Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.028%

Price spread now: BingX against Bybit−0.017%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.017%, 7d avg −0.038%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.021% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VELVETUSDT	0.05798	0.0100	pay 0.0050% / 4h	51m 17s	$1.5M	$1.4M	5x
Short	BingX VELVET-USDT	0.05797	0.0100	get 0.0050% / 4h	51m 17s	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.038%: $2.12
Slippage, 4 orders: −$56.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$75.7
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 3 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, 3 min ago	8.63 bp	37.9 bp −$38	1839.0 bp −$18.4K	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.86 bp	10.9 bp −$11	74.2 bp −$742	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	0.05796	−0.043%	$8K	$16K	5x	as long as short
Binance VELVETUSDT	+0.0100%	4h	0.05800	+0.034%	$4.3M	$4.7M	10x	as long as short
Bybit VELVETUSDTlong	+0.0100%	4h	0.05798	long leg	$1.5M	$1.4M	5x
Gate VELVET_USDT	+0.0100%	4h	0.05793	−0.086%	$686K	$908K	10x	as long as short
MEXC VELVET_USDT	+0.0100%	4h	0.05799	+0.017%	$2.0M	$363K	50x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05800	+0.034%	$1.0M	$382K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05808	+0.172%	$1.1M	$554K	10x	as long as short
BingX VELVET-USDTshort	+0.0100%	4h	0.05797	−0.017%	—	$1.4M	—
Variational Omni VELVET	+0.0100%	4h	0.05803	+0.094%	$38K	$12K	—	as long as short
edgeX VELVETUSDC	+0.0100%	4h	0.05801	+0.046%	$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	+0.086%	$12K	$13K	20x	as long as short
Extended VELVET-USD	+0.0104%	1h	0.05798	+0.001%	$2K	$225K	5x	as long as short
BloFin VELVET-USDT	+0.0340%	4h	0.05805	+0.121%	$263K	$98K	50x	as long as short