VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.071%

Price spread now: BloFin against Binance+0.207%51s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1081.081% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

Price spread, last 4 days (all we have)+1.009%+$101 · spread now +0.207%, 7d avg +0.029%

Together, before fees+1.385%+$138 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.178% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.029%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VELVETUSDT	0.05810	0.0193	pay 0.0097% / 4h	1h 12m	$4.3M	$5.4M	10x
Short	BloFin VELVET-USDT	0.05822	0.0433	get 0.0217% / 4h	1h 12m	$259K	$129K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.207%Rate

Funding earned: $50.39
Price spread: +0.207% → +0.029%: $17.75
Slippage, 4 orders: −$86.06
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.92
Costs to cover: 1.081%
Break-even: 12.5 days

Slippage from Binance: live order book, 11 min ago; BloFin: live order book, 27 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, 11 min ago	0.86 bp	29.4 bp −$29	303.5 bp −$3,035	doesn't fit	doesn't fit
Sell BloFin live order book, 27 min ago	0.86 bp	24.1 bp −$24	71.3 bp −$713	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	0.05810	0.000%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05821	+0.189%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05812	+0.034%	$693K	$907K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05814	+0.069%	$940K	$529K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05821	+0.189%	$1.1M	$660K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05854	+0.755%	$35K	$51K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05826	+0.275%	$12K	$25K	20x	as long as short
edgeX VELVETUSDC	+0.0154%	4h	0.05826	+0.283%	$2K	$205K	10x	as long as short
Extended VELVET-USD	+0.0192%	1h	0.05810	−0.008%	$5K	$161K	5x	as long as short
MEXC VELVET_USDT	+0.0192%	4h	0.05812	+0.034%	$2.0M	$400K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDT	+0.0192%	4h	0.05815	+0.086%	—	$1.4M	—	as long as short
Binance VELVETUSDTlong	+0.0193%	4h	0.05810	long leg	$4.3M	$5.4M	10x
BloFin VELVET-USDTshort	+0.0433%	4h	0.05822	+0.207%	$259K	$129K	50x