VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0286%/8h= −31.3% APRnext payment −$1.43 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against BingX+0.051%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1341.336% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.051%, 7d avg +0.041%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VELVET-USDT	0.05846	0.0470	pay 0.0235% / 4h	2h 37m	—	$1.4M	—
Short	Bybit VELVETUSDT	0.05849	0.0184	get 0.0092% / 4h	2h 37m	$1.6M	$1.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$60.09
Price spread: +0.051% → +0.041%: $1.01
Slippage, 4 orders: −$112.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$192.65
Costs to cover: 1.336%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	2.57 bp	18.7 bp −$19	69.8 bp −$698	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	8.57 bp	52.2 bp −$52	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	0.05841	−0.080%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05834	−0.205%	$702K	$915K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05830	−0.274%	$932K	$522K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05856	+0.171%	$1.1M	$629K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05831	−0.257%	$12K	$21K	20x	as long as short
Bybit VELVETUSDTshort	+0.0184%	4h	0.05849	+0.051%	$1.6M	$1.5M	5x
Variational Omni VELVET	+0.0218%	4h	0.05844	−0.033%	$35K	$51K	—	as long as short
Extended VELVET-USD	+0.0448%	1h	0.05847	+0.025%	$1K	$151K	5x	as long as short
MEXC VELVET_USDT	+0.0450%	4h	0.05851	+0.086%	$2.0M	$388K	50x	as long as short
Binance VELVETUSDT	+0.0452%	4h	0.05852	+0.104%	$4.3M	$5.4M	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDTlong	+0.0470%	4h	0.05846	long leg	—	$1.4M	—
edgeX VELVETUSDC	+0.0487%	4h	0.05818	−0.479%	$1K	$201K	10x	as long as short
BloFin VELVET-USDT	+0.0692%	4h	0.05854	+0.137%	$262K	$131K	50x	as long as short