Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.059%

Price spread now: edgeX against BingX−0.023%55s7-day average +0.007% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.289%−$29 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.023%, 7d avg +0.007%

Together, before fees−0.304%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.030% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX VELVET-USDT	0.05802	0.0100	pay 0.0050% / 4h	50m 39s	—	$1.4M	—
Short	edgeX VELVETUSDC	0.05801	0.0100	get 0.0050% / 4h	50m 39s	$1K	$186K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 edgeXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.007%: −$2.95
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$21.95
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; edgeX: live order book, 54 min ago. Net counts fees only.

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, 4 min ago	0.86 bp	14.9 bp −$15	57.0 bp −$570	doesn't fit	doesn't fit
Sell edgeX live order book, 54 min ago	3.45 bp	doesn't fit	doesn't fit	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	0.05797	−0.083%	$8K	$16K	5x	as long as short
Binance VELVETUSDT	+0.0100%	4h	0.05807	+0.090%	$4.3M	$4.7M	10x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05800	−0.034%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05794	−0.138%	$686K	$908K	10x	as long as short
MEXC VELVET_USDT	+0.0100%	4h	0.05804	+0.034%	$2.0M	$363K	50x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05800	−0.034%	$1.0M	$382K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05812	+0.172%	$1.1M	$554K	10x	as long as short
BingX VELVET-USDTlong	+0.0100%	4h	0.05802	long leg	—	$1.4M	—
Variational Omni VELVET	+0.0100%	4h	0.05803	+0.025%	$38K	$12K	—	as long as short
edgeX VELVETUSDCshort	+0.0100%	4h	0.05801	−0.023%	$1K	$186K	10x

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX VELVET-USDT	+0.0100%	4h	0.05803	+0.017%	$12K	$13K	20x	as long as short
Extended VELVET-USD	+0.0104%	1h	0.05801	−0.016%	$2K	$225K	5x	as long as short
BloFin VELVET-USDT	+0.0340%	4h	0.05805	+0.052%	$263K	$98K	50x	as long as short