VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0234%/8h= −25.7% APRnext payment −$1.17 per $10,000 · paid last 24h −0.071%

Price spread now: Binance against BloFin+0.293%81s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as 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−$1141.136% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.376%−$38 on $10k

Price spread, last 4 days (all we have)−0.909%−$91 · spread now +0.293%, 7d avg −0.016%

Together, before fees−1.285%−$128 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.309% dearer against BloFin than usual: you sell high and buy low (spread +0.293% now, against its 7-day average of −0.016%): +$31 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.4 days. The two prices were read 81 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	BloFin VELVET-USDT	0.05806	0.0352	pay 0.0176% / 4h	21m 54s	$257K	$127K	50x
Short	Binance VELVETUSDT	0.05823	0.0118	get 0.0059% / 4h	21m 54s	$4.3M	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.293%Rate

Funding earned: −$49.2
Price spread: +0.293% → −0.016%: $30.92
Slippage, 4 orders: −$91.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$131.9
Costs to cover: 1.136%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; Binance: live order book, 1 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 BloFin live order book, 10 min ago	2.58 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.86 bp	30.2 bp −$30	152.0 bp −$1,520	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	0.05813	+0.123%	$9K	$18K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05821	+0.258%	$1.6M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05811	+0.086%	$696K	$910K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05808	+0.034%	$920K	$529K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05818	+0.207%	$1.1M	$657K	10x	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05819	+0.223%	$35K	$51K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05824	+0.310%	$12K	$24K	20x	as long as short
edgeX VELVETUSDC	+0.0103%	4h	0.05818	+0.211%	$2K	$204K	10x	as long as short
MEXC VELVET_USDT	+0.0112%	4h	0.05821	+0.258%	$2.0M	$401K	50x	as long as short
BingX VELVET-USDT	+0.0112%	4h	0.05820	+0.241%	—	$1.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VELVETUSDTshort	+0.0118%	4h	0.05823	+0.293%	$4.3M	$5.4M	10x
Extended VELVET-USD	+0.0120%	1h	0.05814	+0.133%	$4K	$164K	5x	as long as short
BloFin VELVET-USDTlong	+0.0352%	4h	0.05806	long leg	$257K	$127K	50x