Funding you earn now, next payment 08:00 UTC−0.0279%/8h= −30.6% APRnext payment −$2.79 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget+0.136%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.136%, 7d avg +0.071%
=The price spread pays, funding is against you. Gate is 0.066% dearer against Bitget than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.071%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.092% in total) that is about 5.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.79 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 | Bitget XIAOMIUSDT | 3.5172 | 0.0279 | pay 0.0279% / 8h | 1h 59m | $925K | $376K | 5x |
| Short | Gate XIAOMI_USDT | 3.5220 | 0 | get 0.0000% / 8h | 1h 59m | $1.0M | $394K | 25x |
Bitget XIAOMIUSDT
Gate XIAOMI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$58.59
- Price spread: +0.136% → +0.071%
- $6.58
- Slippage, 4 orders
- −$99.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$178.74
- Costs to cover
- 1.267%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 47 min ago; Gate: live order book, 3 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 Bitget live order book, 47 min ago | 13.99 bp | 34.8 bp −$35 | 64.9 bp −$649 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 4.26 bp | 35.3 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
XIAOMI on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XIAOMIUSDT | 0.0000% | 8h | 3.5445 | +0.776% | $84K | $2K | 5x | as long as short |
| Bybit XIAOMIUSDT | 0.0000% | 8h | 3.5170 | −0.006% | $285K | $96K | 25x | as long as short |
| Gate XIAOMI_USDTshort | 0.0000% | 8h | 3.5220 | +0.136% | $1.0M | $394K | 25x | |
| Lighter XIAOMI | +0.0032% | 1h | 3.5233 | +0.173% | $11K | $7K | 10x | as long as short |
| edgeX XIAOMIUSDC | +0.0200% | 4h | 3.5135 | −0.104% | $153K | $252K | 10x | as long as short |
| Bitget XIAOMIUSDTlong | +0.0279% | 8h | 3.5172 | long leg | $925K | $376K | 5x | |
| OKX XIAOMI-USDT-SWAP | +0.0327% | 8h | 3.5150 | −0.063% | $3.7M | $3.8M | 20x | as long as short |
Aster XIAOMIUSDT
Bybit XIAOMIUSDT
Lighter XIAOMI
edgeX XIAOMIUSDC
OKX XIAOMI-USDT-SWAP