Funding you earn now, next payment 04:00 UTC+0.2244%/8h= +245.7% APRnext payment +$2.80 per $10,000 · paid last 24h +0.085%
Price spread now: Lighter against tradeXYZ+0.310%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$930.926% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.310%, 7d avg +0.152%
=Together, before fees−0.031%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Lighter is 0.158% dearer against tradeXYZ than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.152%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.80 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 | tradeXYZ xyz:CXMT | 8.6793 | −0.4108 | get 0.0513% / 1h | 32m 51s | $56.5M | $8.9M | 10x |
| Short | Lighter CXMT | 8.7062 | −0.1864 | pay 0.0233% / 1h | 32m 51s | $102K | $18K | 5x |
tradeXYZ xyz:CXMT
Lighter CXMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- $471.23
- Price spread: +0.310% → +0.152%
- $15.75
- Slippage, 4 orders
- −$74.63
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $394.36
- Costs to cover
- 0.926%
- Break-even
- 1.1 days
Slippage from tradeXYZ: live order book, 7 min ago; Lighter: live order book, 63 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 tradeXYZ live order book, 7 min ago | 0.81 bp | 16.0 bp −$16 | 18.8 bp −$188 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 63 min ago | 15.27 bp | 44.9 bp −$45 | 86.6 bp −$866 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Popdex CXMTUSDT | −0.4848% | 1h | 8.7060 | +0.308% | $1K | $115K | 20x | as long as short |
| Bybit CXMTUSDT | −0.4623% | 8h | 8.6790 | −0.003% | $1.0M | $959K | 20x | as long as short |
| Polymarket Perps CXMT-USD | −0.4303% | 1h | 8.7090 | +0.342% | $8K | $49K | 10x | as long as short |
| Binance CXMTUSDT | −0.4159% | 4h | 8.6991 | +0.228% | $4.5M | $8.6M | 20x | as long as short |
| tradeXYZ xyz:CXMTlong | −0.4108% | 1h | 8.6793 | long leg | $56.5M | $8.9M | 10x | |
| Gate CXMT_USDT | −0.3320% | 1h | 8.6780 | −0.015% | $5.9M | $12.7M | 50x | as long as short |
| SoDEX CXMT-USD | −0.3302% | 1h | 8.6855 | +0.071% | $231K | $9K | 5x | as long as short |
| Ondo Perps CXMT-USD.P | −0.2893% | 1h | 8.7112 | +0.368% | $29K | $33K | 10x | as long as short |
| OKX CXMT-USDT-SWAP | −0.2119% | 8h | 8.6790 | −0.003% | $1.4M | $5.1M | 20x | as long as short |
| Bitget CXMTUSDT | −0.2100% | 8h | 8.6840 | +0.054% | $594K | $852K | 20x | as long as short |
Popdex CXMTUSDT
Bybit CXMTUSDT
Polymarket Perps CXMT-USD
Binance CXMTUSDT
Gate CXMT_USDT
SoDEX CXMT-USD
Ondo Perps CXMT-USD.P
OKX CXMT-USDT-SWAP
Bitget CXMTUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CXMTUSDT | −0.1869% | 1h | 8.7000 | +0.238% | $8K | $250K | 50x | as long as short |
| Aster CXMTUSDT | −0.1867% | 8h | 8.7010 | +0.250% | $141K | $99K | 20x | as long as short |
| Lighter CXMTshort | −0.1864% | 1h | 8.7062 | +0.310% | $102K | $18K | 5x | |
| SunX CXMT-USDT | −0.1713% | 4h | 8.7513 | +0.830% | $86 | $2.4M | 10x | as long as short |
| edgeX CXMTUSDC | −0.0063% | 4h | 8.6826 | +0.038% | $439K | $241K | 10x | as long as short |
| HTX CXMT-USDT | 0.0000% | 4h | 8.7787 | +1.145% | $32K | $37K | 10x | as long as short |
ApeX Omni CXMTUSDT
Aster CXMTUSDT
SunX CXMT-USDT
edgeX CXMTUSDC
HTX CXMT-USDT