VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0279%/8h= −30.5% APRnext payment −$1.39 per $10,000 · paid last 24h +0.022%

Price spread now: BingX against BloFin0.000%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.338%−$34 · spread now 0.000%, 7d avg −0.012%

Together, before fees−0.426%−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$8 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 -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.39 per $10,000. 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	BloFin VELVET-USDT	0.05856	0.0827	pay 0.0414% / 4h	1h 05m	$260K	$129K	50x
Short	BingX VELVET-USDT	0.05856	0.0549	get 0.0274% / 4h	1h 05m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$58.51
Price spread: 0.000% → −0.012%: $1.21
Slippage, 4 orders: −$61.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$141.17
Costs to cover: 0.839%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; BingX: live order book, 10 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, 6 min ago	9.41 bp	22.9 bp −$23	73.7 bp −$737	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	2.56 bp	18.9 bp −$19	30.2 bp −$302	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
Gate VELVET_USDT	+0.0100%	4h	0.05850	−0.102%	$696K	$935K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05850	−0.102%	$938K	$515K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05872	+0.273%	$12K	$20K	20x	as long as short
Bitget VELVETUSDT	+0.0116%	4h	0.05863	+0.120%	$1.1M	$631K	10x	as long as short
Aster VELVETUSDT	+0.0123%	4h	0.05848	−0.129%	$9K	$18K	5x	as long as short
Variational Omni VELVET	+0.0276%	4h	0.05864	+0.136%	$36K	$51K	—	as long as short
Bybit VELVETUSDT	+0.0307%	4h	0.05860	+0.068%	$1.6M	$1.5M	5x	as long as short
BingX VELVET-USDTshort	+0.0549%	4h	0.05856	0.000%	—	$1.4M	—
edgeX VELVETUSDC	+0.0553%	4h	0.05865	+0.150%	$2K	$197K	10x	as long as short
Extended VELVET-USD	+0.0584%	1h	0.05852	−0.064%	$3K	$113K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC VELVET_USDT	+0.0586%	4h	0.05855	−0.017%	$2.0M	$388K	50x	as long as short
Binance VELVETUSDT	+0.0587%	4h	0.05855	−0.017%	$4.3M	$5.5M	10x	as long as short
BloFin VELVET-USDTlong	+0.0827%	4h	0.05856	long leg	$260K	$129K	50x