Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0348%/8h= +38.1% APRpaid last 24h +0.048%

Price spread now: Extended against Bitget−0.146%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1901.898% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.146%, 7d avg −0.126%

Together, before fees+0.126%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.126%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VELVETUSDT	0.05856	0.0100	pay 0.0050% / 4h	2h 37m	$1.1M	$629K	10x
Short	Extended VELVET-USD	0.05847	0.0448	get 0.0056% / 1h	37m 14s	$1K	$151K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.146%Rate

Funding earned: $73.08
Price spread: −0.146% → −0.126%: −$1.94
Slippage, 4 orders: −$172.75
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$118.61
Costs to cover: 1.898%
Break-even: 18.4 days

Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 8 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	6.00 bp	33.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 8 min ago	7.76 bp	66.2 bp −$66	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	0.05841	−0.251%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05834	−0.376%	$702K	$915K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05830	−0.444%	$932K	$522K	10x	as long as short
Bitget VELVETUSDTlong	+0.0100%	4h	0.05856	long leg	$1.1M	$629K	10x
HTX VELVET-USDT	+0.0100%	4h	0.05831	−0.427%	$12K	$21K	20x	as long as short
Bybit VELVETUSDT	+0.0184%	4h	0.05849	−0.120%	$1.6M	$1.5M	5x	as long as short
Variational Omni VELVET	+0.0218%	4h	0.05844	−0.203%	$35K	$51K	—	as long as short
Extended VELVET-USDshort	+0.0448%	1h	0.05847	−0.146%	$1K	$151K	5x
MEXC VELVET_USDT	+0.0450%	4h	0.05851	−0.085%	$2.0M	$388K	50x	as long as short
Binance VELVETUSDT	+0.0452%	4h	0.05852	−0.067%	$4.3M	$5.4M	10x	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	0.05846	−0.171%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0487%	4h	0.05818	−0.649%	$1K	$201K	10x	as long as short
BloFin VELVET-USDT	+0.0692%	4h	0.05854	−0.034%	$262K	$131K	50x	as long as short