Funding arb · Price arb /

VELVET

all VELVET markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.158%

Price spread now: Bitget against Bybit+0.155%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1431.431% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.155%, 7d avg +0.036%

Together, before fees−0.376%−$38 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: Bitget is 0.119% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit VELVETUSDT	0.05822	0.0100	pay 0.0050% / 4h	1h 13m	$1.6M	$1.4M	5x
Short	Bitget VELVETUSDT	0.05831	0.0100	get 0.0050% / 4h	1h 13m	$1.1M	$660K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.155%Rate

Funding earned: $0
Price spread: +0.155% → +0.036%: $11.9
Slippage, 4 orders: −$120.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$131.21
Costs to cover: 1.431%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 2 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	8.57 bp	42.2 bp −$42	2213.1 bp −$22.1K	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.42 bp	31.6 bp −$32	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	0.05815	−0.123%	$9K	$18K	5x	as long as short
Bybit VELVETUSDTlong	+0.0100%	4h	0.05822	long leg	$1.6M	$1.4M	5x
Gate VELVET_USDT	+0.0100%	4h	0.05824	+0.034%	$695K	$906K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05822	0.000%	$942K	$529K	10x	as long as short
Bitget VELVETUSDTshort	+0.0100%	4h	0.05831	+0.155%	$1.1M	$660K	10x
Variational Omni VELVET	+0.0100%	4h	0.05854	+0.547%	$35K	$51K	—	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05837	+0.258%	$12K	$25K	20x	as long as short
BingX VELVET-USDT	+0.0152%	4h	0.05826	+0.069%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0154%	4h	0.05826	+0.076%	$2K	$205K	10x	as long as short
Binance VELVETUSDT	+0.0193%	4h	0.05825	+0.046%	$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
Extended VELVET-USD	+0.0200%	1h	0.05819	−0.059%	$5K	$161K	5x	as long as short
MEXC VELVET_USDT	+0.0200%	4h	0.05821	−0.017%	$2.0M	$400K	50x	as long as short
BloFin VELVET-USDT	+0.0441%	4h	0.05836	+0.240%	$261K	$130K	50x	as long as short