Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.094%

Price spread now: Extended against BingX−0.056%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1531.529% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now −0.056%, 7d avg −0.052%

Together, before fees−0.474%+ Points / potential airdropExtended: Active · farm board−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.252%, 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	0.05864	0.0528	pay 0.0264% / 4h	1h 06m	—	$1.4M	—
Short	Extended VELVET-USD	0.05861	0.0584	get 0.0073% / 1h	6m 48s	$3K	$113K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.056%Rate

Funding earned: $11.76
Price spread: −0.056% → −0.052%: −$0.38
Slippage, 4 orders: −$137.85
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$141.48
Costs to cover: 1.529%
Break-even: 91.2 days

Slippage from BingX: live order book, 8 min ago; Extended: live order book, 34 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, 8 min ago	2.56 bp	17.7 bp −$18	73.6 bp −$736	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	7.93 bp	67.4 bp −$67	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
Gate VELVET_USDT	+0.0100%	4h	0.05861	−0.051%	$697K	$935K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05857	−0.119%	$939K	$515K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05851	−0.222%	$12K	$20K	20x	as long as short
Bitget VELVETUSDT	+0.0102%	4h	0.05870	+0.102%	$1.1M	$631K	10x	as long as short
Aster VELVETUSDT	+0.0126%	4h	0.05849	−0.251%	$9K	$18K	5x	as long as short
Variational Omni VELVET	+0.0222%	4h	0.05844	−0.342%	$35K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0299%	4h	0.05860	−0.068%	$1.6M	$1.5M	5x	as long as short
BingX VELVET-USDTlong	+0.0528%	4h	0.05864	long leg	—	$1.4M	—
edgeX VELVETUSDC	+0.0553%	4h	0.05865	+0.013%	$2K	$197K	10x	as long as short
MEXC VELVET_USDT	+0.0574%	4h	0.05863	−0.017%	$2.0M	$386K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended VELVET-USDshort	+0.0584%	1h	0.05861	−0.056%	$3K	$113K	5x
Binance VELVETUSDT	+0.0586%	4h	0.05861	−0.051%	$4.3M	$5.5M	10x	as long as short
BloFin VELVET-USDT	+0.0826%	4h	0.05856	−0.136%	$260K	$129K	50x	as long as short