VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.0% APRnext payment −$0.14 per $10,000 · paid last 24h +0.026%

Price spread now: KuCoin against Binance−0.171%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$374as in the Funding arb table

Net, price: spread back to 7d avg − costs−$423as in the Price arb table

costs, in and out, $10k−$4014.006% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.171%, 7d avg +0.052%

Together, before fees+0.467%+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.223% cheaper against Binance than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.052%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.264%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance VELVETUSDT	0.05832	0.0128	pay 0.0064% / 4h	16m 16s	$4.3M	$5.4M	10x
Short	KuCoin VELVETUSDTM	0.05822	0.0100	get 0.0050% / 4h	16m 16s	$923K	$528K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$5.8
Price spread: −0.171% → +0.052%: −$22.33
Slippage, 4 orders: −$378.57
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$428.7
Costs to cover: 4.006%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 13 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, 7 min ago	0.86 bp	29.7 bp −$30	370.8 bp −$3,708	doesn't fit	doesn't fit
Sell KuCoin live order book, 13 min ago	11.19 bp	290.1 bp −$290	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	0.05826	−0.110%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05830	−0.034%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05826	−0.103%	$698K	$911K	10x	as long as short
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05822	−0.171%	$923K	$528K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05839	+0.120%	$1.1M	$656K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05824	−0.139%	$35K	$51K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05827	−0.086%	$12K	$24K	20x	as long as short
BingX VELVET-USDT	+0.0120%	4h	0.05834	+0.034%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0120%	4h	0.05821	−0.191%	$2K	$205K	10x	as long as short
MEXC VELVET_USDT	+0.0126%	4h	0.05836	+0.069%	$2.0M	$401K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VELVETUSDTlong	+0.0128%	4h	0.05832	long leg	$4.3M	$5.4M	10x
Extended VELVET-USD	+0.0128%	1h	0.05831	−0.011%	$4K	$158K	5x	as long as short
BloFin VELVET-USDT	+0.0368%	4h	0.05823	−0.154%	$259K	$128K	50x	as long as short