VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.164%

Price spread now: Gate against BloFin−0.189%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$417as in the Funding arb table

Net, price: spread back to 7d avg − costs−$365as in the Price arb table

costs, in and out, $10k−$3593.586% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.587%−$59 on $10k

Price spread, last 4 days (all we have)−0.324%−$32 · spread now −0.189%, 7d avg −0.125%

Together, before fees−0.912%−$91 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 Gate is 0.065% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.125%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin VELVET-USDT	0.05805	0.0340	pay 0.0170% / 4h	50m 38s	$263K	$98K	50x
Short	Gate VELVET_USDT	0.05794	0.0100	get 0.0050% / 4h	50m 38s	$686K	$908K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.189%Rate

Funding earned: −$50.4
Price spread: −0.189% → −0.125%: −$6.5
Slippage, 4 orders: −$331.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$415.55
Costs to cover: 3.586%
Break-even: never at this rate

Slippage from BloFin: live order book, 48 min ago; Gate: live order book, 54 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, 48 min ago	1.72 bp	26.4 bp −$26	58.3 bp −$583	doesn't fit	doesn't fit
Sell Gate live order book, 54 min ago	7.77 bp	227.0 bp −$227	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	0.05797	−0.134%	$8K	$16K	5x	as long as short
Binance VELVETUSDT	+0.0100%	4h	0.05807	+0.038%	$4.3M	$4.7M	10x	as long as short
Bybit VELVETUSDT	+0.0100%	4h	0.05800	−0.086%	$1.5M	$1.4M	5x	as long as short
Gate VELVET_USDTshort	+0.0100%	4h	0.05794	−0.189%	$686K	$908K	10x
MEXC VELVET_USDT	+0.0100%	4h	0.05804	−0.017%	$2.0M	$363K	50x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05800	−0.086%	$1.0M	$382K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05812	+0.121%	$1.1M	$554K	10x	as long as short
BingX VELVET-USDT	+0.0100%	4h	0.05802	−0.052%	—	$1.4M	—	as long as short
Variational Omni VELVET	+0.0100%	4h	0.05803	−0.026%	$38K	$12K	—	as long as short
edgeX VELVETUSDC	+0.0100%	4h	0.05801	−0.075%	$1K	$186K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX VELVET-USDT	+0.0100%	4h	0.05803	−0.034%	$12K	$13K	20x	as long as short
Extended VELVET-USD	+0.0104%	1h	0.05801	−0.068%	$2K	$225K	5x	as long as short
BloFin VELVET-USDTlong	+0.0340%	4h	0.05805	long leg	$263K	$98K	50x