Funding you earn now, next payment 04:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.048%
Price spread now: Binance against Bitget−0.172%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1191.189% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.172%, 7d avg −0.077%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.095% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VELVETUSDT | 0.05822 | 0.0100 | pay 0.0050% / 4h | 26m 37s | $1.1M | $657K | 10x |
| Short | Binance VELVETUSDT | 0.05812 | 0.0103 | get 0.0052% / 4h | 26m 37s | $4.3M | $5.4M | 10x |
Bitget VELVETUSDT
Binance VELVETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $0.72
- Price spread: −0.172% → −0.077%
- −$9.51
- Slippage, 4 orders
- −$96.86
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$127.65
- Costs to cover
- 1.189%
- Break-even
- 1251.2 days
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 11 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 Bitget live order book, 4 min ago | 5.16 bp | 24.6 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.86 bp | 27.4 bp −$27 | 113.8 bp −$1,138 | 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 | −0.262% | $9K | $18K | 5x | as long as short |
| Bybit VELVETUSDT | +0.0100% | 4h | 0.05816 | −0.103% | $1.6M | $1.4M | 5x | as long as short |
| Gate VELVET_USDT | +0.0100% | 4h | 0.05805 | −0.292% | $695K | $908K | 10x | as long as short |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05804 | −0.309% | $920K | $529K | 10x | as long as short |
| Bitget VELVETUSDTlong | +0.0100% | 4h | 0.05822 | long leg | $1.1M | $657K | 10x | |
| Variational Omni VELVET | +0.0100% | 4h | 0.05814 | −0.138% | $35K | $51K | — | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05813 | −0.155% | $12K | $24K | 20x | as long as short |
| edgeX VELVETUSDC | +0.0102% | 4h | 0.05805 | −0.287% | $2K | $205K | 10x | as long as short |
| MEXC VELVET_USDT | +0.0102% | 4h | 0.05813 | −0.155% | $2.0M | $400K | 50x | as long as short |
| BingX VELVET-USDT | +0.0102% | 4h | 0.05811 | −0.189% | — | $1.4M | — | as long as short |
Aster VELVETUSDT
Bybit VELVETUSDT
Gate VELVET_USDT
KuCoin VELVETUSDTM
Variational Omni VELVET
HTX VELVET-USDT
edgeX VELVETUSDC
MEXC VELVET_USDT
BingX VELVET-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance VELVETUSDTshort | +0.0103% | 4h | 0.05812 | −0.172% | $4.3M | $5.4M | 10x | |
| Extended VELVET-USD | +0.0104% | 1h | 0.05808 | −0.234% | $4K | $164K | 5x | as long as short |
| BloFin VELVET-USDT | +0.0343% | 4h | 0.05815 | −0.120% | $258K | $128K | 50x | as long as short |
Extended VELVET-USD
BloFin VELVET-USDT