Funding you earn now, next payment 08:00 UTC−0.0571%/8h= −62.5% APRnext payment −$0.71 per $10,000 · paid last 24h +0.075%
Price spread now: SoDEX against Popdex−0.023%7-day average −0.130% · 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−$78as in the Price arb table
costs, in and out, $10k−$890.889% of the position
Funding, last 3 days (all we have)+0.166%+$17 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.023%, 7d avg −0.130%
=The price spread pays, funding is against you. SoDEX is 0.107% dearer against Popdex than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.130%): +$11 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 3 days funding on this pair paid +0.166%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.166% in total (about 17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.71 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 | Popdex CXMTUSDT | 8.5820 | 0.0048 | pay 0.0006% / 1h | 6m 31s | $2K | $115K | 20x |
| Short | SoDEX CXMT-USD | 8.5800 | −0.0523 | pay 0.0065% / 1h | 6m 31s | $228K | $9K | 5x |
Popdex CXMTUSDT
SoDEX CXMT-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$119.94
- Price spread: −0.023% → −0.130%
- $10.71
- Slippage, 4 orders
- −$74.47
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$198.1
- Costs to cover
- 0.889%
- Break-even
- never at this rate
Slippage from Popdex: live order book, 32 min ago; SoDEX: live order book, 32 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, 32 min ago | 3.49 bp | 21.4 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 32 min ago | 1.51 bp | 28.9 bp −$29 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CXMT-USDT-SWAP | −0.3526% | 8h | 8.5930 | +0.128% | $1.3M | $5.7M | 20x | as long as short |
| Bitget CXMTUSDT | −0.3390% | 8h | 8.5960 | +0.163% | $684K | $1.1M | 20x | as long as short |
| Bybit CXMTUSDT | −0.3174% | 8h | 8.5890 | +0.082% | $970K | $1.4M | 20x | as long as short |
| Binance CXMTUSDT | −0.3143% | 4h | 8.5845 | +0.029% | $4.1M | $9.8M | 20x | as long as short |
| Gate CXMT_USDT | −0.2968% | 1h | 8.5620 | −0.233% | $5.6M | $13.7M | 50x | as long as short |
| Aster CXMTUSDT | −0.2658% | 8h | 8.5788 | −0.037% | $137K | $70K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.1800% | 1h | 8.5569 | −0.292% | $8K | $48K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.1576% | 1h | 8.5662 | −0.184% | $55.9M | $9.9M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1474% | 1h | 8.5494 | −0.380% | $28K | $33K | 10x | as long as short |
| SoDEX CXMT-USDshort | −0.0523% | 1h | 8.5800 | −0.023% | $228K | $9K | 5x |
OKX CXMT-USDT-SWAP
Bitget CXMTUSDT
Bybit CXMTUSDT
Binance CXMTUSDT
Gate CXMT_USDT
Aster CXMTUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX CXMT-USDT | −0.0091% | 4h | 8.5849 | +0.034% | $84 | $2.3M | 10x | as long as short |
| edgeX CXMTUSDC | −0.0032% | 4h | 8.5682 | −0.161% | $459K | $267K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6372 | +0.643% | $32K | $38K | 10x | as long as short |
| Lighter CXMT | +0.0008% | 1h | 8.5828 | +0.009% | $101K | $18K | 5x | as long as short |
| Popdex CXMTUSDTlong | +0.0048% | 1h | 8.5820 | long leg | $2K | $115K | 20x | |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.5800 | −0.023% | $8K | $251K | 50x | as long as short |
SunX CXMT-USDT
edgeX CXMTUSDC
HTX CXMT-USDT
Lighter CXMT
ApeX Omni CXMTUSDT