VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.51 per $10,000 · paid last 24h −0.058%

Price spread now: Gate against Binance+0.099%7-day average −0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2952.946% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.099%, 7d avg −0.110%

Together, before fees−0.354%−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.209% dearer against Binance than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of −0.110%): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VELVETUSDT	0.05815	0.0201	pay 0.0101% / 4h	1h 14m	$4.3M	$5.5M	10x
Short	Gate VELVET_USDT	0.05821	0.0100	get 0.0050% / 4h	1h 14m	$694K	$906K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.099%Rate

Funding earned: −$21.26
Price spread: +0.099% → −0.110%: $20.91
Slippage, 4 orders: −$269.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$294.95
Costs to cover: 2.946%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Gate: live order book, 48 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	29.4 bp −$29	303.5 bp −$3,035	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	5.12 bp	99.4 bp −$99	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	0.05816	+0.007%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05825	+0.168%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDTshort	+0.0100%	4h	0.05821	+0.099%	$694K	$906K	10x
KuCoin VELVETUSDTM	+0.0100%	4h	0.05826	+0.185%	$942K	$529K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05831	+0.271%	$1.1M	$660K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05854	+0.665%	$35K	$51K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05837	+0.375%	$12K	$25K	20x	as long as short
BingX VELVET-USDT	+0.0152%	4h	0.05824	+0.151%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0154%	4h	0.05826	+0.193%	$2K	$205K	10x	as long as short
Extended VELVET-USD	+0.0200%	1h	0.05820	+0.090%	$5K	$161K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDT	+0.0200%	4h	0.05820	+0.082%	$2.0M	$400K	50x	as long as short
Binance VELVETUSDTlong	+0.0201%	4h	0.05815	long leg	$4.3M	$5.5M	10x
BloFin VELVET-USDT	+0.0441%	4h	0.05836	+0.357%	$261K	$130K	50x	as long as short