Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.165%
Price spread now: Gate against BingX−0.103%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$2602.601% of the position
Funding, last 7 days−0.422%−$42 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now −0.103%, 7d avg −0.112%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX VELVET-USDT | 0.05811 | 0.0102 | pay 0.0051% / 4h | 26m 39s | — | $1.4M | — |
| Short | Gate VELVET_USDT | 0.05805 | 0.0100 | get 0.0050% / 4h | 26m 39s | $695K | $908K | 10x |
BingX VELVET-USDT
Gate VELVET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$0.42
- Price spread: −0.103% → −0.112%
- $0.85
- Slippage, 4 orders
- −$235.1
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$259.67
- Costs to cover
- 2.601%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Gate: live order book, 30 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 | 2.58 bp | 16.1 bp −$16 | 76.7 bp −$767 | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 8.65 bp | 104.4 bp −$104 | 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 | 0.05807 | −0.073% | $9K | $18K | 5x | as long as short |
| Bybit VELVETUSDT | +0.0100% | 4h | 0.05816 | +0.086% | $1.6M | $1.4M | 5x | as long as short |
| Gate VELVET_USDTshort | +0.0100% | 4h | 0.05805 | −0.103% | $695K | $908K | 10x | |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05804 | −0.120% | $920K | $529K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05822 | +0.189% | $1.1M | $657K | 10x | as long as short |
| Variational Omni VELVET | +0.0100% | 4h | 0.05814 | +0.051% | $35K | $51K | — | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05813 | +0.034% | $12K | $24K | 20x | as long as short |
| edgeX VELVETUSDC | +0.0102% | 4h | 0.05805 | −0.098% | $2K | $205K | 10x | as long as short |
| MEXC VELVET_USDT | +0.0102% | 4h | 0.05813 | +0.034% | $2.0M | $400K | 50x | as long as short |
| BingX VELVET-USDTlong | +0.0102% | 4h | 0.05811 | long leg | — | $1.4M | — |
Aster VELVETUSDT
Bybit VELVETUSDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
Variational Omni VELVET
HTX VELVET-USDT
edgeX VELVETUSDC
MEXC VELVET_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance VELVETUSDT | +0.0103% | 4h | 0.05812 | +0.017% | $4.3M | $5.4M | 10x | as long as short |
| Extended VELVET-USD | +0.0104% | 1h | 0.05808 | −0.045% | $4K | $164K | 5x | as long as short |
| BloFin VELVET-USDT | +0.0343% | 4h | 0.05815 | +0.069% | $258K | $128K | 50x | as long as short |
Binance VELVETUSDT
Extended VELVET-USD
BloFin VELVET-USDT