
- −$16.98
- Slippage, 4 orders
- −$68.55
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$380.89
- Costs to cover
- 0.859%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 44 min ago; Bybit: live order book, 1 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 Popdex live order book, 44 min ago | 7.47 bp | 32.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.73 bp | 13.7 bp −$14 | 122.1 bp −$1,221 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CXMTUSDTshort | −0.4596% | 8h | 8.6660 | −0.219% | $1.0M | $1.0M | 20x | |
| Binance CXMTUSDT | −0.4302% | 4h | 8.6860 | +0.012% | $4.5M | $8.7M | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.3803% | 1h | 8.6728 | −0.140% | $8K | $50K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.3634% | 1h | 8.6651 | −0.229% | $56.4M | $8.9M | 10x | as long as short |
| Popdex CXMTUSDTlong | −0.3272% | 1h | 8.6850 | long leg | $1K | $115K | 20x | |
| Gate CXMT_USDT | −0.2888% | 1h | 8.6610 | −0.276% | $5.9M | $13.0M | 50x | as long as short |
| Ondo Perps CXMT-USD.P | −0.2573% | 1h | 8.6498 | −0.405% | $29K | $33K | 10x | as long as short |
| SoDEX CXMT-USD | −0.2514% | 1h | 8.6670 | −0.207% | $230K | $9K | 5x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2428% | 8h | 8.6710 | −0.161% | $1.5M | $5.2M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2303% | 8h | 8.6700 | −0.173% | $595K | $834K | 20x | as long as short |
Binance CXMTUSDT
Polymarket Perps CXMT-USD
tradeXYZ xyz:CXMT
Gate CXMT_USDT
Ondo Perps CXMT-USD.P
SoDEX CXMT-USD
OKX CXMT-USDT-SWAP
Bitget CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CXMTUSDT | −0.1997% | 8h | 8.6860 | +0.012% | $139K | $100K | 20x | as long as short |
| Lighter CXMT | −0.1472% | 1h | 8.6815 | −0.040% | $102K | $18K | 5x | as long as short |
| SunX CXMT-USDT | −0.1423% | 4h | 8.6920 | +0.081% | $85 | $2.4M | 10x | as long as short |
| ApeX Omni CXMTUSDT | −0.1202% | 1h | 8.6900 | +0.058% | $8K | $250K | 50x | as long as short |
| edgeX CXMTUSDC | −0.0025% | 4h | 8.6675 | −0.201% | $438K | $242K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7535 | +0.789% | $32K | $37K | 10x | as long as short |
Aster CXMTUSDT
Lighter CXMT
SunX CXMT-USDT
ApeX Omni CXMTUSDT
edgeX CXMTUSDC
HTX CXMT-USDT