VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.96 per $10,000 · paid last 24h −0.129%

Price spread now: KuCoin against BingX−0.255%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$371as in the Funding arb table

Net, price: spread back to 7d avg − costs−$398as in the Price arb table

costs, in and out, $10k−$3683.676% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.285%+$29 · spread now −0.255%, 7d avg +0.048%

Together, before fees+0.255%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.303% cheaper against BingX than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 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	0.05881	0.0292	pay 0.0146% / 4h	3h 24m	—	$1.4M	—
Short	KuCoin VELVETUSDTM	0.05866	0.0100	get 0.0050% / 4h	3h 24m	$932K	$526K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.255%Rate

Funding earned: −$40.32
Price spread: −0.255% → +0.048%: −$30.27
Slippage, 4 orders: −$345.58
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$438.17
Costs to cover: 3.676%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 65 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, 7 min ago	1.71 bp	11.2 bp −$11	92.0 bp −$920	doesn't fit	doesn't fit
Sell KuCoin live order book, 65 min ago	11.19 bp	290.1 bp −$290	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	0.05870	−0.191%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05873	−0.136%	$703K	$909K	10x	as long as short
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05866	−0.255%	$932K	$526K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05874	−0.119%	$1.1M	$644K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05874	−0.119%	$12K	$23K	20x	as long as short
Variational Omni VELVET	+0.0159%	4h	0.05884	+0.050%	$36K	$51K	—	as long as short
BingX VELVET-USDTlong	+0.0292%	4h	0.05881	long leg	—	$1.4M	—
edgeX VELVETUSDC	+0.0349%	4h	0.05875	−0.101%	$2K	$202K	10x	as long as short
Bybit VELVETUSDT	+0.0365%	4h	0.05880	−0.017%	$1.6M	$1.4M	5x	as long as short
MEXC VELVET_USDT	+0.0374%	4h	0.05881	0.000%	$2.0M	$397K	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-USD	+0.0392%	1h	0.05879	−0.028%	$2K	$163K	5x	as long as short
Binance VELVETUSDT	+0.0395%	4h	0.05881	0.000%	$4.3M	$5.4M	10x	as long as short
BloFin VELVET-USDT	+0.0614%	4h	0.05873	−0.136%	$259K	$131K	50x	as long as short