Funding you earn now, next payment 12:00 UTC+0.0220%/8h= +24.1% APRnext payment +$1.10 per $10,000 · paid last 24h −0.030%
Price spread now: Binance against Bybit−0.051%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.051%, 7d avg −0.041%
=The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.10 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VELVETUSDT | 0.05847 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $1.5M | $1.4M | 5x |
| Short | Binance VELVETUSDT | 0.05844 | 0.0320 | get 0.0160% / 4h | 2h 20m | $4.3M | $5.2M | 10x |
Bybit VELVETUSDT
Binance VELVETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $46.29
- Price spread: −0.051% → −0.041%
- −$0.99
- Slippage, 4 orders
- −$133.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$109.36
- Costs to cover
- 1.547%
- Break-even
- 23.5 days
Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 11 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 Bybit live order book, 4 min ago | 17.04 bp | 38.9 bp −$39 | 2373.4 bp −$23.7K | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.70 bp | 28.0 bp −$28 | 134.6 bp −$1,346 | 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 | 0.05850 | +0.046% | $8K | $16K | 5x | as long as short |
| Bybit VELVETUSDTlong | +0.0100% | 4h | 0.05847 | long leg | $1.5M | $1.4M | 5x | |
| Gate VELVET_USDT | +0.0100% | 4h | 0.05848 | +0.017% | $685K | $933K | 10x | as long as short |
| KuCoin VELVETUSDTM | +0.0100% | 4h | 0.05849 | +0.034% | $1.0M | $421K | 10x | as long as short |
| Bitget VELVETUSDT | +0.0100% | 4h | 0.05851 | +0.068% | $1.1M | $580K | 10x | as long as short |
| Variational Omni VELVET | +0.0100% | 4h | 0.05854 | +0.116% | $39K | $12K | — | as long as short |
| HTX VELVET-USDT | +0.0100% | 4h | 0.05854 | +0.120% | $12K | $16K | 20x | as long as short |
| Extended VELVET-USD | +0.0320% | 1h | 0.05848 | +0.022% | $3K | $235K | 5x | as long as short |
| Binance VELVETUSDTshort | +0.0320% | 4h | 0.05844 | −0.051% | $4.3M | $5.2M | 10x | |
| MEXC VELVET_USDT | +0.0330% | 4h | 0.05851 | +0.068% | $2.0M | $404K | 50x | as long as short |
Aster VELVETUSDT
Gate VELVET_USDT
KuCoin VELVETUSDTM
Bitget VELVETUSDT
Variational Omni VELVET
HTX VELVET-USDT
Extended VELVET-USD
MEXC VELVET_USDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX VELVET-USDT | +0.0354% | 4h | 0.05858 | +0.188% | — | $1.4M | — | as long as short |
| edgeX VELVETUSDC | +0.0365% | 4h | 0.05862 | +0.259% | $1K | $190K | 10x | as long as short |
| BloFin VELVET-USDT | +0.0572% | 4h | 0.05878 | +0.530% | $263K | $125K | 50x | as long as short |
BingX VELVET-USDT
edgeX VELVETUSDC
BloFin VELVET-USDT