Funding you earn now, next payment 04:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h −0.108%
Price spread now: MEXC against BingX−0.189%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$690.693% of the position
Funding, last 7 days−0.292%−$29 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.189%, 7d avg −0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.185% cheaper against BingX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX VELVET-USDT | 0.05819 | 0.0106 | pay 0.0053% / 4h | 22m 36s | — | $1.4M | — |
| Short | MEXC VELVET_USDT | 0.05808 | 0.0112 | get 0.0056% / 4h | 22m 36s | $2.0M | $401K | 50x |
BingX VELVET-USDT
MEXC VELVET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $1.26
- Price spread: −0.189% → −0.004%
- −$18.52
- Slippage, 4 orders
- −$59.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$86.58
- Costs to cover
- 0.693%
- Break-even
- 488.0 days
Slippage from BingX: live order book, 9 min ago; MEXC: 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, 9 min ago | 2.58 bp | 16.1 bp −$16 | 76.7 bp −$767 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 3.44 bp | 23.6 bp −$24 | 71.9 bp −$719 | 163.6 bp −$16.4K | 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 | 0.05814 | −0.087% | $9K | $18K | 5x | as long as short |
| Bybit VELVETUSDT | +0.0100% | 4h | 0.05820 | +0.017% | $1.6M | $1.4M | 5x | as long as short |
| Gate VELVET_USDT | +0.0100% | 4h | 0.05809 | −0.172% | $696K | $909K | 10x | as long as short |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05808 | −0.189% | $920K | $529K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05815 | −0.069% | $1.1M | $657K | 10x | as long as short |
| Variational Omni VELVET | +0.0100% | 4h | 0.05819 | −0.001% | $35K | $51K | — | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05824 | +0.086% | $12K | $24K | 20x | as long as short |
| edgeX VELVETUSDC | +0.0103% | 4h | 0.05818 | −0.012% | $2K | $204K | 10x | as long as short |
| BingX VELVET-USDTlong | +0.0106% | 4h | 0.05819 | long leg | — | $1.4M | — | |
| Extended VELVET-USD | +0.0112% | 1h | 0.05806 | −0.224% | $4K | $164K | 5x | as long as short |
Aster VELVETUSDT
Bybit VELVETUSDT
Gate VELVET_USDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
Variational Omni VELVET
HTX VELVET-USDT
edgeX VELVETUSDC
Extended VELVET-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC VELVET_USDTshort | +0.0112% | 4h | 0.05808 | −0.189% | $2.0M | $401K | 50x | |
| Binance VELVETUSDT | +0.0118% | 4h | 0.05810 | −0.157% | $4.3M | $5.4M | 10x | as long as short |
| BloFin VELVET-USDT | +0.0352% | 4h | 0.05806 | −0.223% | $257K | $127K | 50x | as long as short |
Binance VELVETUSDT
BloFin VELVET-USDT