Funding you earn now, next payment 08:00 UTC+0.0914%/8h= +100.1% APRnext payment +$9.14 per $10,000 · paid last 24h +0.071%
Price spread now: OKX against Gate−0.114%7-day average −0.278% · you buy dearer than you sell
Net, funding: paid 7d − costs−$456as in the Funding arb table
Net, price: spread back to 7d avg − costs−$470as in the Price arb table
costs, in and out, $10k−$4864.860% of the position
Funding, last 7 days+0.302%+$30 on $10k
+Price spread, last 7 days−0.250%−$25 · spread now −0.114%, 7d avg −0.278%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and OKX is 0.165% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.278%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.302% in total (about 15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.14 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 | 3.5190 | 0 | get 0.0000% / 8h | 4h 21m | $1.0M | $539K | 25x |
| Short | OKX XIAOMI-USDT-SWAP | 3.5150 | 0.0914 | get 0.0914% / 8h | 4h 21m | $3.7M | $3.9M | 20x |
Gate XIAOMI_USDT
OKX XIAOMI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $191.89
- Price spread: −0.114% → −0.278%
- $16.47
- Slippage, 4 orders
- −$460.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$277.62
- Costs to cover
- 4.860%
- Break-even
- 17.1 days
Slippage from Gate: live order book, just now; OKX: live order book, 1 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, just now | 12.77 bp | 273.2 bp −$273 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.42 bp | 20.0 bp −$20 | 121.0 bp −$1,210 | 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 | 3.5729 | +1.533% | $85K | $2K | 5x | as long as short |
| Bybit XIAOMIUSDT | 0.0000% | 8h | 3.5190 | 0.000% | $285K | $111K | 25x | as long as short |
| Gate XIAOMI_USDTlong | 0.0000% | 8h | 3.5190 | long leg | $1.0M | $539K | 25x | |
| Lighter XIAOMI | +0.0032% | 1h | 3.5236 | +0.131% | $11K | $7K | 10x | as long as short |
| edgeX XIAOMIUSDC | +0.0206% | 4h | 3.5155 | −0.100% | $153K | $250K | 10x | as long as short |
| Bitget XIAOMIUSDT | +0.0288% | 8h | 3.5175 | −0.043% | $902K | $368K | 5x | as long as short |
| OKX XIAOMI-USDT-SWAPshort | +0.0914% | 8h | 3.5150 | −0.114% | $3.7M | $3.9M | 20x |
Aster XIAOMIUSDT
Bybit XIAOMIUSDT
Lighter XIAOMI
edgeX XIAOMIUSDC
Bitget XIAOMIUSDT