Settings8H · net · $10k
Funding arb · Price arb /

VELODROME

all VELODROME markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.332%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$422as in the Funding arb table
Net, price: spread back to 7d avg − costs−$383as in the Price arb table
costs, in and out, $10k−$4014.012% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.211%−$21 on $10k
Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.332%, 7d avg +0.152%
Together, before fees−0.465%−$46 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.179% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.152%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit VELODROMEUSDT0.029860.0100pay 0.0050% / 4h48m 24s$800K$331K20x
ShortBitget VELODROMEUSDT0.029960.0100get 0.0050% / 4h48m 24s$533K$24K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.332% → +0.152%
$17.9
Slippage, 4 orders
−$378.24
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$383.34
Costs to cover
4.012%
Break-even
never at this rate
Slippage from Bybit: live order book, 6 min ago; Bitget: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 6 min ago5.00 bp156.1 bp −$156doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago14.30 bp51.6 bp −$52447.8 bp −$4,478doesn't fitdoesn't fit

VELODROME on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance VELODROMEUSDT+0.0100%4h0.02993+0.211%$7.7M$1.5M50xas long as short
Bybit VELODROMEUSDTlong+0.0100%4h0.02986long leg$800K$331K20x
Gate VELODROME_USDT+0.0100%4h0.02991+0.154%$124K$6K20xas long as short
MEXC VELODROME_USDT+0.0100%4h0.02992+0.188%$241K$91K50xas long as short
Bitget VELODROMEUSDTshort+0.0100%4h0.02996+0.332%$533K$24K20x
BingX VELODROME-USDT+0.0100%4h0.02990+0.121%$1.2Mas long as short
Variational Omni VELODROME+0.0100%4h0.02991+0.143%$79K$3Kas long as short