VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: MEXC against BloFin+0.101%49s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as 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−$860.859% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.381%−$38 on $10k

Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.101%, 7d avg −0.021%

Together, before fees−0.777%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.122% dearer against BloFin than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.021%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 41 hours. The two prices were read 49 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	0.05959	0.0886	pay 0.0443% / 4h	12m 25s	$264K	$133K	50x
Short	MEXC VELVET_USDT	0.05965	0.0646	get 0.0323% / 4h	12m 25s	$2.1M	$389K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$50.42
Price spread: +0.101% → −0.021%: $12.17
Slippage, 4 orders: −$73.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$124.11
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from BloFin: live order book, 59 min ago; MEXC: 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, 59 min ago	9.41 bp	22.9 bp −$23	73.7 bp −$737	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	5.06 bp	24.3 bp −$24	71.1 bp −$711	136.5 bp −$13.6K	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
Gate VELVET_USDT	+0.0100%	4h	0.05948	−0.185%	$709K	$937K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05945	−0.235%	$956K	$504K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05970	+0.185%	$1.1M	$632K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05929	−0.503%	$12K	$18K	20x	as long as short
Aster VELVETUSDT	+0.0146%	4h	0.05960	+0.009%	$9K	$17K	5x	as long as short
Bybit VELVETUSDT	+0.0155%	4h	0.05957	−0.034%	$1.6M	$1.5M	5x	as long as short
Variational Omni VELVET	+0.0178%	4h	0.05944	−0.250%	$36K	$51K	—	as long as short
BingX VELVET-USDT	+0.0580%	4h	0.05957	−0.034%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0634%	4h	0.05952	−0.112%	$2K	$197K	10x	as long as short
Extended VELVET-USD	+0.0640%	1h	0.05966	+0.112%	$3K	$237K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance VELVETUSDT	+0.0643%	4h	0.05968	+0.143%	$4.4M	$5.5M	10x	as long as short
MEXC VELVET_USDTshort	+0.0646%	4h	0.05965	+0.101%	$2.1M	$389K	50x
BloFin VELVET-USDTlong	+0.0886%	4h	0.05959	long leg	$264K	$133K	50x