VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0663%/8h= −72.6% APRnext payment −$3.31 per $10,000 · paid last 24h −0.107%

Price spread now: KuCoin against BloFin−0.068%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$401as in the Funding arb table

Net, price: spread back to 7d avg − costs−$399as in the Price arb table

costs, in and out, $10k−$3893.891% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now −0.068%, 7d avg +0.033%

Together, before fees−0.345%−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and KuCoin is 0.101% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.31 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	0.05847	0.0763	pay 0.0381% / 4h	1h 38m	$260K	$129K	50x
Short	KuCoin VELVETUSDTM	0.05843	0.0100	get 0.0050% / 4h	1h 38m	$939K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$139.23
Price spread: −0.068% → +0.033%: −$10.09
Slippage, 4 orders: −$365.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$538.45
Costs to cover: 3.891%
Break-even: never at this rate

Slippage from BloFin: live order book, 38 min ago; KuCoin: live order book, 41 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, 38 min ago	0.85 bp	26.6 bp −$27	104.8 bp −$1,048	doesn't fit	doesn't fit
Sell KuCoin live order book, 41 min ago	11.05 bp	273.5 bp −$274	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	0.05848	+0.014%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05841	−0.103%	$694K	$923K	10x	as long as short
KuCoin VELVETUSDTMshort	+0.0100%	4h	0.05843	−0.068%	$939K	$524K	10x
Bitget VELVETUSDT	+0.0100%	4h	0.05855	+0.137%	$1.1M	$633K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05874	+0.462%	$12K	$20K	20x	as long as short
Bybit VELVETUSDT	+0.0114%	4h	0.05844	−0.051%	$1.6M	$1.5M	5x	as long as short
Variational Omni VELVET	+0.0179%	4h	0.05864	+0.290%	$36K	$51K	—	as long as short
Extended VELVET-USD	+0.0520%	1h	0.05849	+0.027%	$2K	$150K	5x	as long as short
BingX VELVET-USDT	+0.0520%	4h	0.05843	−0.068%	—	$1.4M	—	as long as short
Binance VELVETUSDT	+0.0523%	4h	0.05847	−0.008%	$4.3M	$5.5M	10x	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	+0.0532%	4h	0.05847	0.000%	$2.0M	$383K	50x	as long as short
edgeX VELVETUSDC	+0.0545%	4h	0.05871	+0.414%	$2K	$199K	10x	as long as short
BloFin VELVET-USDTlong	+0.0763%	4h	0.05847	long leg	$260K	$129K	50x