Funding you earn now, next payment 12:00 UTC+0.0195%/8h= +21.4% APRnext payment +$0.98 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against BingX+0.051%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$870.867% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)+0.589%+$59 · spread now +0.051%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.037% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX VELVET-USDT | 0.05844 | 0.0354 | pay 0.0177% / 4h | 2h 18m | — | $1.4M | — |
| Short | BloFin VELVET-USDT | 0.05847 | 0.0549 | get 0.0275% / 4h | 2h 18m | $261K | $123K | 50x |
BingX VELVET-USDT
BloFin VELVET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $40.98
- Price spread: +0.051% → +0.015%
- $3.68
- Slippage, 4 orders
- −$64.71
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.05
- Costs to cover
- 0.867%
- Break-even
- 14.2 days
Slippage from BingX: live order book, 6 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 BingX live order book, 6 min ago | 1.70 bp | 19.5 bp −$19 | 74.3 bp −$743 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 1.72 bp | 23.1 bp −$23 | 70.7 bp −$707 | doesn't fit | doesn't fit |
VELVET on 13 exchanges
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 | 0.05841 | −0.053% | $8K | $16K | 5x | as long as short |
| Bybit VELVETUSDT | +0.0100% | 4h | 0.05848 | +0.068% | $1.5M | $1.4M | 5x | as long as short |
| Gate VELVET_USDT | +0.0100% | 4h | 0.05837 | −0.120% | $684K | $933K | 10x | as long as short |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05842 | −0.034% | $1.0M | $421K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05858 | +0.240% | $1.1M | $580K | 10x | as long as short |
| Variational Omni VELVET | +0.0100% | 4h | 0.05854 | +0.168% | $39K | $12K | — | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05854 | +0.171% | $12K | $16K | 20x | as long as short |
| Binance VELVETUSDT | +0.0309% | 4h | 0.05851 | +0.120% | $4.3M | $5.2M | 10x | as long as short |
| Extended VELVET-USD | +0.0312% | 1h | 0.05846 | +0.036% | $3K | $235K | 5x | as long as short |
| MEXC VELVET_USDT | +0.0320% | 4h | 0.05848 | +0.068% | $2.0M | $404K | 50x | as long as short |
Aster VELVETUSDT
Bybit VELVETUSDT
Gate VELVET_USDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
Variational Omni VELVET
HTX VELVET-USDT
Binance VELVETUSDT
Extended VELVET-USD
MEXC VELVET_USDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX VELVETUSDC | +0.0332% | 4h | 0.05858 | +0.243% | $1K | $191K | 10x | as long as short |
| BingX VELVET-USDTlong | +0.0354% | 4h | 0.05844 | long leg | — | $1.4M | — | |
| BloFin VELVET-USDTshort | +0.0549% | 4h | 0.05847 | +0.051% | $261K | $123K | 50x |
edgeX VELVETUSDC