VELVET

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0510%/8h= +55.9% APRnext payment +$2.55 per $10,000 · paid last 24h −0.021%

Price spread now: BloFin against Bybit+0.240%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1491.493% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now +0.240%, 7d avg −0.030%

Together, before fees+0.301%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and BloFin is 0.270% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.030%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.227% in total (about 11.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.55 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	Bybit VELVETUSDT	0.05834	0.0136	pay 0.0068% / 4h	2h 31m	$1.6M	$1.5M	5x
Short	BloFin VELVET-USDT	0.05848	0.0647	get 0.0323% / 4h	2h 31m	$261K	$131K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.240%Rate

Funding earned: $107.18
Price spread: +0.240% → −0.030%: $27.04
Slippage, 4 orders: −$126.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.05
Costs to cover: 1.493%
Break-even: 8.0 days

Slippage from Bybit: live order book, 10 min ago; BloFin: live order book, 50 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, 10 min ago	8.57 bp	44.9 bp −$45	2320.4 bp −$23.2K	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	1.70 bp	32.2 bp −$32	74.5 bp −$745	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	0.05835	+0.021%	$9K	$18K	5x	as long as short
Gate VELVET_USDT	+0.0100%	4h	0.05831	−0.051%	$701K	$918K	10x	as long as short
KuCoin VELVETUSDTM	+0.0100%	4h	0.05828	−0.103%	$930K	$524K	10x	as long as short
Bitget VELVETUSDT	+0.0100%	4h	0.05841	+0.120%	$1.1M	$631K	10x	as long as short
HTX VELVET-USDT	+0.0100%	4h	0.05837	+0.051%	$12K	$21K	20x	as long as short
Bybit VELVETUSDTlong	+0.0136%	4h	0.05834	long leg	$1.6M	$1.5M	5x
Variational Omni VELVET	+0.0215%	4h	0.05864	+0.516%	$36K	$51K	—	as long as short
Binance VELVETUSDT	+0.0407%	4h	0.05837	+0.045%	$4.3M	$5.4M	10x	as long as short
Extended VELVET-USD	+0.0408%	1h	0.05835	+0.025%	$1K	$146K	5x	as long as short
MEXC VELVET_USDT	+0.0418%	4h	0.05837	+0.051%	$2.0M	$389K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX VELVET-USDT	+0.0428%	4h	0.05839	+0.086%	—	$1.4M	—	as long as short
edgeX VELVETUSDC	+0.0448%	4h	0.05837	+0.057%	$1K	$201K	10x	as long as short
BloFin VELVET-USDTshort	+0.0647%	4h	0.05848	+0.240%	$261K	$131K	50x