Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.058%

Price spread now: BingX against Binance−0.139%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$770.774% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.139%, 7d avg +0.003%

Together, before fees+0.365%+$36 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: BingX is 0.141% cheaper against Binance than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VELVETUSDT	0.05803	0.0100	pay 0.0050% / 4h	51m 54s	$4.3M	$4.7M	10x
Short	BingX VELVET-USDT	0.05795	0.0100	get 0.0050% / 4h	51m 54s	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → +0.003%: −$14.12
Slippage, 4 orders: −$57.39
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.51
Costs to cover: 0.774%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; BingX: live order book, 3 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 Binance live order book, 9 min ago	0.86 bp	27.3 bp −$27	176.1 bp −$1,761	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.86 bp	10.9 bp −$11	74.2 bp −$742	doesn't fit	doesn't fit

VELVET on 13 exchanges

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 VELVETUSDT	+0.0100%	4h	0.05795	−0.144%	$8K	$16K	5x	as long as short
Binance VELVETUSDTlong	+0.0100%	4h	0.05803	long leg	$4.3M	$4.7M	10x
Bybit VELVETUSDT	+0.0100%	4h	0.05797	−0.104%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05791	−0.208%	$685K	$908K	10x	as long as short
MEXC VELVET_USDT	+0.0100%	4h	0.05799	−0.070%	$2.0M	$363K	50x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05797	−0.104%	$1.0M	$382K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05812	+0.154%	$1.1M	$554K	10x	as long as short
BingX VELVET-USDTshort	+0.0100%	4h	0.05795	−0.139%	—	$1.4M	—
Variational Omni VELVET	+0.0100%	4h	0.05803	+0.007%	$38K	$12K	—	as long as short
edgeX VELVETUSDC	+0.0100%	4h	0.05801	−0.041%	$1K	$186K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX VELVET-USDT	+0.0100%	4h	0.05803	−0.001%	$12K	$13K	20x	as long as short
Extended VELVET-USD	+0.0104%	1h	0.05796	−0.114%	$2K	$225K	5x	as long as short
BloFin VELVET-USDT	+0.0340%	4h	0.05804	+0.016%	$263K	$98K	50x	as long as short