Funding you earn now, next payment 08:00 UTC+0.0383%/8h= +41.9% APRnext payment +$3.83 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate−0.141%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.141%, 7d avg −0.071%
=Funding pays, the price is against you. Bitget is 0.071% cheaper against Gate than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of −0.071%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.092% in total) that is about 5.4 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 +$3.83 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 | Gate XIAOMI_USDT | 3.5400 | 0 | get 0.0000% / 8h | 2h 37m | $1.0M | $450K | 25x |
| Short | Bitget XIAOMIUSDT | 3.5350 | 0.0383 | get 0.0383% / 8h | 2h 37m | $929K | $379K | 5x |
Gate XIAOMI_USDT
Bitget XIAOMIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $80.43
- Price spread: −0.141% → −0.071%
- −$7.06
- Slippage, 4 orders
- −$93.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$47.29
- Costs to cover
- 1.207%
- Break-even
- 11.1 days
Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 8 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 Gate live order book, 4 min ago | 5.65 bp | 31.0 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 8 min ago | 13.99 bp | 29.4 bp −$29 | 43.7 bp −$437 | 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 | 3.5556 | +0.440% | $84K | $2K | 5x | as long as short |
| Bybit XIAOMIUSDT | 0.0000% | 8h | 3.5410 | +0.028% | $287K | $97K | 25x | as long as short |
| Gate XIAOMI_USDTlong | 0.0000% | 8h | 3.5400 | long leg | $1.0M | $450K | 25x | |
| Lighter XIAOMI | +0.0032% | 1h | 3.5428 | +0.079% | $11K | $7K | 10x | as long as short |
| Bitget XIAOMIUSDTshort | +0.0383% | 8h | 3.5350 | −0.141% | $929K | $379K | 5x | |
| OKX XIAOMI-USDT-SWAP | +0.0518% | 8h | 3.5360 | −0.113% | $3.8M | $3.8M | 20x | as long as short |
| edgeX XIAOMIUSDC | +0.0791% | 4h | 3.5391 | −0.026% | $154K | $250K | 10x | as long as short |
Aster XIAOMIUSDT
Bybit XIAOMIUSDT
Lighter XIAOMI
OKX XIAOMI-USDT-SWAP
edgeX XIAOMIUSDC