Funding you earn now, next payment 08:00 UTC−0.3112%/8h= −340.7% APRpaid last 24h −0.132%
Price spread now: Bybit against SunX−0.035%46s7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.035%, 7d avg −0.101%
=The price spread pays, funding is against you. Bybit is 0.066% dearer against SunX than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.101%): +$7 on $10k if it goes back. Holding the pair costs −$93 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.191% in total) that is about 2.4 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% 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 | SunX CXMT-USDT | 8.5920 | −0.0139 | get 0.0070% / 4h | 11m 40s | $84 | $2.3M | 10x |
| Short | Bybit CXMTUSDT | 8.5890 | −0.3251 | pay 0.3251% / 8h | 11m 40s | $961K | $1.4M | 20x |
SunX CXMT-USDT
Bybit CXMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SunX. 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
- −$653.42
- Price spread: −0.035% → −0.101%
- $6.61
- Slippage, 4 orders
- −$79.82
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$745.63
- Costs to cover
- 0.988%
- Break-even
- never at this rate
Slippage from SunX: live order book, 5 min ago; Bybit: 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 SunX live order book, 5 min ago | 22.73 bp | 26.7 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.75 bp | 19.1 bp −$19 | 324.8 bp −$3,248 | 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 | −0.3606% | 8h | 8.5940 | +0.023% | $1.3M | $5.7M | 20x | as long as short |
| Bitget CXMTUSDT | −0.3449% | 8h | 8.5950 | +0.035% | $674K | $1.0M | 20x | as long as short |
| Binance CXMTUSDT | −0.3281% | 4h | 8.5861 | −0.069% | $4.1M | $9.8M | 20x | as long as short |
| Bybit CXMTUSDTshort | −0.3251% | 8h | 8.5890 | −0.035% | $961K | $1.4M | 20x | |
| Gate CXMT_USDT | −0.3016% | 1h | 8.5620 | −0.349% | $5.6M | $13.6M | 50x | as long as short |
| Aster CXMTUSDT | −0.2715% | 8h | 8.5738 | −0.212% | $137K | $70K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.1882% | 1h | 8.5630 | −0.338% | $8K | $48K | 10x | as long as short |
| tradeXYZ xyz:CXMT | −0.1644% | 1h | 8.5683 | −0.276% | $55.9M | $9.9M | 10x | as long as short |
| Ondo Perps CXMT-USD.P | −0.1511% | 1h | 8.5448 | −0.549% | $28K | $33K | 10x | as long as short |
| SoDEX CXMT-USD | −0.0619% | 1h | 8.5785 | −0.157% | $228K | $9K | 5x | as long as short |
OKX CXMT-USDT-SWAP
Bitget CXMTUSDT
Binance 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-USDTlong | −0.0139% | 4h | 8.5920 | long leg | $84 | $2.3M | 10x | |
| edgeX CXMTUSDC | −0.0047% | 4h | 8.5636 | −0.331% | $459K | $268K | 10x | as long as short |
| Lighter CXMT | −0.0008% | 1h | 8.5792 | −0.149% | $101K | $18K | 5x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.6482 | +0.654% | $32K | $38K | 10x | as long as short |
| Popdex CXMTUSDT | +0.0048% | 1h | 8.5840 | −0.093% | $2K | $115K | 20x | as long as short |
| ApeX Omni CXMTUSDT | +0.0100% | 1h | 8.5900 | −0.023% | $8K | $251K | 50x | as long as short |
edgeX CXMTUSDC
Lighter CXMT
HTX CXMT-USDT
Popdex CXMTUSDT
ApeX Omni CXMTUSDT