VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0472%/8h= −51.7% APRnext payment −$2.36 per $10,000 · paid last 24h −0.154%

Price spread now: Bitget against BloFin−0.459%75s7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as 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−$1111.106% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.471%−$47 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now −0.459%, 7d avg +0.063%

Together, before fees−0.634%−$63 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.523% cheaper against BloFin than usual: you would sell low and buy high (−$52 if the spread goes back to its 7-day average of +0.063%). Swap the legs. The two prices were read 75 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	0.05878	0.0572	pay 0.0286% / 4h	2h 20m	$263K	$125K	50x
Short	Bitget VELVETUSDT	0.05851	0.0100	get 0.0050% / 4h	2h 20m	$1.1M	$580K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.459%Rate

Funding earned: −$99.08
Price spread: −0.459% → +0.063%: −$52.28
Slippage, 4 orders: −$86.64
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$261.99
Costs to cover: 1.106%
Break-even: never at this rate

Slippage from BloFin: live order book, 26 min ago; Bitget: live order book, 4 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, 26 min ago	1.72 bp	25.5 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.80 bp	30.8 bp −$31	doesn't fit	doesn't fit	doesn't fit

VELVET on 13 exchanges

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	0.05850	−0.481%	$8K	$16K	5x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05847	−0.527%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05848	−0.510%	$685K	$933K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05849	−0.493%	$1.0M	$421K	10x	as long as short
Bitget VELVETUSDTshort	+0.0100%	4h	0.05851	−0.459%	$1.1M	$580K	10x
Variational Omni VELVET	+0.0100%	4h	0.05854	−0.412%	$39K	$12K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05854	−0.408%	$12K	$16K	20x	as long as short
Extended VELVET-USD	+0.0320%	1h	0.05848	−0.506%	$3K	$235K	5x	as long as short
Binance VELVETUSDT	+0.0320%	4h	0.05844	−0.578%	$4.3M	$5.2M	10x	as long as short
MEXC VELVET_USDT	+0.0330%	4h	0.05851	−0.459%	$2.0M	$404K	50x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDT	+0.0354%	4h	0.05858	−0.340%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0365%	4h	0.05862	−0.270%	$1K	$190K	10x	as long as short
BloFin VELVET-USDTlong	+0.0572%	4h	0.05878	long leg	$263K	$125K	50x