VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0191%/8h= −20.9% APRnext payment −$0.95 per $10,000 · paid last 24h −0.048%

Price spread now: Bitget against Binance+0.034%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1201.202% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now +0.034%, 7d avg +0.076%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.042% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.076%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VELVETUSDT	0.05889	0.0291	pay 0.0145% / 4h	2h 48m	$4.4M	$5.4M	10x
Short	Bitget VELVETUSDT	0.05891	0.0100	get 0.0050% / 4h	2h 48m	$1.1M	$631K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$40.05
Price spread: +0.034% → +0.076%: −$4.23
Slippage, 4 orders: −$98.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$164.47
Costs to cover: 1.202%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 2 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, 4 min ago	2.55 bp	23.7 bp −$24	275.1 bp −$2,751	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.23 bp	38.3 bp −$38	doesn't fit	doesn't fit	doesn't fit

VELVET on 13 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 VELVETUSDT	+0.0100%	4h	0.05894	+0.089%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05891	+0.034%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05888	−0.017%	$705K	$858K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05891	+0.034%	$971K	$527K	10x	as long as short
Bitget VELVETUSDTshort	+0.0100%	4h	0.05891	+0.034%	$1.1M	$631K	10x
Variational Omni VELVET	+0.0100%	4h	0.05884	−0.083%	$36K	$51K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05889	0.000%	$12K	$26K	20x	as long as short
Extended VELVET-USD	+0.0288%	1h	0.05894	+0.079%	$3K	$158K	5x	as long as short
MEXC VELVET_USDT	+0.0290%	4h	0.05884	−0.085%	$2.0M	$393K	50x	as long as short
Binance VELVETUSDTlong	+0.0291%	4h	0.05889	long leg	$4.4M	$5.4M	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX VELVETUSDC	+0.0323%	4h	0.05876	−0.218%	$1K	$205K	10x	as long as short
BingX VELVET-USDT	+0.0324%	4h	0.05888	−0.017%	—	$1.4M	—	as long as short
BloFin VELVET-USDT	+0.0531%	4h	0.05887	−0.034%	$262K	$125K	50x	as long as short