VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0592%/8h= +64.8% APRnext payment +$2.96 per $10,000 · paid last 24h +0.126%

Price spread now: BloFin against Bitget−0.340%65s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1251.245% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.440%+$44 on $10k

Price spread, last 4 days (all we have)+0.672%+$67 · spread now −0.340%, 7d avg −0.063%

Together, before fees+1.112%+$111 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.278% cheaper against Bitget than usual: you would sell low and buy high (spread −0.340% now, against its 7-day average of −0.063%). If the spread goes back, that is −$28 on $10k: about 38 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.440% in total) that is about 4.4 days. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VELVETUSDT	0.05874	0.0100	pay 0.0050% / 4h	2h 36m	$1.1M	$629K	10x
Short	BloFin VELVET-USDT	0.05854	0.0692	get 0.0346% / 4h	2h 36m	$262K	$131K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.340%Rate

Funding earned: $124.29
Price spread: −0.340% → −0.063%: −$27.77
Slippage, 4 orders: −$100.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.98
Costs to cover: 1.245%
Break-even: 8.6 days

Slippage from Bitget: live order book, 5 min ago; BloFin: live order book, 45 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, 5 min ago	6.00 bp	33.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 45 min ago	1.70 bp	32.2 bp −$32	74.5 bp −$745	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	0.05859	−0.261%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05859	−0.255%	$705K	$916K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05855	−0.323%	$936K	$522K	10x	as long as short
Bitget VELVETUSDTlong	+0.0100%	4h	0.05874	long leg	$1.1M	$629K	10x
HTX VELVET-USDT	+0.0100%	4h	0.05862	−0.204%	$12K	$21K	20x	as long as short
Variational Omni VELVET	+0.0218%	4h	0.05844	−0.509%	$35K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0243%	4h	0.05870	−0.068%	$1.6M	$1.5M	5x	as long as short
Extended VELVET-USD	+0.0440%	1h	0.05859	−0.247%	$1K	$151K	5x	as long as short
Binance VELVETUSDT	+0.0444%	4h	0.05869	−0.092%	$4.3M	$5.4M	10x	as long as short
MEXC VELVET_USDT	+0.0450%	4h	0.05868	−0.102%	$2.0M	$388K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDT	+0.0470%	4h	0.05858	−0.272%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0487%	4h	0.05818	−0.954%	$1K	$201K	10x	as long as short
BloFin VELVET-USDTshort	+0.0692%	4h	0.05854	−0.340%	$262K	$131K	50x