Funding you earn now, next payment 08:00 UTC−0.0215%/8h= −23.6% APRnext payment −$2.15 per $10,000 · paid last 24h −0.071%
Price spread now: Gate against OKX+0.230%7-day average +0.273% · you sell dearer than you buy
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2222.219% of the position
Funding, last 7 days−0.302%−$30 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now +0.230%, 7d avg +0.273%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.043% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.273%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XIAOMI-USDT-SWAP | 3.4760 | 0.0215 | pay 0.0215% / 8h | 37m 58s | $3.6M | $3.6M | 20x |
| Short | Gate XIAOMI_USDT | 3.4840 | 0 | get 0.0000% / 8h | 37m 58s | $1.0M | $374K | 25x |
OKX XIAOMI-USDT-SWAP
Gate XIAOMI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- −$45.18
- Price spread: +0.230% → +0.273%
- −$4.31
- Slippage, 4 orders
- −$196.92
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$271.41
- Costs to cover
- 2.219%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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 OKX live order book, 4 min ago | 1.44 bp | 22.7 bp −$23 | 254.3 bp −$2,543 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 8.61 bp | 38.8 bp −$39 | 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 | 3.5450 | +1.985% | $84K | $2K | 5x | as long as short |
| Bybit XIAOMIUSDT | 0.0000% | 8h | 3.4820 | +0.173% | $283K | $95K | 25x | as long as short |
| Gate XIAOMI_USDTshort | 0.0000% | 8h | 3.4840 | +0.230% | $1.0M | $374K | 25x | |
| Lighter XIAOMI | +0.0112% | 1h | 3.4808 | +0.138% | $11K | $7K | 10x | as long as short |
| OKX XIAOMI-USDT-SWAPlong | +0.0215% | 8h | 3.4760 | long leg | $3.6M | $3.6M | 20x | |
| Bitget XIAOMIUSDT | +0.0254% | 8h | 3.4778 | +0.052% | $920K | $400K | 5x | as long as short |
| edgeX XIAOMIUSDC | +0.0615% | 4h | 3.4812 | +0.149% | $152K | $250K | 10x | as long as short |
Aster XIAOMIUSDT
Bybit XIAOMIUSDT
Lighter XIAOMI
Bitget XIAOMIUSDT
edgeX XIAOMIUSDC