Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against Bitget−0.170%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2692.693% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.321%+$32 on $10k

Price spread, last 4 days (all we have)+0.165%+$17 · spread now −0.170%, 7d avg −0.036%

Together, before fees+0.486%+$49 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.134% cheaper against Bitget than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget VELVETUSDT	0.05897	0.0100	pay 0.0050% / 4h	2h 58m	$1.1M	$596K	10x
Short	KuCoin VELVETUSDTM	0.05887	0.0100	get 0.0050% / 4h	2h 58m	$1.0M	$464K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0
Price spread: −0.170% → −0.036%: −$13.35
Slippage, 4 orders: −$245.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$282.66
Costs to cover: 2.693%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 6 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	4.23 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	11.86 bp	60.6 bp −$61	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	0.05881	−0.277%	$8K	$16K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05887	−0.170%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05881	−0.271%	$687K	$903K	10x	as long as short
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05887	−0.170%	$1.0M	$464K	10x
Bitget VELVETUSDTlong	+0.0100%	4h	0.05897	long leg	$1.1M	$596K	10x
Variational Omni VELVET	+0.0100%	4h	0.05894	−0.052%	$39K	$15K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05897	0.000%	$12K	$17K	20x	as long as short
Binance VELVETUSDT	+0.0459%	4h	0.05881	−0.271%	$4.3M	$5.5M	10x	as long as short
Extended VELVET-USD	+0.0464%	1h	0.05882	−0.248%	$2K	$234K	5x	as long as short
MEXC VELVET_USDT	+0.0464%	4h	0.05884	−0.220%	$2.0M	$387K	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	0.05877	−0.339%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0483%	4h	0.05894	−0.043%	$1K	$194K	10x	as long as short
BloFin VELVET-USDT	+0.0706%	4h	0.05892	−0.085%	$261K	$130K	50x	as long as short