Funding you earn now, next payment 08:00 UTC+0.0401%/8h= +43.9% APRnext payment +$4.01 per $10,000 · paid last 24h +0.071%
Price spread now: OKX against Bitget−0.202%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1071.071% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.202%, 7d avg −0.151%
=Funding pays, the price is against you. OKX is 0.050% cheaper against Bitget than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of −0.151%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.211% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.211% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.01 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 | 3.5211 | 0.0266 | pay 0.0266% / 8h | 3h 29m | $902K | $347K | 5x |
| Short | OKX XIAOMI-USDT-SWAP | 3.5140 | 0.0667 | get 0.0667% / 8h | 3h 29m | $3.7M | $3.8M | 20x |
Bitget XIAOMIUSDT
OKX XIAOMI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $84.14
- Price spread: −0.202% → −0.151%
- −$5.03
- Slippage, 4 orders
- −$85.07
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$27.96
- Costs to cover
- 1.071%
- Break-even
- 9.3 days
Slippage from Bitget: live order book, 21 min ago; OKX: 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, 21 min ago | 8.09 bp | 31.9 bp −$32 | 50.0 bp −$500 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.42 bp | 17.9 bp −$18 | 133.8 bp −$1,338 | 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 | 3.5435 | +0.635% | $84K | $2K | 5x | as long as short |
| Bybit XIAOMIUSDT | 0.0000% | 8h | 3.5200 | −0.031% | $286K | $98K | 25x | as long as short |
| Gate XIAOMI_USDT | 0.0000% | 8h | 3.5210 | −0.003% | $1.0M | $513K | 25x | as long as short |
| Lighter XIAOMI | +0.0032% | 1h | 3.5260 | +0.139% | $11K | $7K | 10x | as long as short |
| Bitget XIAOMIUSDTlong | +0.0266% | 8h | 3.5211 | long leg | $902K | $347K | 5x | |
| edgeX XIAOMIUSDC | +0.0278% | 4h | 3.5211 | +0.001% | $153K | $251K | 10x | as long as short |
| OKX XIAOMI-USDT-SWAPshort | +0.0667% | 8h | 3.5140 | −0.202% | $3.7M | $3.8M | 20x |
Aster XIAOMIUSDT
Bybit XIAOMIUSDT
Gate XIAOMI_USDT
Lighter XIAOMI
edgeX XIAOMIUSDC