Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.35 per $10,000 · paid last 24h +0.147%
Price spread now: Bybit against Bitget−0.103%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1691.694% of the position
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.103%, 7d avg −0.034%
=Funding pays, the price is against you. Bybit is 0.069% cheaper against Bitget than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.034%). If the spread goes back, that is −$7 on $10k: about 3.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VELVETUSDT | 0.05829 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $1.1M | $629K | 10x |
| Short | Bybit VELVETUSDT | 0.05823 | 0.0171 | get 0.0085% / 4h | 2h 38m | $1.6M | $1.4M | 5x |
Bitget VELVETUSDT
Bybit VELVETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $14.86
- Price spread: −0.103% → −0.034%
- −$6.92
- Slippage, 4 orders
- −$146.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$161.49
- Costs to cover
- 1.694%
- Break-even
- 83.1 days
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 6.00 bp | 33.5 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 8.57 bp | 52.2 bp −$52 | 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 | 0.05827 | −0.041% | $9K | $18K | 5x | as long as short |
| Gate VELVET_USDT | +0.0100% | 4h | 0.05816 | −0.223% | $698K | $914K | 10x | as long as short |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05817 | −0.206% | $930K | $522K | 10x | as long as short |
| Bitget VELVETUSDTlong | +0.0100% | 4h | 0.05829 | long leg | $1.1M | $629K | 10x | |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05831 | +0.034% | $12K | $21K | 20x | as long as short |
| Bybit VELVETUSDTshort | +0.0171% | 4h | 0.05823 | −0.103% | $1.6M | $1.4M | 5x | |
| Variational Omni VELVET | +0.0218% | 4h | 0.05844 | +0.259% | $35K | $51K | — | as long as short |
| Binance VELVETUSDT | +0.0452% | 4h | 0.05827 | −0.037% | $4.3M | $5.4M | 10x | as long as short |
| Extended VELVET-USD | +0.0464% | 1h | 0.05820 | −0.148% | $1K | $151K | 5x | as long as short |
| MEXC VELVET_USDT | +0.0466% | 4h | 0.05825 | −0.069% | $2.0M | $388K | 50x | as long as short |
Aster VELVETUSDT
Gate VELVET_USDT
KuCoin VELVETUSDTM
HTX VELVET-USDT
Variational Omni VELVET
Binance VELVETUSDT
Extended VELVET-USD
MEXC VELVET_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX VELVET-USDT | +0.0486% | 4h | 0.05822 | −0.120% | — | $1.4M | — | as long as short |
| edgeX VELVETUSDC | +0.0512% | 4h | 0.05849 | +0.347% | $2K | $201K | 10x | as long as short |
| BloFin VELVET-USDT | +0.0707% | 4h | 0.05819 | −0.172% | $259K | $130K | 50x | as long as short |
BingX VELVET-USDT
edgeX VELVETUSDC
BloFin VELVET-USDT