Funding you earn now, next payment 08:00 UTC−0.0450%/8h= −49.3% APRnext payment −$2.25 per $10,000 · paid last 24h +0.021%
Price spread now: Bybit against BloFin+0.257%92s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as 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−$1441.437% of the position
Funding, last 7 days−0.227%−$23 on $10k
+Price spread, last 4 days (all we have)−0.697%−$70 · spread now +0.257%, 7d avg +0.028%
=The price spread pays, funding is against you. Bybit is 0.229% dearer against BloFin than usual: you sell high and buy low (spread +0.257% now, against its 7-day average of +0.028%): +$23 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.227% in total) that is about 7.1 days. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.227% in total (about -11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.25 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 | 0.05843 | 0.0550 | pay 0.0275% / 4h | 3h 29m | $260K | $131K | 50x |
| Short | Bybit VELVETUSDT | 0.05858 | 0.0100 | get 0.0050% / 4h | 3h 29m | $1.6M | $1.4M | 5x |
BloFin VELVET-USDT
Bybit VELVETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$94.59
- Price spread: +0.257% → +0.028%
- $22.9
- Slippage, 4 orders
- −$120.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$215.35
- Costs to cover
- 1.437%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 62 min ago; Bybit: live order book, 2 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, 62 min ago | 2.58 bp | 25.2 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 8.54 bp | 45.4 bp −$45 | 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 | 0.05846 | +0.053% | $9K | $18K | 5x | as long as short |
| Bybit VELVETUSDTshort | +0.0100% | 4h | 0.05858 | +0.257% | $1.6M | $1.4M | 5x | |
| Gate VELVET_USDT | +0.0100% | 4h | 0.05845 | +0.034% | $700K | $906K | 10x | as long as short |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05841 | −0.034% | $928K | $526K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05863 | +0.342% | $1.1M | $643K | 10x | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05846 | +0.051% | $12K | $23K | 20x | as long as short |
| Variational Omni VELVET | +0.0112% | 4h | 0.05854 | +0.188% | $35K | $51K | — | as long as short |
| BingX VELVET-USDT | +0.0286% | 4h | 0.05853 | +0.171% | — | $1.4M | — | as long as short |
| edgeX VELVETUSDC | +0.0286% | 4h | 0.05839 | −0.073% | $2K | $203K | 10x | as long as short |
| MEXC VELVET_USDT | +0.0326% | 4h | 0.05854 | +0.188% | $2.0M | $396K | 50x | as long as short |
Aster VELVETUSDT
Gate VELVET_USDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
HTX VELVET-USDT
Variational Omni VELVET
BingX VELVET-USDT
edgeX VELVETUSDC
MEXC VELVET_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended VELVET-USD | +0.0328% | 1h | 0.05852 | +0.158% | $2K | $163K | 5x | as long as short |
| Binance VELVETUSDT | +0.0349% | 4h | 0.05855 | +0.203% | $4.3M | $5.4M | 10x | as long as short |
| BloFin VELVET-USDTlong | +0.0550% | 4h | 0.05843 | long leg | $260K | $131K | 50x |
Extended VELVET-USD
Binance VELVETUSDT