Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%
Price spread now: Gate against Bitget−0.220%7-day average −0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2702.699% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.220%, 7d avg −0.187%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.034% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.187%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget VELVETUSDT | 0.05899 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $1.1M | $635K | 10x |
| Short | Gate VELVET_USDT | 0.05886 | 0.0100 | get 0.0050% / 4h | 1h 59m | $703K | $940K | 10x |
Bitget VELVETUSDT
Gate VELVET_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- Price spread: −0.220% → −0.187%
- −$3.39
- Slippage, 4 orders
- −$242.94
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$273.33
- Costs to cover
- 2.699%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 47 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, 1 min ago | 9.30 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 47 min ago | 6.82 bp | 91.2 bp −$91 | 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 | 0.05884 | −0.253% | $9K | $18K | 5x | as long as short |
| Gate VELVET_USDTshort | +0.0100% | 4h | 0.05886 | −0.220% | $703K | $940K | 10x | |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05883 | −0.271% | $940K | $523K | 10x | as long as short |
| Bitget VELVETUSDTlong | +0.0100% | 4h | 0.05899 | long leg | $1.1M | $635K | 10x | |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05899 | 0.000% | $12K | $21K | 20x | as long as short |
| Variational Omni VELVET | +0.0315% | 4h | 0.05899 | −0.002% | $36K | $51K | — | as long as short |
| Bybit VELVETUSDT | +0.0381% | 4h | 0.05890 | −0.153% | $1.6M | $1.5M | 5x | as long as short |
| edgeX VELVETUSDC | +0.0524% | 4h | 0.05898 | −0.022% | $2K | $201K | 10x | as long as short |
| BingX VELVET-USDT | +0.0526% | 4h | 0.05886 | −0.220% | — | $1.4M | — | as long as short |
| Extended VELVET-USD | +0.0576% | 1h | 0.05884 | −0.255% | $6K | $147K | 5x | as long as short |
Aster VELVETUSDT
KuCoin VELVETUSDTM
HTX VELVET-USDT
Variational Omni VELVET
Bybit VELVETUSDT
edgeX VELVETUSDC
BingX VELVET-USDT
Extended VELVET-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC VELVET_USDT | +0.0576% | 4h | 0.05887 | −0.203% | $2.0M | $397K | 50x | as long as short |
| Binance VELVETUSDT | +0.0576% | 4h | 0.05888 | −0.185% | $4.4M | $5.5M | 10x | as long as short |
| BloFin VELVET-USDT | +0.0816% | 4h | 0.05894 | −0.085% | $261K | $130K | 50x | as long as short |
MEXC VELVET_USDT
Binance VELVETUSDT
BloFin VELVET-USDT