Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0239%/8h= −26.2% APRpaid last 24h −0.077%

Price spread now: Extended against BloFin−0.214%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1701.696% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.347%−$35 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now −0.214%, 7d avg −0.061%

Together, before fees−0.534%+ Points / potential airdropExtended: Active · farm board−$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Extended is 0.153% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VELVET-USDT	0.05848	0.0647	pay 0.0323% / 4h	2h 31m	$261K	$131K	50x
Short	Extended VELVET-USD	0.05835	0.0408	get 0.0051% / 1h	31m 08s	$1K	$146K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$50.15
Price spread: −0.214% → −0.061%: −$15.29
Slippage, 4 orders: −$152.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$235.03
Costs to cover: 1.696%
Break-even: never at this rate

Slippage from BloFin: live order book, 50 min ago; Extended: live order book, 14 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, 50 min ago	1.70 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 14 min ago	7.76 bp	66.2 bp −$66	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	0.05835	−0.219%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05831	−0.291%	$701K	$918K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05828	−0.342%	$930K	$524K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05841	−0.120%	$1.1M	$631K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05837	−0.188%	$12K	$21K	20x	as long as short
Bybit VELVETUSDT	+0.0136%	4h	0.05834	−0.239%	$1.6M	$1.5M	5x	as long as short
Variational Omni VELVET	+0.0215%	4h	0.05864	+0.275%	$36K	$51K	—	as long as short
Binance VELVETUSDT	+0.0407%	4h	0.05837	−0.195%	$4.3M	$5.4M	10x	as long as short
Extended VELVET-USDshort	+0.0408%	1h	0.05835	−0.214%	$1K	$146K	5x
MEXC VELVET_USDT	+0.0418%	4h	0.05837	−0.188%	$2.0M	$389K	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	+0.0428%	4h	0.05839	−0.154%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0448%	4h	0.05837	−0.183%	$1K	$201K	10x	as long as short
BloFin VELVET-USDTlong	+0.0647%	4h	0.05848	long leg	$261K	$131K	50x