[Python] Set pad between arrow and text in annotate function

How do I set the distance (padding) between the arrow and the text in matplotlib's annotate function? Sometimes the text ends up being too close to the arrow and I would like to move them a little further apart.

Basic example:

import matplotlib.pyplot as plt

plt.annotate('Here it is!',xy=(-1,-1),xytext=(0,0),
arrowprops=dict(arrowstyle='->',lw=1.5))

plt.xlim(-10,10)
plt.ylim(-10,10)

plt.show()




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