Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.214%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1891.892% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.214%, 7d avg +0.056%
=The price spread pays, funding is against you. Bitget is 0.158% dearer against Gate than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.056%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VELODROME_USDT | 0.02997 | 0.0160 | pay 0.0080% / 4h | 3m 29s | $125K | $6K | 20x |
| Short | Bitget VELODROMEUSDT | 0.03003 | 0.0100 | get 0.0050% / 4h | 3m 29s | $532K | $23K | 20x |
Gate VELODROME_USDT
Bitget VELODROMEUSDTFunding 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
- −$12.6
- Price spread: +0.214% → +0.056%
- $15.79
- Slippage, 4 orders
- −$162.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$185.97
- Costs to cover
- 1.892%
- Break-even
- never at this rate
Slippage from Gate: live order book, 47 min ago; Bitget: live order book, 51 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, 47 min ago | 5.01 bp | 57.8 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 51 min ago | 14.30 bp | 51.6 bp −$52 | 447.8 bp −$4,478 | doesn't fit | doesn't fit |
VELODROME 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance VELODROMEUSDT | +0.0100% | 4h | 0.03000 | +0.087% | $7.7M | $1.4M | 50x | as long as short |
| Bybit VELODROMEUSDT | +0.0100% | 4h | 0.02993 | −0.147% | $806K | $331K | 20x | as long as short |
| MEXC VELODROME_USDT | +0.0100% | 4h | 0.02999 | +0.067% | $242K | $93K | 50x | as long as short |
| Bitget VELODROMEUSDTshort | +0.0100% | 4h | 0.03003 | +0.214% | $532K | $23K | 20x | |
| BingX VELODROME-USDT | +0.0100% | 4h | 0.02996 | −0.033% | — | $1.3M | — | as long as short |
| Variational Omni VELODROME | +0.0100% | 4h | 0.02989 | −0.254% | $79K | $3K | — | as long as short |
| Gate VELODROME_USDTlong | +0.0160% | 4h | 0.02997 | long leg | $125K | $6K | 20x |
Binance VELODROMEUSDT
Bybit VELODROMEUSDT
MEXC VELODROME_USDT
BingX VELODROME-USDT
Variational Omni VELODROME