VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h −0.093%

Price spread now: Binance against BingX−0.051%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.051%, 7d avg −0.002%

Together, before fees−0.177%−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.049% cheaper against BingX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.002%). If the spread goes back, that is −$5 on $10k: about 6.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.288%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VELVET-USDT	0.05858	0.0286	pay 0.0143% / 4h	3h 30m	—	$1.4M	—
Short	Binance VELVETUSDT	0.05855	0.0310	get 0.0155% / 4h	3h 30m	$4.3M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.051%Rate

Funding earned: $5.13
Price spread: −0.051% → −0.002%: −$4.92
Slippage, 4 orders: −$70.35
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$90.14
Costs to cover: 0.904%
Break-even: 130.0 days

Slippage from BingX: live order book, 14 min ago; Binance: live order book, 7 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 BingX live order book, 14 min ago	3.42 bp	17.3 bp −$17	73.7 bp −$737	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.86 bp	30.6 bp −$31	128.1 bp −$1,281	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	0.05843	−0.260%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05856	−0.034%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05843	−0.256%	$700K	$906K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05838	−0.341%	$927K	$526K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05863	+0.085%	$1.1M	$642K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05846	−0.205%	$12K	$23K	20x	as long as short
Variational Omni VELVET	+0.0112%	4h	0.05854	−0.069%	$35K	$51K	—	as long as short
BingX VELVET-USDTlong	+0.0286%	4h	0.05858	long leg	—	$1.4M	—
edgeX VELVETUSDC	+0.0286%	4h	0.05839	−0.329%	$2K	$203K	10x	as long as short
MEXC VELVET_USDT	+0.0292%	4h	0.05855	−0.051%	$2.0M	$396K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VELVETUSDTshort	+0.0310%	4h	0.05855	−0.051%	$4.3M	$5.4M	10x
Extended VELVET-USD	+0.0312%	1h	0.05853	−0.081%	$2K	$163K	5x	as long as short
BloFin VELVET-USDT	+0.0550%	4h	0.05843	−0.256%	$260K	$131K	50x	as long as short