Funding you earn now, next payment 08:00 UTC+0.0426%/8h= +46.6% APRnext payment +$2.13 per $10,000 · paid last 24h +0.148%
Price spread now: BingX against Bitget+0.034%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$940.941% of the position
Funding, last 7 days+0.352%+$35 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.034%, 7d avg −0.075%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.109% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VELVETUSDT | 0.05893 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $1.1M | $635K | 10x |
| Short | BingX VELVET-USDT | 0.05895 | 0.0526 | get 0.0263% / 4h | 1h 58m | — | $1.4M | — |
Bitget VELVETUSDT
BingX VELVET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $89.46
- Price spread: +0.034% → −0.075%
- $10.87
- Slippage, 4 orders
- −$72.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $6.2
- Costs to cover
- 0.941%
- Break-even
- 6.5 days
Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 2 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, 2 min ago | 9.30 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 1.69 bp | 12.2 bp −$12 | 56.5 bp −$565 | 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 | 0.05886 | −0.115% | $9K | $18K | 5x | as long as short |
| Gate VELVET_USDT | +0.0100% | 4h | 0.05888 | −0.085% | $703K | $911K | 10x | as long as short |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05883 | −0.170% | $940K | $523K | 10x | as long as short |
| Bitget VELVETUSDTlong | +0.0100% | 4h | 0.05893 | long leg | $1.1M | $635K | 10x | |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05899 | +0.102% | $12K | $21K | 20x | as long as short |
| Variational Omni VELVET | +0.0315% | 4h | 0.05899 | +0.100% | $36K | $51K | — | as long as short |
| Bybit VELVETUSDT | +0.0358% | 4h | 0.05895 | +0.034% | $1.6M | $1.5M | 5x | as long as short |
| BingX VELVET-USDTshort | +0.0526% | 4h | 0.05895 | +0.034% | — | $1.4M | — | |
| edgeX VELVETUSDC | +0.0555% | 4h | 0.05897 | +0.070% | $2K | $201K | 10x | as long as short |
| Binance VELVETUSDT | +0.0572% | 4h | 0.05894 | +0.017% | $4.4M | $5.5M | 10x | as long as short |
Aster VELVETUSDT
Gate VELVET_USDT
KuCoin VELVETUSDTM
HTX VELVET-USDT
Variational Omni VELVET
Bybit VELVETUSDT
edgeX VELVETUSDC
Binance VELVETUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended VELVET-USD | +0.0576% | 1h | 0.05885 | −0.134% | $6K | $147K | 5x | as long as short |
| MEXC VELVET_USDT | +0.0576% | 4h | 0.05893 | 0.000% | $2.0M | $380K | 50x | as long as short |
| BloFin VELVET-USDT | +0.0812% | 4h | 0.05889 | −0.068% | $260K | $130K | 50x | as long as short |
Extended VELVET-USD
MEXC VELVET_USDT
BloFin VELVET-USDT